Ocean Bio-Chem New Orders May Exceed $2.3 Million in Revenue Per Year; Plastic Bottle Manufacturing at Kinpak Running At Capacity

    FORT LAUDERDALE, Fla.--Oct. 4, 2001--Ocean Bio-Chem, Inc. today announced that it has started shipping new orders related to washer and protective fluid products ear-marked for delivery to Auto Zone and Wal-Mart representing an estimated potential increase in revenues exceeding $2.3 million per year. Initial fulfillment of the new orders has pushed the plastic blow molding line at its Kinpak manufacturing facility to capacity.
    Ocean Bio-Chem President and CEO Peter Dornau described the new business development:
    "New automotive related orders have been coming in at a very brisk pace. To meet the demand created by these orders and to keep up our usual winter season business, we have needed to purchase additional plastic bottles from outside sources. So far the additional bottles have been available and we have plenty of filling capacity thanks to the addition of our new plant equipment earlier this year.
    "In terms of revenue and profitability, we believe the new washer and protective fluid orders will lead to increased annual revenue potentially exceeding $2.3 million. Although lower in margin, these new orders contribute significantly toward covering our manufacturing facility overhead. They furthermore help us to gain valuable market share that in turn better positions us to sell higher margined products. Overall, we are looking forward to a year of solid growth and improving 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. www.oceanbiochem.com

    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.