<PAGE>
                                   FORM 10-QSB

                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
        OF THE SECURITIES EXCHANGE ACT OF 1934

 For the quarterly period ended                          Commission file
        September 30, 2001                                Number 0-26150


                         MILE MARKER INTERNATIONAL, INC.
      ---------------------------------------------------------------------
      (Exact Name Of Small Business Registrant As Specified In Its Charter)

      FLORIDA                                                 11-2128469
------------------                                            ----------
(State or other                                              (IRS Employer
jurisdiction of                                              Identification
incorporation)                                                   Number)

               1450 S.W. 13th Court, Pompano Beach, Florida 33069
               --------------------------------------------------
                    (Address of principal executive offices)

                  Registrant's Telephone Number: (954) 782-0604


      Indicate by check mark whether the Registrant (1) has filed all documents
and reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or such shorter period that
the Registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.

 Yes [X]  No [ ]


                         APPLICABLE ONLY TO CORPORATE ISSUERS

         On September 30, 2001, the Registrant had outstanding 10,634,357 shares
of common stock, $.001 par value.


<PAGE>

                            MILE MARKER INTERNATIONAL, INC.

                             FORWARD-LOOKING STATEMENTS

When used in this Quarterly Report on Form 10-QSB or in future filings by the
Company (as hereinafter defined) with the Securities and Exchange Commission, in
the Company's press releases or other public or shareholder communications, or
in oral statements made with the approval of an authorized executive officer,
the words or phrases "will likely result," "are expected to," "will continue,"
"is anticipated," "estimate," "project," or similar expressions are intended to
identify "forward-looking statements." The Company wishes to caution readers not
to place undue reliance on any such forward-looking statements, which speak as
of the date made, and to advise readers that various factors, including regional
and national economic conditions, substantial changes in levels of market
interest rates, credit and other risks of manufacturing, distributing or
marketing activities, and competitive and regulatory factors could affect the
company's financial performance and could cause the Company's actual results for
future periods to differ materially from those anticipated by any
forward-looking statements.

The Company does not undertake and specifically disclaims any obligation to
update any forward-looking statements to reflect the occurrence of anticipated
or unanticipated events or circumstances after the date of such statements.



                                     - 2 -
<PAGE>
                              MILE MARKER INTERNATIONAL, INC.

                                      INDEX

                                                                       Page No.

No.
PART I   FINANCIAL INFORMATION

Item 1.  Financial Statements

         Consolidated Balance Sheets, September 30, 2001 and
         December 31, 2000  ............................................   4

         Consolidated Statements of Income, Three months ended
         September 30, 2001 and September 30, 2000   ...................   5

         Consolidated Statements of Income, Nine months ended
         September 30, 2001 and September 30, 2000  ....................   6

         Consolidated Statements of Cash Flows, Nine months ended
         September 30, 2001 and September 30, 2000  ....................   7

          Notes to Consolidated Financial Statements ...................   8

Item  2.  Management's Discussion and Analysis or Plan of Operation ....9-10


PART II   OTHER INFORMATION

Item 1.   Legal Proceedings ............................................  11

Item 2.   Changes in Securities ........................................  11

Item 3.   Defaults Upon Senior Securities ..............................  11

Item 4.   Submission of Matters to a Vote of Security Holders ..........  11

Item 5.   Other Information ............................................  11

Item 6.   Exhibits and Reports on Form 8-K .............................  12


SIGNATURES .............................................................  13




                                     - 3 -
<PAGE>

                 MILE MARKER INTERNATIONAL, INC. AND SUBSIDIARY
                           Consolidated Balance Sheets
                                    UNAUDITED

<TABLE>
<CAPTION>

                                                                September 30,       December 31,
                                                                    2001                 2000
                                                                -------------       ------------
<S>                                                              <C>                 <C>
ASSETS
CURRENT ASSETS
  Cash                                                           $  112,263          $   27,191
  Accounts Receivable, net of allowance for doubtful
    accounts of $37,000 and $ 25,000, respectively                2,243,480           1,344,322
  Inventories                                                     3,147,458           2,249,961
  Notes and Other Receivables                                       192,217              11,893
  Deferred Tax Asset                                                 69,048              63,993
  Prepaid Expenses                                                   14,609              13,818
                                                                 ----------          ----------
      Total Current Assets                                        5,779,075           3,711,178

