Exhibit 99
FOR IMMEDIATE RELEASE
Marine Products Corporation Announces 20 Percent Increase in Quarterly Dividend and
Plans to Announce Fourth Quarter and Annual 2006 Financial Results and
Host a Conference Call on February 7, 2007
ATLANTA, January 24, 2007 -- Marine Products Corporation (NYSE: MPX) Board of Directors declared an increased quarterly cash dividend of $0.06 per share payable March 12, 2007 to common shareholders of record at the close of business on February 12, 2007.
Marine Products also announced today that it will release its financial results for the fourth quarter and twelve months ended December 31, 2006 on Wednesday, February 7, 2007 before the market opens. In conjunction with its earnings release, the Company will host a conference call to review the Company’s financial and operating results on Wednesday, February 7, 2007 at 8 a.m. Eastern Time.
Individuals wishing to participate in the conference call should dial (866) 864-9123 or (706) 679-5285 for international callers. For interested individuals unable to join the call, a replay will be available until midnight on February 14, 2007 by dialing (800) 642-1687 or (706) 645-9291, conference ID 6728100. This call also will be broadcast and archived on the company’s investor Web site at http://www.marineproductscorp.com. Interested parties are encouraged to click on the webcast link 10-15 minutes prior to the start of the conference call.
Marine Products is a leading manufacturer of fiberglass boats, including Chaparral pleasure boats and Robalo sport fishing boats. Marine Products Corporation’s investor Web site can be found on the Internet at www.marineproductscorp.com.
For information about Marine Products Corporation and/or this event, please contact:
Ben Palmer
Chief Financial Officer
404.321.7910
irdept@marineproductscorp.com
Jim Landers
Corporate Finance
404.321.2162
jlanders@marineproductscorp.com
