Ocean Bio-Chem, Inc. Subsidiary Star brite® Wins Prestigious Award From National Marine Distributor Association
FORT LAUDERDALE, FL–(Marketwired – Jul 29, 2013) – 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 that its subsidiary, Star brite® Inc., was recently honored at the annual meeting of the National Marine Distributor Association (NMDA) as a finalist and a top three recipient of the Supplier of the Year Award for 2013.
The NMDA distinguishes a select number of companies who meet and exceed the standards and goals set by the NMDA Supplier of the Year committee. Star brite® was distinguished from over 80 of the top marine suppliers and vendors in the U.S.
The awards were presented at the NMDA’s annual Sales, Training, Education and Purchasing (S.T.E.P.) Conference in Rosemont, Illinois. Star brite® was one of three companies awarded in the top Gold Category. The wholesale distributor members of NMDA have voted annually since 1972 to recognize their top suppliers for overall excellence in supply chain management, marketing, packaging & shipping and customer service. All vendor companies receive ratings and evaluations from distributor customers to determine the award winners.
“Our whole company is quite excited to be recognized as one of the top companies for our excellence in sales, marketing, customer service and delivery of our products, by such a recognized trade group in the marine industry. This award firmly establishes us as a strong business partner and will give us the advantage needed as our customers continue to consolidate vendors allowing us the ability to increase our sales within our core marine industry,” said Greg Dornau Executive Vice President of Sales and Marketing.
About National Marine Distributor Association (NMDA)
NMDA is the leading trade association for U.S. and Canadian marine products distributors. Members include major distributors, many leading product manufacturers and manufacturer representatives. The National Marine Distributors Association supports the marine industry by promoting boating to consumers, promotion of wholesale distributors as the best way for manufactures to sell products and promotions to independent outlets.
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.
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