DALLAS, March 29, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Ocean Bio-Chem Inc. (Nasdaq:OBCI). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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Ocean Bio-Chem Inc. (OBCI) engages in the manufacturing, marketing and distribution of a full line of maintenance and care products for marine, automobile, motorcycle, power sports, outdoor power equipment, RV, agriculture, hardware, lawn & garden and OEMs. Its products are sold under the Starbrite, StarTron, Sea Safe, Sta-Put, Extend-a-Brush and Nos Guard names, as well as private label brands. The Company posted net sales of approximately $27.4 million for the year ended December 31, 2010, marking its second consecutive year of record net sales.
OBCI was founded in 1973 and is based in Fort Lauderdale, Florida. Its manufacturing and distribution facility is located in Montgomery, Alabama.
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In the report, the analyst notes:
"OBCI closed higher Monday as it posted record net income for the year, as well as its second consecutive year of record net sales. OBCI president and CEO Peter Dornau said the Company has been successful in continuing to increase sales in marine markets as well as expanding sales in new and newer markets.
"For the first two months of 2011, Dornau said the Company saw an increase in business activity, resulting in a 30% rise in gross sales. This is a good indicator that 2011 will be another strong year for the Company."
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