PROPERTY AND EQUIPMENT, NET                                         440,387             258,987

OTHER ASSETS                                                        120,030             142,710
                                                                 ----------          ----------
        TOTAL ASSETS                                              6,339,492           4,112,875
                                                                 ==========          ==========
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
  Notes Payable - Line of Credit                                  2,169,110           1,693,885
  Notes Payable - Current Portion                                    20,592                  --
  Accounts Payable                                                  898,478             533,038
  Income Taxes Payable                                              413,776              29,874
  Accrued Liabilities                                                54,039              40,757
                                                                 ----------          ----------
      TOTAL CURRENT LIABILITIES                                   3,555,995           2,297,554

DEFERRED TAX CREDIT                                                  37,411              11,143

LONG-TERM DEBT
  Other Notes Payable                                                93,776                  --
                                                                 ----------          ----------
      TOTAL LIABILITIES                                           3,687,182           2,308,697
                                                                 ==========          ==========
SHAREHOLDERS' EQUITY
Common Stock, $.001 par value; 20,000,000 shares
   authorized, 10,634,357 shares issued and outstanding
   in 2001 and 2000, respectively                                    10,634              10,634
Additional Paid-in Capital                                        1,521,215           1,521,215
Retained Earnings                                                 1,120,461             272,329
                                                                 ----------          ----------
      TOTAL SHAREHOLDERS' EQUITY                                  2,652,310           1,804,178
                                                                 ----------          ----------
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY                         $6,339,492          $4,112,875
                                                                 ==========          ==========

</TABLE>

The accompanying Notes are an integral part of these financial statements.





                                     - 4 -
<PAGE>

                 MILE MARKER INTERNATIONAL, INC. AND SUBSIDIARY
                        Consolidated Statements of Income
                 Three Months Ended September 30, 2001 and 2000
                                    UNAUDITED

<Table>
<Caption>
                                                              2001                   2000
                                                          ------------           ------------
<S>                                                      <C>                    <C>
SALES                                                    $  3,086,174           $  1,275,855
COST OF SALES                                               1,478,928                748,036
                                                         ------------           ------------
              GROSS PROFIT                                  1,607,246                527,819

SELLING EXPENSES                                              256,334                116,462

GENERAL AND ADMINISTRATIVE EXPENSES
   Salaries and Wages                                         348,307                121,162
   Professional Fees                                           58,878                 37,390
   Rent                                                        44,059                 27,019
   Depreciation and Amortization                               33,063                 27,709
   Insurance                                                   25,932                 13,999
   Vehicle Expenses                                            18,274                  7,743
   Research & Development                                       7,118                  2,910
   Other                                                       60,591                 38,025
                                                         ------------           ------------
      Total General and Administrative Expenses               596,222                275,957
                                                         ------------           ------------
              Total Expenses                                  852,556                392,419
                                                         ------------           ------------

INCOME FROM OPERATIONS                                        754,690                135,400
                                                         ------------           ------------
OTHER INCOME/(EXPENSE)
    Interest Expense                                          (37,129)               (30,131)
    Other Income                                               17,383                     --
                                                         ------------           ------------
                Total Other Income/(Expense)                  (19,746)               (30,131)
                                                         ------------           ------------

Income before Provision for Income Taxes                      734,944                105,269

Provision for Income Taxes                                   (275,260)               (82,393)
                                                         ------------           ------------
      NET INCOME                                         $    459,684           $     22,876
                                                         ============           ============


PER SHARE DATA:

   Weighted Average Shares Outstanding:                    10,634,357             10,634,357

  INCOME PER COMMON SHARE - BASIC AND DILUTED            $       0.04           $       0.00

</TABLE>



The accompanying Notes are an integral part of these financial statements.



                                     - 5 -
<PAGE>
                 MILE MARKER INTERNATIONAL, INC. AND SUBSIDIARY
                        Consolidated Statements of Income
                  Nine Months Ended September 30, 2001 and 2000
                                    UNAUDITED

<TABLE>
<CAPTION>

                                                             2001                   2000
                                                         ------------           ------------
<S>                                                      <C>                    <C>
SALES                                                    $  7,710,854           $  4,340,486
COST OF SALES                                               4,041,730              2,415,450
                                                         ------------           ------------
              GROSS PROFIT                                  3,669,124              1,925,036

SELLING EXPENSES                                              685,389                386,374

GENERAL AND ADMINISTRATIVE EXPENSES

   Salaries and Wages                                         809,652                385,571
   Professional Fees                                          167,091                134,040
   Rent                                                       110,386                 66,014
   Depreciation and Amortization                               90,164                 80,632
   Insurance                                                   51,312                 40,465
   Vehicle Expenses                                            38,588                 25,019
   Research & Development                                      44,163                  7,453
   Other                                                      174,023                115,577
                                                         ------------           ------------
      Total General and Administrative Expenses             1,485,379                854,771
                                                         ------------           ------------
              Total Expenses                                2,170,768              1,241,145
                                                         ------------           ------------
INCOME FROM OPERATIONS                                      1,498,356                683,891
                                                         ------------           ------------

