Ocean Bio-Chem, Inc. Reports Record Net Sales Results for the Third Quarter and Nine Months 2011
(firmenpresse) - FORT LAUDERDALE, FL -- (Marketwire) -- 10/18/11 -- Ocean Bio-Chem, Inc. (NASDAQ: OBCI) reported today that for the nine months ended September 30th, 2011, record net sales were approximately $24,835,000 compared to net sales of $21,570,000 for the comparative 2010 period, an increase of $3,265,000 or 15%. Record net sales for the third quarter 2011, were up approximately 10% or $865,000, to approximately $9,884,000 compared to $9,019,000 for the comparative quarter of 2010.
Ocean Bio-Chem President and CEO Peter Dornau commented, "The performances in the third quarter and nine month period of 2011 are both record high net sales. Considering the continued soft US economy, the record sales results is a testimonial to the success of the Company's products in the market place, as well as the success of our marketing and sales initiatives. We are confident that as the US economy strengthens the Company is in an excellent position to capitalize on increased consumer spending."
Peter Dornau continued, "The third quarter financial statements have not been finalized but preliminary results show record net income and net income per share for both the third quarter and nine month periods ending September 30, 2011. The Company plans to report actual results in approximately three to four weeks."
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™ name. The Company trades publicly under NASDAQ: Ticker Symbol: OBCI.
The Company's web sites are: , and .
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 the Company or its subsidiaries and is meant purely for informational purposes.
Contact:
For additional information contact:
Peter Dornau
President and CEO
Ocean Bio-Chem, Inc.
(954) 587-6280
Jeff Barocas
Chief Financial Officer
Ocean Bio-Chem, Inc.
(954) 587-6280
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Datum: 18.10.2011 - 11:15 Uhr
Sprache: Deutsch
News-ID 1047210
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Motorcycles
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