Mile Marker International, Inc. Announces Second Quarter 2005 Results and Stock Buyback Program

POMPANO BEACH, Fla.--Aug. 5, 2005--Mile Marker International, Inc. (OTCBB:MMRK), a specialty vehicle parts distributor, today announced its second quarter 2005 financial results and a repurchase program for its common stock.

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 $686,672, or $0.07 per common share, for the second quarter ended June 30, 2005, based on sales revenues of $6,020,205. During the same period in 2004, the Company reported net income of $1,086,218, or $0.11 per common share, based on sales of $5,975,515.

Sales revenues were $13,501,928 for the first six months of 2005, compared to $12,979,807 for the first six months of 2004 and $23,336,084 for the full year of 2004. Net income for the first six months of 2005 was $1,728,700 compared to $2,230,870 for the first six months of 2004 and $3,552,729 for the full year of 2004. Fully diluted earnings per share were $0.17 in the first six months of 2005, compared to $0.22 for the first six months of 2004 and $0.36 for the full year 2004.

The Company's Board of Directors today approved a program to repurchase up to 100,000 additional shares of the Company's common stock for its treasury during the next six months. Such acquired shares will be used to fund common shares issued when stock options are exercised without diluting the Company's other shareholders.

Richard Aho, President and CEO of Mile Marker International, Inc., said: "We are happy with the continued growth in our commercial business. However, we did not receive any significant military orders for replacement winches during this quarter. As we have always stressed, our quarterly results are volatile due to the timing of purchase orders under our military contracts. The timing of such military orders under our five multi-year military contracts is intermittent, unpredictable and highly dependant upon government budgetary priorities and considerations. Nevertheless, we've had to incur significant costs for inventory, personnel and space in order to be able to fulfill these military orders promptly as required by our contracts. These costs have adversely affected our financial results this quarter. As our commercial business grows, our volatile military business will become less of a factor. We have also taken several steps to improve our short-term profitability without jeopardizing our ability to perform under our military contracts."

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.