Mile Marker International Announces Record Third Quarter Earnings

    POMPANO BEACH, Fla.--Nov. 13, 2001--Mile Marker International, Inc. (OTCBB:MMKR), a specialty auto parts manufacturer/distributor, today announced record earnings and sales for its third fiscal quarter ending September 30, 2001 in its Form 10-QSB filing with the U.S. Securities and Exchange Commission.
    In its Form 10-QSB filing with the U.S. Securities and Exchange Commission, Mile Marker International, Inc. announced net income of $459,684 for the quarter ending September 30, 2001, or $0.04 per common share, compared to net income of $22,876 for the same quarter in 2000. The Company's net income for the nine months of 2001 was $848,132, or $0.08 per share, compared to $328,040 in net income for the first nine months of 2000, or $0.03 per share. The Company recorded sales of $3,086,174 during its 2001 third quarter, compared to sales of $1,275,855 in the previous year's third quarter. Sales for the nine months of 2001 totaled $7,710,854, compared to sales of $4,340,486 for the first nine months of 2000 and $5,574,986 for the entire year of 2000.
    Richard Aho, President and CEO of Mile Marker International, Inc., said: "These record results are primarily due to increased sales of our unique patented hydraulic winch to the U.S. military and civilian customers, improved gross margins and improved operating efficiencies."
    Mr. Aho added: "During the third quarter of this year, we fulfilled approximately $2.4 million of our $7,137,938 military winch contract. These sales further confirm the U.S. military's strong confidence in the reliability of our company's unique hydraulic winches for its Humvee combat vehicles. After years of rigorous field testing the Mile Marker hydraulic winch, the military has been retrofitting its existing Humvee vehicles by replacing electric winches with the Mile Marker hydraulic winch. In addition, we have been supplying our unique hydraulic winches for ongoing production of new Humvee vehicles. We believe that there is a substantial continuing demand for our field tested hydraulic winches, not only for the many thousands of U. S. military Humvee vehicles, but also from foreign military allies. The success of our hydraulic winch with the U.S. military has also increased demand for our hydraulic winch from electric utilities, gas companies and other commercial users."