Mile Marker International, Inc. Announces 60% Higher Quarterly Cash Dividend

POMPANO BEACH, Fla.--May 14, 2004--Mile Marker International, Inc. (OTCBB:MMRK), a specialty vehicle parts distributor, today announced the payment of an increased quarterly cash dividend of $0.04 per common share.

Mile Marker International, Inc. today announced that its Board of Directors authorized the payment of a quarterly cash dividend of $0.04 per common share on June 1, 2004 for all shareholders of record as of May 2, 20047, 2004. This dividend represents a 60% increase from the cash dividend of $0.025 per common share paid in the first quarter of 2004. During 2003, the Company paid total cash dividends of $0.10 per common share.

On April 29, 2004, Mile Marker announced that it earned net income of $1,144,652, or $0.12 per common share, for the first fiscal quarter ended March 31, 2004, based on sales revenues of $7,004,292. The Company's first quarter financial performance was up sequentially in sales, earnings and dividends over 2003. The Company's management expects full year 2004 results to be substantially better than its record 2003 results.

Richard Aho, President and CEO of Mile Marker International, Inc., said: "As we previously indicated, we have increased the level of cash dividends to our shareholders as our earnings have increased. We are pleased to share the results of our success with our more than 500 shareholders. This dividend represents an annualized yield of over 5 1/2% based on our current share price of $2.80 per share."

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. The Company's unique patented hydraulic winch has received overwhelming acceptance by the U.S. military for installation on new and retrofitted Humvees.