Ocean Bio-Chem Reports Profit for Year Ending December 31, 2003; First Quarter 2004 Showing Significant Improvement Over 2003

FORT LAUDERDALE, Fla.--March 30, 2004--Ocean Bio-Chem, Inc. today reported net earnings for the calendar year ending December 31, 2003 of $ .07 per share or $345,071 versus $ .03 per share or $134,518 for the comparable 2002 year. Net Sales decreased 3% or $588,000 for the year from $20,712,991 in 2002 to $19,997,702. The Company reported that the decrease in Net Sales was primarily attributed to planned reductions in lower margin automotive product sales. The overall impact of the foregoing was slightly lower revenues, yet higher gross margins.

         Year Ending December 31                 2003         2002

                Net Sales                 $19,997,702  $20,712,991
               Net income                    $345,071     $134,518
   Earnings per share  (fully diluted)           $.07         $.03
       Average Shares Outstanding           4,960,843    4,805,843

Ocean Bio-Chem President and CEO Peter Dornau stated, "We experienced a tough beginning in 2003. The start of the War in Iraq, increases in petroleum based raw materials, and bad weather in many parts of the country all contributed to a depressed $.14 per share loss for the first quarter. We recovered, however, to produce three consecutive quarters of profit and to finish the year with a profit up 233% over 2002. We have now produced three consecutive years of profitable operations. During 2003 we completed the addition of a 70,000 square foot addition to our Kinpak Manufacturing Facility setting the stage to allow us to aggressively compete in the future.

"Thus far the first quarter of 2004's revenues are significantly improved over 2003. We believe that together with the introduction of new products, the elimination of past litigation related legal expenses, and continuing initiatives to achieve increasing margins, 2004 has the potential to produce an outstanding performance."

About Ocean Bio-Chem

Ocean Bio-Chem, Inc. manufactures and markets a full line of maintenance and care products for boats, recreational vehicles, automobiles, motorcycles and aircraft. Products are sold under the Starbrite(TM) name. The Company trades publicly under NASDAQ SmallCap Symbol: OBCI. www.oceanbiochem.com

NOTE: The foregoing is news relating to Ocean Bio-Chem, Inc. (OBCI or "the Company") and contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. When used in this report, the words "anticipate," "believe," "estimate," "expect" and similar expressions as they relate to the Company or its management, including without limitation the Company's other subsidiaries, are intended to identify such forward-looking statements. The Company's actual results, performance or achievements could differ materially from the results expressed in, or implied by these forward-looking statements. For more detailed information the reader is referred to the Company's 10-K and other documents filed with the United States Securities and Exchange Commission. This does not constitute an offer to buy or sell securities by GeoMarketing, the Company or its subsidiaries and is meant purely for informational purposes.