SOURCE: Ocean Bio-Chem

June 11, 2009 09:00 ET

Ocean Bio-Chem Reports New $2 Million Plus Contract

FORT LAUDERDALE, FL--(Marketwire - June 11, 2009) - Ocean Bio-Chem, Inc. (NASDAQ: OBCI) announced today that it has received a new contract with a value in excess of $2 million, for private label products. Detailed terms of the contract were not disclosed.

Peter Dornau, Ocean Bio-Chem President and CEO, stated, "We are extremely pleased that this is a new private label customer and new distribution for the Company. We expect the sales to be completed in the 3rd and 4th quarter of this year. We look forward to continued success, as our sales and marketing plans are implemented."

About Ocean Bio-Chem

Ocean Bio-Chem, Inc. manufactures and markets a full line of maintenance and care products for boats, automobiles, recreational vehicles, motorcycles and aircraft. Products are sold under the Starbrite™ and StarTron™ name and private label brands. The Company trades publicly under NASDAQ Symbol: OBCI.

Cautionary Statement: The foregoing is news relating to Ocean Bio-Chem, Inc. (OBCI or "the Company") and contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. When used in this report, the words "anticipate," "believe," "estimate," "expect" and similar expressions as they relate to the Company or its management, including without limitation the Company's other subsidiaries, are intended to identify such forward-looking statements. The Company's actual results, performance or achievements could differ materially from the results expressed in, or implied by these forward-looking statements. For more detailed information the reader is referred to the Company's 10-K and other documents filed with the United States Securities and Exchange Commission.

Contact Information

  • For additional information contact:
    Peter Dornau
    President and CEO
    Ocean Bio-Chem, Inc.
    (954) 587-6280
    Jeff Barocas
    Chief Financial Officer
    Ocean Bio-Chem, Inc.
    (954) 587-6280

    4041 S. W. 47th Avenue
    Fort Lauderdale, FL 33314
    Tel. (954) 587-6280
    Fax. (954) 587-2813