OTHER INCOME/(EXPENSE)

    Interest Expense                                         (118,986)               (98,713)
    Other Income                                               17,383                     --
    Other Expense                                                  --                (10,985)
                                                         ------------           ------------
                Total Other Income/(Expense)                 (101,603)              (109,698)
                                                         ------------           ------------

Income before Provision for Income Taxes                    1,396,753                574,193

Provision for Income Taxes                                   (548,621)              (246,153)
                                                         ------------           ------------
      NET INCOME                                         $    848,132           $    328,040
                                                         ============           ============

PER SHARE DATA:

   Weighted Average Shares Outstanding:                    10,634,357             10,669,357

  INCOME PER COMMON SHARE - BASIC AND DILUTED            $       0.08           $       0.03

</TABLE>



The accompanying Notes are an integral part of these financial statements.






                                     - 6 -
<PAGE>

                 MILE MARKER INTERNATIONAL, INC. AND SUBSIDIARY
                      Consolidated Statements of Cash Flows
                  Nine Months Ended September 30, 2001 and 2000
                                    UNAUDITED

<TABLE>
<CAPTION>

                                                              2001                2000
                                                            ---------           ---------
<S>                                                         <C>                 <C>
OPERATING ACTIVITIES:
Net income                                                  $ 848,132           $ 328,040
Adjustments to reconcile net income to net cash
(used) by operating activities:
  Depreciation and amortization                               105,652              84,151
  Deferred income taxes                                        21,215              86,470
  Bad debt provisions                                          39,442              13,227
Changes in operating assets and liabilities:
(Increase) decrease in:
    Accounts receivable                                      (938,600)           (227,148)
    Inventories                                              (897,497)           (551,605)
    Other receivables                                        (180,324)              1,400
    Prepaid expenses                                             (791)             (7,517)
    Other assets                                               (8,821)            (34,434)
(Decrease) increase in:
    Accounts payable                                          365,440             137,594
    Income taxes payable                                      383,902              82,558
    Accrued liabilities                                        13,282             (16,247)
                                                            ---------           ---------
Net cash (used) by operating activities                      (248,968)           (103,511)

INVESTING ACTIVITIES:

Capital equipment acquisitions                               (255,553)           (148,828)
                                                            ---------           ---------
Net cash (used) in investing activities                      (255,553)           (148,828)

FINANCING ACTIVITIES:

Proceeds from (repayment of) short term borrowing             470,055             150,876
Purchase and retirement of treasury shares                         --             (25,000)
Repayment of shareholder loans                                     --             (45,000)
Proceeds from long term borrowing                             119,538                  --
                                                            ---------           ---------
Net cash provided/(used) by financing activities              589,593              80,876


INCREASE (DECREASE) IN CASH                                    85,072            (171,463)

CASH AT BEGINNING OF PERIOD                                    27,191             187,830
                                                            ---------           ---------
CASH AT END OF PERIOD                                       $ 112,263           $  16,367
                                                            =========           =========

SUPPLEMENTARY DISCLOSURE OF CASH FLOW INFORMATION:

    Cash paid during the period for Interest                $ 118,988           $ 115,471
    Cash paid during the period for Income Taxes            $ 143,505           $  77,125

</TABLE>

The accompanying Notes are an integral part of these financial statements.




                                     - 7 -
<PAGE>
                         MILE MARKER INTERNATIONAL, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

NOTE 1: BASIS OF PRESENTATION

         The unaudited consolidated financial statements include the accounts of
Mile Marker International, Inc. and its wholly-owned subsidiary, MileMarker,
Inc. (collectively "the Company"). All necessary adjustments to the financial
statements have been made, and significant inter-company accounts and
transactions have been eliminated in consolidation.

         The accompanying unaudited consolidated financial statements, which are
for interim periods, do not include all disclosures provided in the annual
consolidated financial statements. These unaudited consolidated financial
statements should be read in conjunction with the consolidated financial
statements and the footnotes thereto contained in the Annual Report on Form
10-KSB for the year ended December 31, 2000 of Mile Marker International, Inc.,
as filed with the Securities and Exchange Commission. The summary December 31,
2000, balance sheet was derived from audited consolidated financial statements,
but does not include all disclosures required by generally accepted accounting
principles at December 31, 2000.

