Exhibit 20
FOR IMMEDIATE RELEASE
Marine Products Corporation Reports Stock Buyback
ATLANTA, April 10, 2003 — Marine Products Corporation (Amex: MPX - News) today reported that during its fiscal quarter ended March 31, 2003 it had purchased for cash on the open market, and retired, a total of 101,990 shares of its $0.10 par value common stock. The stock buyback program authorizes the repurchase of up to one million shares.
Marine Products Corporation (AMEX: MPX) designs, manufactures and distributes premium-branded Chaparral sterndrive pleasure boats and Robalo outboard offshore fishing boats, and continues to diversify its product line through product innovation and strategic acquisition. With premium brands and a solid capital structure, 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 www.marineproductscorp.com.
For information contact: |
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BEN M. PALMER |
| JIM LANDERS |
Chief Financial Officer |
| Corporate Finance |
404.321.7910 |
| 404.321.2162 |
irdept@marineproductscorp.com |
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