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Mile Marker International, Inc. Announces Third Quarter 2002 Results and First Cash Dividend

    POMPANO BEACH, Fla.--Nov. 4, 2002--Mile Marker International, Inc. (OTCBB:MMKR), a specialty vehicle parts distributor, announced revenues and net income for the three and nine months ending September 30, 2002 in its Form 10-QSB filing with the U.S. Securities and Exchange Commission today. Mile Marker also announced its first cash dividend of $0.015 per common share.
    In its Form 10-QSB filing with the U.S. Securities and Exchange Commission on November 4, 2002, Mile Marker International, Inc. announced net income of $83,682 for the three months ending September 30, 2002, based on sales revenues of $1,906,837, or $0.01 per common share, compared to net income of $459,684 based on sales revenues of $3,086,174, or $0.04 per common share, for the same period in 2001. The Company reported record net income of $1,114,908 for the nine months ending September 30, 2002 on sales revenues of $8,299,752, or $0.11 per common share compared to net income of $848,132 based on sales revenues of $7,710,854, or $0.08 per share for the first nine months of 2001.
    Richard Aho, President and CEO of Mile Marker International, Inc., said: "Our third quarter's results reflect both a seasonally weak period as well as the completion of a large military winch order earlier in the year. We continue to ship a very significant volume of military winches, and our civilian winch sales are growing quite nicely."
    Mile Marker also announced today that its Board of Directors has authorized the payment of a cash dividend of $0.015 per common share on November 29, 2002 to all shareholders of record as of November 22, 2002, based on the Company's 2002 results to date. This will be the Company's first cash dividend.
    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.