Ocean Bio-Chem, Inc. Featured as One of Three MicroCap Stocks Worth
Article Published in Grants Interest Rate Observer
FORT LAUDERDALE, FL -- (Marketwire) -- 11/29/12 -- 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, is pleased to announce the Company is featured in
the November 30, 2012 issue of "Grants Interest Rate Observer" in a
story about three microcap companies that investors should consider.
Harper Stephens, director of investment management at Thompson Davis
Asset Management, Richmond, Virginia, is quoted in the story: "We've
owned Ocean Bio-Chem for about a year and a half now and they
continue to execute fundamentally. They have a new product that is
ramping and they just had an all-time record revenue quarter. In
fact, over the past 12 quarters, it has broken revenue records nine
times for that particular quarter of the year."
Mr. Stephens continues: "The stock trades at around half the peer
group's earnings multiple, 70% below the price-to-sales multiple, 80%
below the price-to-cash flow multiple and around half the
price-to-book multiple of its peer group."
The article continues with a description of StarTron, an enzyme-based
fuel additive that fights the corrosive effects of ethanol, as "Ocean
Bio-Chem's prize elixir." It talks about the strong reviews of the
product on Amazon and how the product produces repeat customers.
Ocean Bio-Chem is "doing about $9.5 million of StarTron sales
annually," Mr. Stephens is quoted saying. "If they can continue to
grow and take share from the competitors it could end up being a $50
million to $100 million per year product" in a $1 billion sector.
The article is available from E & E Communications. E-mail
firstname.lastname@example.org. Grants Interest Rate Observer,
published on Wall Street, focuses on economic conditions and interest
rate trends and provides financial analysis and forecasts.
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, recreationa
l vehicles, automobiles,
power sports, outdoor power equipment and motorcycle markets under
the Star Brite(R) StarTron(TM) 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
The Company's web sites are: www.oceanbiochem.com, www.starbrite.com
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
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