Brownie’s Marine Group Announces PWC Dive System Product Introduction
FORT LAUDERDALE, Fla., April 27 /PRNewswire-FirstCall/ — Brownie’s Marine Group, Inc. (OTC Bulletin Board: BWMG) today announced the launch of an exciting addition to its product line which is designed to dramatically expand Brownie’s retail presence throughout the recreational diving industry. May 1st 2010 will mark the unveiling of Brownie’s PWC Dive System at the 2010 South Florida PWC & Sport Boat Show, presented by RIVA Motorsports. Brownie’s Marine Group will introduce its state of the art Personal Watercraft Dive System. The PWC Dive System was designed to introduce the underwater world of adventure to a new and significantly expanded group of water sports enthusiasts. The PWC Dive Systems mount easily onto existing personal watercraft with two quick release pins and is compatible with a large majority of all PWC’s in service today.
According to Robert Carmichael, CEO of Brownies Marine Group, “Our revolutionary Brownies PWC dive system, along with Brownie’s Variable Speed (VS) Third Lung product should help us expand our marketshare by introducing the excitement of underwater exploration to a new group of customers which are existing water-sports enthusiasts. With Brownie’s PWC Dive System they can easily and comfortably dive & explore “under” the water! Brownie’s is focused on developing and marketing innovative products to open up underwater exploration to everyone.”
RIVA Motorsports has partnered with Brownies for distribution of the system to the PWC market. With a dealer network of over 1600 stores, RIVA is a leader in the personal watercraft and boating industry. “The Brownies PWC Dive System offers our customers another way to enjoy a day on the water and to explore the underwater world as well. We are excited to continue to develop our partnership with Brownies Marine Group and we know our customers will love their products”, commented Dave Bamdas, VP of RIVA Motorsports.
About Brownie’s Marine Group, Inc.
Brownie’s and its wholly owned subsidiary, Trebor Industries, Inc., d/b/a Brownie’s Third Lung, a Florida corporation, designs, tests, manufactures and distributes recreational hookah diving, yacht based scuba air compressor and Nitrox Generation Systems, and scuba and water safety products. Brownie’s Marine Group sells its products both on a wholesale and retail basis, and does so from its headquarters and manufacturing facility in Fort Lauderdale, Florida. For more corporate information, please visit www.browniesmarinegroup.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including our expectations regarding fourth quarter revenues, gross margins, and net income. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects” and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict.
Further information on the company’s risk factors is contained in our filings with the Securities and Exchange Commission, including the Form 10-K for the year ended December 31, 2008. Any forward-looking statement made by the company in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
SOURCE Brownie’s Marine Group, Inc.