Marine Products Corporation Announces Stock Buy-Back Program

Apr 25, 2001, 01:00 ET from Marine Products Corporation

    ATLANTA, April 25 /PRNewswire/ -- Marine Products Corporation (Amex:   MPX)
 today announced a program of open market repurchases of up to 1 million shares
 of common stock.  The timing of the purchases and the exact number of shares
 to be purchased will depend on future market conditions.
     Marine Products became a public company on February 28, 2001, the result
 of a tax-free spin-off from RPC Inc. (NYSE:   RES).  Its wholly owned subsidiary
 Chaparral Boats, Inc. (www.chaparralboats.com ), is the third largest domestic
 manufacturer of sterndrive fiberglass recreational boats.  The company designs
 and produces a comprehensive range of boats from 18 to 35 feet in length,
 including Signature cruisers, SSi sport boats, and Sunesta deck boats.
 Chaparral is recognized as one of the leading boatbuilders in the United
 States as evidenced by twenty-two Powerboat Magazine awards for product
 excellence since 1981, including eight coveted boat of the year titles.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X92851982
 
 

SOURCE Marine Products Corporation
    ATLANTA, April 25 /PRNewswire/ -- Marine Products Corporation (Amex:   MPX)
 today announced a program of open market repurchases of up to 1 million shares
 of common stock.  The timing of the purchases and the exact number of shares
 to be purchased will depend on future market conditions.
     Marine Products became a public company on February 28, 2001, the result
 of a tax-free spin-off from RPC Inc. (NYSE:   RES).  Its wholly owned subsidiary
 Chaparral Boats, Inc. (www.chaparralboats.com ), is the third largest domestic
 manufacturer of sterndrive fiberglass recreational boats.  The company designs
 and produces a comprehensive range of boats from 18 to 35 feet in length,
 including Signature cruisers, SSi sport boats, and Sunesta deck boats.
 Chaparral is recognized as one of the leading boatbuilders in the United
 States as evidenced by twenty-two Powerboat Magazine awards for product
 excellence since 1981, including eight coveted boat of the year titles.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X92851982
 
 SOURCE  Marine Products Corporation