         In the opinion of the Company, the accompanying unaudited consolidated
financial statements contain all adjustments (which are of a normal recurring
nature) necessary for a fair presentation of the financial statements. The
results for interim periods are not necessarily indicative of results to be
expected for the complete fiscal year.

         Per share data was computed by dividing net income by the weighted
average number of shares outstanding during the period. The diluted share base
for the periods ended September 30, 2001, and September 30, 2000, excludes
incremental shares related to stock options since their effect was
anti-dilutive.

NOTE 2: RECLASSIFICATION

         Certain amounts in prior periods have been reclassified for comparative
purposes.





                                     - 8 -
<PAGE>

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

         The following discussion and analysis should be read in conjunction
with the Financial Statements appearing elsewhere in this quarterly report on
Form 10-QSB.

RESULTS OF OPERATIONS

           The following table summarizes the results of operations, stated as a
percentage of sales, for the nine months and three months ended September 30,
2001, and 2000:

<TABLE>
<CAPTION>

                                           Nine Months                      Three Months
                                     --------------------               --------------------
                                     2001           2000                2001           2000
                                     -----          -----               -----           ----
<S>                                 <C>              <C>              <C>              <C>
Sales                               100.0%           100.0%           100.0%           100.0%
Cost of Sales                        52.4%            55.6%            47.9%            58.6%
                                    -----            -----            -----            -----
   Gross Profit                      47.6%            44.4%            52.1%            41.4%
Selling, General and
 Administrative Expenses             28.2%            28.6%            27.7%            30.8%
                                    -----            -----            -----            -----
Income from Operations               19.4%            15.8%            24.4%            10.6%
Other (Expense)/Income                0.2%            (0.3)%            0.6%            (0.0)%
Interest Expense                     (1.5)%           (2.3)%           (1.2)%           (2.4)%
                                    -----            -----            -----            -----
   Pre-Tax Income                    18.1%            13.2%            23.8%             8.2%
Income Taxes                         (7.1)%           (5.6)%           (8.9)%           (6.4)%
                                    -----            -----            -----            -----
   Net Income                        11.0%             7.6%            14.9%             1.8%
</TABLE>

        Sales of $7,710,854 for the nine months ended September 30, 2001, were
$3,370,368, or approximately 78%, more than the $4,340,486 of sales during the
same period in 2000. This sales increase was due primarily to $2,986,188 more
military winch sales and $228,561 more civilian winch sales in the first nine
months of 2001 than in the comparable period in 2000. In the three months ended
September 30, 2001, military winch sales were $2,142,762 greater than in the
same period in 2000, reflecting higher shipments of the Company's $3,568,968
military order received on January 25, 2001.

        The Company's gross profit margin increased from 44.4% of sales for the
nine months ended September 30, 2000 to 47.6% of sales in the comparable 2001
period primarily due to an increased volume of higher margin military winch
orders. The gross margin in the three months ended September 30, 2001 increased
to 52.1% from 41.4% in the comparable period in 2000 due to the increased volume
of higher margin military winch sales during this period. Selling costs
increased by $299,015 in the first nine months of 2001 to $685,389 from
$386,374, but remained at 8.9% of sales. The largest proportion of this increase
in selling costs was due to increases in sales commissions.

        General and administrative expenses for the nine months ended September
30, 2001, increased by $630,608, or about 74%, to $1,485,379 from $854,771 in
comparable period in 2000, but decreased as a proportion of sales from 19.7% to
19.3%. For the three months ended September 30, 2001, general and administrative
expenses increased by



                                     - 9 -
<PAGE>
$320,265, or approximately 116%, to $596,222 from $275,957 in the comparable
period in 2000. $424,081 of the nine month increase in general and
administrative expenses was due to higher employee compensation costs, both for
more employees and higher salaries. Rent expenses were $44,372 higher in 2001
compared to 2000, and research and development costs were $36,710 greater in
the first nine months of 2001 compared to 2000.

      In the first nine months of 2001, the Company recorded income from
operations of $1,498,356 compared to income from operations of $683,891 during
the same period in 2000. This increase of $814,465, or approximately 119%, is
the result of the 78% increase in sales in the first nine months of 2001
compared to the same period in 2000, along with improved profit margins.
Interest expenses were $118,986 in the first nine months of 2001, compared to
$98,713 in the first nine months of 2000, reflecting greater borrowings at lower
borrowing costs. In the first nine months of 2001, the Company earned other
income of $17,383 from interest and the sale of assets, while in the same period
in 2000, the Company incurred other expenses of $10,985 for licensing costs.

