Mile Marker International, Inc. Announces Two Cash Dividends

POMPANO BEACH, Fla.--Sept. 30, 2003--Mile Marker International, Inc. (OTCBB:MMRK), a specialty vehicle parts distributor, announced the payment of two cash dividends totaling $0.07 per common share in the fourth quarter of 2003.

On September 17, 2003, the Board of Directors of Mile Marker International, Inc. declared a cash dividend of $0.015 per common share to be paid on October 15, 2003 to all shareholders of record as of October 10, 2003. The Company's Board of Directors also voted to issue a special dividend of $0.055 per common share on December 10, 2003 to all shareholders of record as of December 1, 2003.

With these two dividends, the Company has declared cash dividends totaling $0.10 per common share during 2003. Based on a closing share price of $1.65 for Mile Marker stock on September 29, 2003, these dividends represent a yield of approximately 6% per annum.

Richard Aho, President and CEO of Mile Marker International, Inc., said: "With our growing electric and hydraulic winch sales and our increased military business, 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 recreational, utility 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.