Ocean Bio-Chem Reports Increase In Gross Sales

    FORT LAUDERDALE, Fla.--June 1, 2001--Ocean Bio-Chem, Inc. today reported an increase of approximately $400,000 in gross sales for the April and May months of the second quarter vs. the same period in the previous year. Orders and invoices for April and May of 2000 totaled approximately $2.5 million while April and May of 2001 totaled approximately $2.9 million. Nearly $200,000 of the increase is due to new oil product sales while the remaining balance of the increase was due to overall improvement in recurring product sales.
    Ocean Bio-Chem President and CEO Peter Dornau stated, "We are now shipping all forty-plus products that comprise our new automotive line. Thanks to the completion of the tank farm at our Kinpak manufacturing facility, our capacity and response capability to satisfy customer orders has expanded significantly. Lastly, to help offset higher prices for raw materials, we have made price adjustments on certain affected products effective late in the first quarter. Accordingly, we firmly believe we are on a strong track for increased sales and profitability."

    About Ocean Bio-Chem

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

    NOTE: 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. This does not constitute an offer to buy or sell securities by GeoMarketing, the Company or its subsidiaries and is meant purely for informational purposes.