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Ocean Bio-Chem Reports Profit For First Quarter of 2002; Net Sales Up 21%, Hit All-Time High

    FORT LAUDERDALE, Fla.--May 14, 2002--Ocean Bio-Chem, Inc. today reported record sales of $3,917,976, a 21% increase, for its First Quarter, or three-month period, ended March 31, 2002. Net income amounted to $ .01 per share versus a loss of ($.08) per share for the same period in 2001.


Three months ended March 31               2002           2001
   Net Sales                          $3,917,976     $3,233,206
   Net income (loss)                      56,946       (309,474)
   Earnings per share (loss)               $ .01         ($ .08)
   Average Shares Outstanding          4,232,370      4,098,370


    Increased sales during the quarter ended March 31, 2002 were primarily attributed by management to automotive products and marineTCW3 Two-Cycle motor oil. Ocean Bio-Chem President and CEO Peter Dornau stated, "Ordinarily, the first quarter is weak for us but the addition of new products in the automotive area as well as the continuing success of our core products has sustained and outpaced the revenue growth we experienced last year. We are optimistic that the solid 21% growth in sales and operating profits for the First Quarter will continue and look forward to reporting further progress in our mission to achieve record revenues and earnings for 2002."

    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.