Ocean Bio-Chem, Inc. Says Federal Jury Denies False Advertising Claims

-- Important Legal Victory for Company

Mar 09, 2016, 13:30 ET from Ocean Bio-Chem, Inc.

FORT LAUDERDALE, Fla., March 9, 2016 /PRNewswire/ -- Ocean Bio-Chem, Inc. (NASDAQ: OBCI) is pleased to announce that in a lawsuit in the Federal Court, Southern District of Florida, a jury has found that Ocean Bio-Chem's subsidiary, Star brite, did not engage in false advertising concerning its flagship product, Star Tron - Enzyme Fuel Treatment.

Peter Dornau, Ocean Bio-Chem President and CEO stated, "We are pleased that in a jury trial, it was determined that our Star Tron advertising could withstand allegations that the claims it was making were false.  After three weeks of intensive testimony by Company personnel and expert witnesses, the jury determined that our fuel treatment meets the claims in our advertising.  The false advertising claim had been brought by a major competitor in the fuel treatment category."

Mr. Dornau concluded, "We have definitive test data and more confidence in our Star Tron efficacy claims than ever before.  This is an important outcome for both the Company and its investors."

About Ocean Bio-Chem, Inc.:

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 under the Star brite®, Star Tron®, Performacide® 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's Contacts:
Peter Dornau
CEO and President
pdornau@starbrite.com
954-587-6280

Jeff Barocas
Vice President & CFO
Jbarocas@starbrite.com
954-587-6280

Paul Knopick
E & E Communications
pknopick@eandecommunications.com 
940-262-3584

Web sites are: www.oceanbiochem.com, www.starbrite.com, www.startron.com, www.performacide.com and www.nos-guard.com.

Photo - http://photos.prnewswire.com/prnh/20160309/342329

 

SOURCE Ocean Bio-Chem, Inc.



RELATED LINKS

http://www.oceanbiochem.com