Mile Marker International, Inc. Announces Military Order, Cash Dividend and Stock Split

    POMPANO BEACH, Fla.--July 17, 2003--Mile Marker International, Inc. (OTCBB:MMRK), a specialty automotive parts distributor, announced a $3,899,428 order from the U.S. military, a cash dividend of $0.015 per common share and the completion of a reverse/forward stock split transaction.
    In its Form 8K filing with the U.S. Securities and Exchange Commission on July 14, 2003, Mile Marker International Inc. announced the receipt of another order on the Company's three year military contract for the delivery of 1,534 Mile Marker hydraulic winch/bumper assemblies by December of 2003 with a dollar value of $3,899,428.
    On July 16, 2003, the Board of Directors of Mile Marker International, Inc. declared a cash dividend of $0.015 per common share to be paid on July 29, 2003 to all shareholders of record as of July 26, 2003. The Company's has previously paid cash dividends of $0.015 per common share on November 29, 2002 and January 31, 2003.
    The Company also announced the completion of its reverse/forward split transaction on July 9, 2003 in which approximately 680 of the Company's smaller shareholders holding less than 15 shares were paid cash for their shares based on recent market prices. The Company estimates that it now has 354 shareholders of record.
    Richard Aho, President and CEO of Mile Marker International, Inc., said: "I expect 2003 to be a record year for Mile Marker in all aspects: sales, net income and dividends."
    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. Mile Marker's unique patented line of hydraulic winches uses a vehicle's power steering pump as its source of energy.