FORT LAUDERDALE, Fla., Feb. 13, 2017 /PRNewswire/ -- Ocean Bio-Chem, Inc. (NASDAQ: OBCI) announced today that its label amendment on PERFORMACIDE® Hard Surface Disinfectant has been accepted by the EPA, to include the additional usage sites of hydroponic and indoor horticulture operations, as well as infused product facilities. PERFORMACIDE®® Hard Surface Disinfectant EPA Reg. No. 87508-3 is a chlorine dioxide based mold & mildew eliminator that does not leave any residue on surfaces after it has dried.
Peter Dornau CEO of Ocean Bio-Chem, stated, "Mold and mildew is often a threat to crop yield, as well as the quality of the crop. With PERFORMACIDE® being both a U.S. EPA registered mold & mildew eliminator and also OMRI listed®, it is a perfect choice for these types of applications. Mr. Dornau went on to say that with the recent changes in many state laws involving hydroponic and infused product facilities, Ocean Bio-Chem is positioned to grow its chlorine dioxide based products in this growing market."
PERFORMACIDE® Hard Surface Disinfectant is currently distributed to over 1,500 indoor and outdoor garden and horticulture retailers by Sunlight Supply, Inc., with many of these retailers having internet sites. PERFORMACIDE®'s patented chlorine dioxide pouch system is also being marketed to commercial agriculture operations under private label brand names.
About OMRI Listed®:
OMRI listed® products may be used in certified organic production or food processing and handling according to the USDA National Organic Program Rule.
About Sunlight Supply Inc.:
Is a national distributor with 9 distribution centers supplying hydroponics, indoor and outdoor gardening needs to retailers across both the United States and Canada.
About Ocean Bio-Chem, Inc.:
Ocean Bio-Chem, Inc. manufactures, markets and distributes a broad line of appearance and maintenance products for the marine, automotive, power sports, recreational vehicle and outdoor power equipment markets under the Star brite®, Star Tron®, Odor Star®, Outdoor Collection and other brand names 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 also manufactures, markets and distributes a line of disinfectant, sanitizing and deodorizing products under the Star brite® and Performacide® brand names.
The Company trades publicly under NASDAQ Capital Markets, Ticker Symbol: OBCI.
Certain statements contained in this Press Release, including without limitation, our ability to continue to achieve favorable results in future quarters and the completion of our scheduled payments under the term loan related to our manufacturing operations constitute forward-looking statements. For this purpose, any statements contained in this report that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as "believe," "may," "will," "expect," "anticipate," "intend," or "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 actual results to be materially different from those 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 relating to changes in interest rates, foreign exchange rates, prices for raw materials that are petroleum or chemical based and other factors addressed in Part I, Item 1A ("Risk Factors") in our annual report on Form 10-K for the year ended December 31, 2015.
CEO & President
Vice President & CFO
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SOURCE Ocean Bio-Chem, Inc.