Mile Marker International, Inc. Announces Third Quarter 2004 Results

POMPANO BEACH, Fla.--Nov. 1, 2004--Mile Marker International, Inc. (OTCBB:MMRK), a specialty vehicle parts distributor, today announced its third quarter 2004 financial results.

In its Form 10-QSB filing with the U.S. Securities and Exchange Commission today, Mile Marker International, Inc. announced that it earned net income of $333,959, or $0.03 per common share, for the third fiscal quarter ended September 30, 2004, based on sales revenues of $3,942,639. During the same period in 2003, the Company reported net income of $446,175, or $0.04 per common share, based on sales of $3,618,656.

Sales revenues were $16,922,446 for the first nine months of 2004, compared to $8,588,343 for the first nine months of 2003 and $13,238,315 for the full year of 2003. Net income for the first nine months of 2004 was $2,564,829 compared to $747,564 for the first nine months of 2003 and $1,316,427 for the full year of 2003. Fully diluted earnings per share were $0.26 in the first nine months of 2004, compared to $0.07 for the first nine months of 2003 and $0.13 for the full year of 2003.

Richard Aho, President and CEO of Mile Marker International, Inc., said: "As we have repeatedly stressed, the timing of our military orders is intermittent, unpredictable and dependant upon government budgetary priorities and considerations. Sales of our patented hydraulic winches to the military totaled $214,891 in the third quarter of 2004, compared to $2,139,904 in the third quarter of 2003. We estimate that we have the potential for $30 million of future military orders over the next five years under the four contracts already received, and we have a bid outstanding for another substantial contract. The highlight of our third quarter's performance was the tremendous growth in our core non-military business. Sales of our core business products in the third quarter of 2004 were $3,727,748 compared to $1,682,291 during the same period in 2003. This represents more than a 120% sales increase in our non-military products. We have faith in the long term future of our Company despite the short-term volatility of our quarterly results due to the erratic timing of orders under our military contracts."

About Mile Marker

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 Humvee vehicles.

Forward-Looking Statements

Included in this release are certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's financial performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors, sales and earnings growth, ability to attract and retain key personnel and general economic conditions, including uncertainties relating to global political conditions, such as terrorism. Information with respect to important risk factors that should be considered is contained in the Company's Annual Report on Form 10-KSB and its Form 10-QSB as filed with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.