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Monday, 03/15/2010 11:21:54 AM

Monday, March 15, 2010 11:21:54 AM

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FORT LAUDERDALE, FL--(Marketwire - 03/15/10) - Ocean Bio-Chem, Inc. (NASDAQ:OBCI - News) reported that Star brite Distributing, Inc. and ValvTect Petroleum announced that they have amicably settled their lawsuit in the United States District Court for the Southern District of Florida.

"We are very pleased that we have resolved this dispute and look forward to bright futures for both our companies," said Peter Dornau, President of Star brite and Jerry Nessenson, President of ValvTect.