Ocean Bio-Chem Announces Stock Purchase Program

FORT LAUDERDALE, Fla.--Dec. 3, 2004--Ocean Bio-Chem, Inc. today announced that its Board of Directors has approved a plan for the Company to purchase shares of the Company's Common Stock on the open market at or below its book value.

Ocean Bio-Chem President and CEO Peter Dornau explained, "We believe Ocean Bio-Chem shares are undervalued and accordingly have elected to authorize a common stock purchase plan. Furthermore, in addition to any shares purchased by the Company, certain directors and myself are prepared to buy shares on the open market at these levels."

Any corporate purchases will comply with the SEC's Rule 10b-18 which provides guidelines for companies that are repurchasing their stock in the market. Any shares purchased by officers or directors will be in compliance with Section 16(a) of the Securities Act of 1934.

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.