Last updated on April 16, 2014 at 17:34 EDT

Marine Products Corporation Announces Second Quarter 2012 Share Repurchases

July 2, 2012

ATLANTA, July 2, 2012 /PRNewswire/ — Marine Products Corporation (NYSE: MPX) announced today that during the second quarter of 2012 it purchased 54,835 shares under its share repurchase program.

Marine Products Corporation (NYSE: MPX) designs, manufactures and distributes premium-branded Chaparral sterndrive and inboard pleasure boats; Premiere Sport Yachts; and Robalo sport fishing boats, and continues to diversify its product line through product innovation and is prepared to consider strategic acquisition targets. With premium brands, a solid capital structure, and a strong independent dealer network, Marine Products Corporation is prepared to capitalize on opportunities to increase its market share and to generate superior financial performance to build long-term shareholder value. For more information on Marine Products Corporation visit our Web site at www.marineproductscorp.com.

For information contact:

Chief Financial Officer
(404) 321-7910

Vice President, Corporate Finance
(404) 321-2162

SOURCE Marine Products Corporation

Source: PR Newswire