Mile Marker International, Inc. Announces Record Second Quarter 2002 Results

    POMPANO BEACH, Fla.--July 30, 2002--Mile Marker International, Inc. (OTCBB:MMKR), a specialty vehicle parts distributor, announced record revenues and net income for the six months ending June 30, 2002 in its Form 10-QSB filing with the U.S. Securities and Exchange Commission today.
    In its Form 10-QSB filing with the U.S. Securities and Exchange Commission on July 30, 2002, Mile Marker International, Inc. announced record net income of $1,031,226 for the first six months of 2002, or $0.10 per common share compared to net income of $388,447 for the first six months of 2001, or $0.04 per common share, and $1,009,808 for the year ending December 31, 2001, or $0.09 per common share. The Company's 166% increase in net income resulted from sales revenues of $6,392,915 for the first six months of 2002, an increase of 38% over the $4,624,680 in sales revenues for the same period in 2001. During the second quarter of 2002, the Company reported net income of $456,622, compared to net income of $417,255 for the same quarter in 2001. Including these 2002 results, the Company's trailing twelve month earnings per share total $0.15.
    Richard Aho, President and CEO of Mile Marker International, Inc., said: "These record results reflect the continuing fulfillment of our hydraulic winch orders from the U.S. military as well as substantial increases in our non-military winch sales. We expect to see additional military winch orders coming out of the recently-approved defense budget and from NATO since our unique hydraulic winch has been very well received by the military."
    Mile Marker International, Inc., through its wholly-owned subsidiary, Mile Marker, Inc., is a manufacturer and distributor of specialized vehicle 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 safer winch than any other winch in this segment of the market.
    The complete text of the Company's Form 10-QSB filing can be found under "Milemarker International, Inc." in the "Search for Company Filings" section of the U.S. Securities and Exchange Commission's website at http://www.sec.gov.