Ocean Bio-Chem Named One of Only 13 Stocks With a Combination of Both Value and Momentum by Top Investor Publication
FORT LAUDERDALE, FL–(Marketwired – Jul 18, 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 it has been named one of only 13 “First Cut” exchange-listed stocks because of its combination of both value and momentum.
The listing is in the July 2013 edition of the American Association of Individual Investors (AAII) II publication, the AAII Journal.
“‘First Cut’ combines both growth and value approaches along with good track records to find stocks with a high expected return and even lower expected volatility,” according to AAII. “The process examined 4,953 U.S. exchange-listed stocks using AAII unique screening software. Ocean Bio-Chem is in the selected group of only 13 companies out of 4,953 companies that made the ‘FIRST CUT.'”
“Mixing growth and momentum strategies offers investors the potential for higher risk-adjusted returns and helps avoid undervalued stocks without catalysts and high-flying stocks unsupported by their fundamentals,” according to the article written by the President of AAII.
Ocean Bio-Chem also was recently cited by Grants Interest Rate Observer as one of only three micro-cap stocks worth investors’ consideration.
“We are pleased by this recognition and believe both our shareholders and potential investors will take a careful look at our accomplishments,” said Ocean Bio-Chem, Inc. CEO Peter Dornau.
About Ocean Bio-Chem
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. It manufactures its products in a 300,000 s.f facility in Montgomery, Alabama, from which they are distributed across the globe.
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