      During the nine months ended September 30, 2001, the Company earned income
before taxes of $1,396,753 compared to income before taxes of $574,193 during
the same period in 2000. In the three months ended September 30, 2001, the
Company's income before taxes was $734,944, compared to $105,269 during the
comparable period in 2000. The Company's net income after taxes for the first
nine months of 2001 was $848,132, compared to $328,040 in the same period in
2000. This net income represents income per share of $.08 for the first nine
months of 2001, compared to earnings per share of $0.03 for the first nine
months of 2000. In the three months ended September 30, 2001, the Company earned
$459,684, or $.04 in earnings per share, compared to $22,876, or less than $.01
during the same period in 2000

LIQUIDITY AND CAPITAL RESOURCES

         Net working capital increased by $809,456 to $2,223,080 on September
30, 2001, from $1,413,624 on December 31, 2000, and the Company's current ratio
increased to 1.63 at September 30, 2001, compared to 1.62 at December 31, 2000.
The Company's current assets increased by $2,067,897 to $5,779,075 at September
30, 2001, compared to $3,711,178 at December 31, 2000. Most of this increase was
due to higher accounts receivable, which increased by $1,079,482 from $1,356,215
on December 31, 2000 to $2,435,697 on September 30, 2001, and higher
inventories, which increased by $897,497 from $2,249,961 on December 31, 2000 to
$3,147,458 on September 30, 2001. Most of the increase in accounts receivable is
due from the U.S. Government on orders shipped under the Company's $3,568,968
military winch contract. To fund these increased current assets, the Company's
short-term borrowings under its line of credit increased by $475,225 from
December 31, 2000 levels, and its trade accounts payable increased by $365,440
during the same period. Income taxes payable also increased by $383,902 since
December 31, 2000 to a level of $413,776 at September 30, 2001.




                                     - 10 -
<PAGE>

        During the first nine months of 2001, the Company invested approximately
$255,000 in capital expenditures, primarily for tooling and vehicles. The
Company has no material commitments outstanding for major capital expenditures
during 2001.

         The Company funds its operations chiefly through the collection of its
trade receivables, supplemented with periodic short-term borrowings from a
lender. On January 31, 2001, the Company's lender increased the maximum amount
of the Company's working capital line of credit from $1,750,000 to $2,500,000,
extended its maturity date to February 28, 2002, and decreased the interest rate
on borrowings to 2.75% above the 30-Day Dealer Commercial Paper Rate. This
credit facility is secured by substantially all of the Company's assets and
contains certain affirmative, negative and financial covenants which, among
others, specify net worth and net cash flow requirements and the maintenance of
debt to tangible net worth coverage ratios.

PART II - OTHER INFORMATION
Item 1.  Legal Proceedings

From time to time, the Company is a party to business disputes arising in the
normal course of its business operations. The Company's management believes that
none of these actions, standing alone, or in the aggregate, currently are
material to the Company's operations or finances.

On March 4, 1999, the Company filed suit against Peterson Publishing and Warn
Industries, Inc. in Broward Circuit Court for defamation, civil conspiracy and
interference with business practices in connection with a November 1997
published test of its hydraulic winch and power source. In December of 2000, the
trial judge entered a summary judgment against the Company on its defamation
claim against Peterson, which the Company is appealing. The Company dismissed
its claims and exchanged releases with Warn Industries. The Company's management
is unable at this time to quantify the effects of this legal action upon the
Company's finances or its operations.

Item 2. Changes in Securities

        None.

Item 3. Defaults Upon Senior Securities

        None

Item 4. Submission of Matters to a Vote of Security Holders

        None

Item 5. Other Information

Effective July 1, 2001, Puritz & Weintraub, LLP, the Company's independent
auditors, merged with the Miami, Florida firm of Berenfeld, Spritzer, Shechter &
Sheer, Certified






                                     - 11 -
<PAGE>

Public Accountants. The resulting firm of Berenfeld, Spritzer, Shechter & Sheer,
Certified Public Accountants, will continue as the Company's independent
auditors.

Item 6. Exhibits and Reports On Form 8K

SEC Form 8-K was filed on October 2, 2001, by the Company announcing an increase
in the total value of its military winch order from $3,568,969 to $7,137,938 as
a result of the military exercising its option for 1404 additional winch/ bumper
assemblies.






                                     - 12 -
<PAGE>
                                   SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, duly authorized.

MILE MARKER INTERNATIONAL, INC.
------------------------------
        (Registrant)




             11-10-01                              /s/ Richard E. Aho
--------------------------------------        ---------------------------------
              (Date)                            Richard E. Aho, President and
                                                 Principal Accounting Officer






                                     - 13 -