2013-02-25 16:18:30 -
FORT LAUDERDALE, FL -- (Marketwire) -- 02/25/13 -- 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 the U.S. Environmental Protection Agency approval of Ocean Bio-Chem's new product, Xtrem-A-Cide P®, a broad-spectrum disinfectant that is approved for use as a sanitizer, virucide, tuberculocide, fungicide, algaecide, slimicide and deodorizer.
This new product is an extension of Star brite's OdorStar line of NosGuard® mold and mildew products.
"Xtrem-A-Cide P® utilizes Ocean Bio-Chem's patented technology to generate a chlorine dioxide solution which can be applied as a deep-penetrating spray for easy application," said Peter Dornau, CEO.
Chlorine dioxide is a proven disinfectant and deodorizing agent. It is widely used in municipal water treatment operations, in toothpaste, mouthwashes, and to eliminate bedbugs in hotels. Chlorine dioxide was also the agent used to remediate buildings contaminated in 2001 by Anthrax bacteria and more recently was used to eliminate mold from homes and buildings in New Orleans and the surrounding area that were flooded during Hurricane Katrina.
"The applications and markets for this new product are immense, ranging from home use to hospitals, cruise ships, hotels and other hospitality facilities, gyms, rest rooms, arenas, food processing operations, schools and other facilities," Mr. Dornau explained.
When used as directed, Xtrem-A-Cide P® has been approved for surface eradication of Staphylococcus aureus (MRSA), salmonella, HIV1, Hepatitis A, Herpes Simplex-2, Influenza-A, Rhinovirus Type 37, E-Coli and many more viruses and fungi. While extremely powerful, the new product is designed to be easily applied with a minimum of training.
Xtrem-A-Cide P® will be manufactured in Star brite's 300,000 square foot manufacturing and distribution facility in Montgomery, Alabama, in a recently constructed state-of-the-art "clean room" where the Company is currently manufacturing other chlorine dioxide products designed for marine, RV and automotive use.
"We are enthusiastic about the potential future revenues and profits this product can generate. The addition of Xtrem-A-Cide P® will position Ocean Bio-Chem to continue its rapid expansion into many additional new markets," Mr. Dornau concluded.
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.
The Company's web sites are: www.oceanbiochem.com : www.oceanbiochem.com/
, www.starbrite.com : www.starbrite.com/
and www.startron.com : www.startron.com/
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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