Mile Marker International, Inc. Announces Stock Purchase Program

    POMPANO BEACH, Fla.--May 15, 2002--Mile Marker International, Inc. (OTCBB:MMKR), a specialty automotive parts distributor, announced a stock buyback program to purchase its own common shares in its Form 8-K filing with the U.S. Securities and Exchange Commission.
    In its Form 8-K filing with the U.S. Securities and Exchange Commission on May 15, 2002, Mile Marker International, Inc. announced that its Board of Directors authorized the repurchase of up to 300,000 shares of its common stock in the open market.
    Richard Aho, President and CEO of Mile Marker International, Inc., stated: "We believe that our own shares are an excellent investment because they are undervalued relative to our recently-reported earnings. As we reported on May 2, 2002, our trailing twelve month earnings per share now total $0.15, and our common stock is now selling at a multiple of less than six times earnings despite our recent record earnings."
    Mile Marker International, Inc., through its wholly owned subsidiary, Mile Marker, Inc., is a manufacturer and distributor of specialized automobile parts primarily for the four-wheel drive utility/recreational and military vehicle markets. The Company has been in business for over 20 years under the management of the Company's founder, Chairman and Chief Executive Officer, Richard E. Aho. Mile Marker's unique patented line of hydraulic winches use a vehicle's power steering pump as its source of energy. In 2002, Mile Marker introduced a new low-cost 8000 lb. electric winch with a heavy-duty 3/8" cable, providing a larger safety margin than any other winch in this segment of the market.
    The complete text of the Company's recent SEC filings can be found under "Milemarker International, Inc." in the "Search for Company Filings" section of the SEC's website at http://www.sec.gov