Ocean Bio-Chem, Inc. Reports Record 2021 First Quarter Net Sales - Increase of 68% or $5.3 million

FORT LAUDERDALE, Fla., April 19, 2021

Peter Dornau, President and CEO commented, "Our first quarter net sales continued to be exceptionally strong, building on the success of our outstanding 2020 results. The unprecedented growth of core products is attributable to the many customers we serve in several markets. The Company's sales increased across the board to marine retailers and wholesale distributors, as well as online customers. In addition, the Company realized specific sales increases in specialty sporting goods stores, major national auto chains, and RV markets."

Mr. Dornau continued, "One of the core strengths of our Company and reason for our current success is a smart inventory investment strategy. Through leveraging our long-standing relationships with our supply chain partners and streamlining our management systems, we have been able to keep production flowing, while many other companies are experiencing disruptions. In an era of raw material shortages often resulting in delayed or missed sales, our Company has been able to meet our customers' needs and keep orders filled."

Mr. Dornau concluded, "We are hopeful that the boating season breaks early. Good weather coupled with an increase in the number of recreational boaters should bode well for a continued strong pace of incoming sales orders."

About Ocean Bio-Chem, Inc.

Ocean Bio-Chem, Inc. manufactures, markets and distributes a broad line of appearance and maintenance products for the marine, automotive, power sports, recreational vehicle and outdoor power equipment markets under the Star brite^®, Star Tron^®, Performacide^®  and Odor Star^® within the United States 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.