Ocean Bio-Chem, Inc. Reports Two Key Products Aiding Victims of Hurricane Sandy; Sales Increases Reported
FORT LAUDERDALE, FL -- (Marketwire) -- 11/28/12 -- Ocean Bio-Chem, Inc. (NASDAQ: OBCI), a leading manufacturer and distributor of appearance, performance, and maintenance products serving the marine, automotive, power sports, recreational vehicle and outdoor power equipment markets, said today that two of its most popular products, MDG Mold Odor Control Systems and Salt Off with PTEF®, can be extremely useful to defeat the devastation Hurricane Sandy caused in boats and cars and also in homes and offices.
"Flood conditions can cause moldy, foul odors and corrosion from exposure to salt," said Gregor M. Dornau, Ocean Bio-Chem Executive Vice President - Sales & Marketing. "Salt Off with PTEF® is formulated to remove salt deposits from any non-porous surface, leaving behind a protective PTEF polymer barrier to help repel salt. It is ideal for restoring any metal surfaces that have been exposed to salt water, including boats, cars, motorcycles, trucks as well as all other metal surfaces. The biodegradable, non-toxic formula will not harm the environment and is safe for use around people and pets. It will not harm painted surfaces nor fiberglass, plastic, rubber or glass surfaces."
"MDG Mold Odor Control is an U.S. Environmental Protection Agency-approved, patented process which utilizes an extremely effective, deep-penetrating chlorine dioxide vapor to permeate throughout an enclosed area in order to completely eliminate any existing foul smell or odor. It is available in a Slow Release version that ensures indoor air quality for up to 3 months, as well as a Fast Release system that works overnight and is very well suited to restore cars, homes, and other enclosed areas. This safe technology has been used for years in hospitals, food processing plants, hotels and other places to eliminate and prevent foul odors," Mr. Dornau said.
In addition, the Company has stepped up marketing its StarTron fuel treatment products for use in all diesel and gas powered equipment used in the cleanup efforts. The product, the only enzyme based fuel treatment on the market, helps effectively eliminate the water buildup in ethanol based fuels.
"We do see an increased demand for our products currently in the Northeast and we plan to continue our marketing efforts in this region," said Peter Dornau, CEO. "This is not a matter of taking advantage of a bad situation but rather is aiding people who are looking for solutions to help them forget the devastation of 'Sandy.' Ocean Bio-Chem made a corporate contribution to the American Red Cross, and numerous cash and product donations to local relief organizations, to further assist people harmed by this massive storm."
For more information about Ocean Bio-Chem products, call (800) 327-8583 or visit www.starbrite.com
About Ocean Bio-Chem, Inc.:
Ocean Bio-Chem, Inc. is principally engaged in the manufacturing, marketing and distribution of a broad line of appearance and maintenance products for boats, recreational vehicles, automobiles, power sports, outdoor power equipment and motorcycle markets under the Star brite® StarTron and other trademarks within the United States of America and Canada. In addition, the Company produces private label formulations of many of its products for various customers and provides custom blending and packaging services for these and other products.
The Company trades publicly under NASDAQ Capital Markets, Ticker Symbol: OBCI.
Certain statements contained in this Press Release including without limitation expectations as to future sales and operating results, constitute forward-looking statements. For this purpose, any statements contained in this report that are not statements of historical fact may be deemed forward-looking statements. Without limiting the generality of the foregoing, words such as "believe," "may," "will," "expect," "anticipate," "intend," "could" including the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that may affect these results include, but are not limited to, the highly competitive nature of our industry, reliance on certain key customers, changes in consumer demand for marine, recreational vehicle and automotive products, advertising and promotional efforts, exposure to market risks for changes in interest rates and in foreign exchange rates, and other factors.
CEO and President
Vice President & CFO
E & E Communications