Ocean Bio-Chem Inc (OBCI)

[Rawnoc]

Ocean Bio-Chem Reports Second Quarter Record Sales and Pretax Profits of
$338,000, Pretax EPS of $.04 per Share

FORT LAUDERDALE, FL, Aug 14, 2009 (MARKETWIRE via COMTEX) -- Ocean Bio-Chem, Inc.
(OBCI) today reported pretax profits of approximately $338,000 for the second
quarter 2009 compared to a pretax loss of approximately ($8,000) for the
comparative quarter 2008, an increase in pretax profits of $346,000. Net income,
after tax for the second quarter ending June 30, 2009 was approximately $133,000
compared to a net loss of approximately ($18,000) for the comparative 2008
quarter, an increase of $151,000. Net earnings per share, both basic and diluted,
for the second quarter 2009 were $.02 compared to no earnings per share in the
second quarter of 2008. Record net sales for the second quarter 2009 were
approximately $5,715,000 compared to approximately $4,991,000 for the comparative
2008 period, an increase of 14.5% or $724,000.

For the six month period ended June 30, 2009, the Company reported record pretax
profits of approximately $555,000 compared to a pretax loss of approximately
($320,000) for the comparative 2008 period, an increase of $875,000. Record net
income, after tax, for the six month period ending June 30, 2009 was
approximately $259,000 compared to an operating loss of approximately ($224,000)
for the comparative 2008 six month period, an increase of $483,000. Earnings per
share, both basic and diluted, for the six month period were $.03 compared to a
loss per share of ($0.03) for the comparative 2008 six month period. For the six
month period ended June 30, 2009, the Company reported record net sales of
approximately $9,825,000 compared to $8,736,000 for the comparative 2008 six
month period, an increase of 12.5% or $1,089,000.

(000's omitted, except per share data)
Quarter ended June 30,20092008
-------- -------
Net Sales$5,715 $ 4,991
Pretax Income (Loss)$338 $(8)
Net Income (Loss)$133 $(18)
Basic & diluted earnings (Loss) per share
- before taxes$.04 $-
Basic & diluted earnings (Loss) per share$.02 $-
Six months ended June 30,20092008
-------- -------
Net Sales$9,825 $ 8,736
Pretax Income (Loss)$555 $(319)
Net Income (Loss)$259 $(224)
Basic & diluted earnings (Loss) per share
- before taxes$0.07 $ (0.04)
Basic & diluted earnings (Loss) per share$0.03 $ (0.03)



Ocean Bio-Chem President and CEO Peter Dornau stated, "I am extremely pleased
with the financial results of the Company for both the second quarter and six
month period. Despite the many negative economic factors, the Company reported
record sales for both the quarter and six month periods. The Company's earnings
per share before taxes (both basic and diluted) for the second quarter were $0.04
compared to no earnings per share before taxes for the comparative quarter 2008.
For the six month period ending June 30, 2009, earnings per share before taxes
(both basic and diluted) were $.07 compared to a loss of $0.04 per share for the
comparative prior years six month period. Due to the high taxable income and
resulting high tax provision, we feel the earnings per share after taxes do not
demonstrate the operating and financial strength and success of the Company. We
therefore will report earnings per share -- before taxes on a consistent, ongoing
basis."

Mr. Dornau continued, "We are seeing signs of recovery in the boating industry.
We believe as the boating industry picks up and more people use their boats, the
Company will continue to be the benefactor of increased sales, and market share.
As part of the Company's overall strategic Marketing Plan, the Company is
continuing to invest in advertising, customer and consumer promotions, and
building brand awareness. Increasing brand awareness, we believe, will continue
to make Starbrite(R) and StarTron(R) products the consumers' number one choice of
products. Our sales and marketing efforts are focused on increasing sales both in
our core marine market as well as outside of our core market into automobile
after market, recreational vehicles, hardware/lawn & garden/small engines, and
motorcycles markets being lead by StarTron(R). As we enter the second half of the
year, I am cautiously optimistic that we could report record pretax profits for
the full year."

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(R) name. The Company trades publicly under
NASDAQ SmallCap Symbol: OBCI. Websites: http://www.starbrite.com,
http://www.startron.com, http://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.

For additional information contact:
Peter Dornau
President and CEO
Ocean Bio-Chem, Inc.
[e-mail]
[phone]

Jeff Barocas
Chief Financial Officer
Ocean Bio-Chem, Inc.
[e-mail]
[phone]




SOURCE: Ocean Bio-Chem
mailto:[e-mail]
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