Summary of OCEAN BIO CHEM INC

Changes in Registrant's Certifying Accountant, Financial Statements and Exhibi

ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT

a) On August 20, 2008, the audit committee of the board of directors of Ocean Bio Chem. Inc., approved a change in the Company's independent registered public accounting firm. The audit committee approved the engagement of Kramer Weisman and Associates LLP, to serve as the Company's independent registered public accounting firm on August 21, 2008 and dismissed Berenfeld, Spritzer, Shechter & Sheer as of the same date.

The audit reports of Berenfeld, Spritzer, Shechter & Sheer on the Company's consolidated financial statements as of and for the years ended December 31, 2006 and 2007 did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles.

During the years ended December 31, 2006 and 2007 and through August 20, 2008, there were (i) no disagreements with Berenfeld, Spritzer, Shechter & Sheer on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, that if not resolved to the satisfaction of Berenfeld, Spritzer, Shechter & Sheer, would have caused it to make reference to the subject matter of such disagreements in its reports on the Company's financial statements for such periods and (ii) no reportable events (as defined in Item 304(a)( I )(v) of Regulation S-K).

The Company has provided Berenfeld, Spritzer, Shechter & Sheer with a copy of this report and requested that Berenfeld, Spritzer, Shechter & Sheer furnish it with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements made by the company herein and, if not, stating the respects in which it does not agree. The letter from Berenfeld, Spritzer, Shechter & Sheer to the Securities and Exchange Commission dated as of August 21, 2008 is attached as Exhibit 16.1 to this report.

b) The audit committee approved the engagement of Kramer Weisman and Associates LLP as Ocean Bio Chem. Inc.'s independent registered public accounting firm for the fiscal year ending December 31, 2008, and to perform procedures related to the financial statements to be included in of Ocean Bio Chem. Inc.'s quarterly report on Form l0-Q, beginning with, and including, the quarter ending September 30, 2008. During the two most recent fiscal years and through August 20, 2008, Ocean Bio Chem. Inc. did not consult with Kramer Weisman and Associates LLP regarding either (i) the application of accounting principles to any specific completed or proposed transaction, or the type of audit opinion that might be rendered on the company's financial statements, nor did Kramer Weisman and Associates LLP provide written or oral advice to the company that Kramer Weisman and Associates LLP concluded was an important factor considered by the company in reaching a decision as to the accounting, auditing or financial reporting issue or (ii) any matter that was either the subject of a disagreement (as defined in Item 304(a)( I )(iv) of Regulation S-K) or a reportable event (as defined in Item 304(a)(1)(v) of Regulation S-K). Kramer Weisman and Associates LLP has informed the company that it completed its prospective client acceptance process on August 21, 2008.