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Ocean Bio Chem, Inc.: Ocean Bio Chem, Inc. Achieves Nasdaq Trading Compliance

^{Published on 2009-08-18 11:25:18 - Market Wire}
 

FORT LAUDERDALE, FL--(Marketwire - August 18, 2009) - Ocean Bio Chem, Inc. (NASDAQ: [ OBCI ]) reports that on August 14, 2009 the NASDAQ staff notified Ocean Bio Chem, Inc., in writing that its common stock has been at $1.00 per share for at least 10 consecutive business days. Accordingly, the Company has regained compliance with Listing Rule 5550(a) (2)

This notification closes the Nasdaq matter of non-compliance for maintaining a minimum bid price of $1.00 over the previous 30 consecutive business days, as required by the Listing Rules of The Nasdaq Stock Market.

Ocean Bio Chem - President and CEO Peter Dornau commented, "I am extremely pleased that we have achieved compliance to the Nasdaq trading rules. The Company is committed to increasing stakeholders value, as we continue to implement our strategic Marketing Plans."

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 SmallCap Symbol: OBCI. Websites: [ www.starbrite.com ], [ www.startron.com ], [ www.oceanbiochem.com ]

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.