Chaparral Wins Boating Magazine ‘Boat of the Year’ Award

December 3, 2008

ATLANTA, Dec. 3 /PRNewswire-FirstCall/ — Marine Products Corporation
(NYSE: MPX) today reported that its wholly owned subsidiary, Chaparral Boats,
Inc., has won the prestigious Boating Magazine’s “2008 Boat of the Year” Award
for the newly-introduced Chaparral 400 Premiere Sport Yacht.

Boating Magazine has named the Chaparral 400 Premiere the 2008 Boat of the
Year in the December issue. Boating’s Vice President, Editor-in-Chief Randy
commented, “No boat has exceeded our standards for breaking new ground
like the Chaparral 400. The Wide-Tech Bow and use of exotic finish materials
in the cabin’s interior design also sets this cruiser apart from the others.”
The editors also noted that the bow design adds room forward without
sacrificing the quality of the ride or without markedly affecting the speed or
handling, unlike other boats where the bow reduces the size of the cabin in
the forward section.

Boating’s “Boat of the Year” is chosen each year by the magazine’s Tech
Team based on performance, innovation, and value and is regarded as the most
prestigious award in the marine industry.

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 website at http://www.marineproductscorp.com.

    For information contact:
    JIM LANDERS                          SHARON LENNON
    V. P. Corporate Finance              Investor Relations
    404.321.2162                         Corporate Communications Manager
    jlanders@marineproductscorp.com      404.321.2172

SOURCE Marine Products Corporation

Source: newswire

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