Mile Marker International, Inc. Announces First Quarter 2003 Cash Dividend

    POMPANO BEACH, Fla.--Jan. 9, 2003--Mile Marker International, Inc. (OTCBB:MMKR), a specialty vehicle parts distributor, today announced the payment of a quarterly cash dividend of $0.015 per common share.
    Mile Marker announced today that its Board of Directors has authorized the payment of a cash dividend of $0.015 per common share on January 31, 2003 to all shareholders of record as of January 17, 2003. This will be the Company's second cash dividend. The Company paid a cash dividend of $0.015 per common share on November 29, 2002. The Company's management estimates that the Company will have earned over $0.10 per common share in 2002.
    Richard Aho, President and CEO of Mile Marker International, Inc., said: "Our estimated financial results for 2002 and the financial results I anticipate for 2003 will allow us to pay this second dividend to our shareholders. I am hopeful that we will be able to continue to pay quarterly dividends at this rate or better in the future. I also hope that the U.S. Congress will agree with President Bush's proposal to make dividends tax-free."
    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. Its major products include its unique patented hydraulic winches, electric winches and locking wheel hubs for four-wheel drive vehicles.