Brownie’s Marine Group Begins Exclusive U.S. Distribution of the World’s First Lifejacket that Meets the New USGC and SOLAS Standards
FORT LAUDERDALE, Fla., Sept. 21 /PRNewswire/ — Brownie’s Marine Group, Inc. (OTC Bulletin Board: “BWMG.” www.browniesmarinegroup.com) today announced that its patented technology has now been integrated into the Kon Tiki Royal US “KTR-US“ lifejacket and has successfully met, and exceeded, standards codified in the new MSC 200 (80) SOLAS regulations. Of all the international conventions dealing with maritime safety, the most important is the International Convention for the Safety of Life at Sea, better known as SOLAS (http://www.imo.org/).
The new standards that went into full effect in July 2010, apply to life jackets stored on board many newly-built, charter, passenger and cruise ships in the world. The extensive tests on these lifejackets were carried out by Underwriter Laboratories of North Carolina, USA. Brownie’s Marine Group is the exclusive US distributor and patent holder for this broad reaching technology. The KTR-US exceeds the requirements of the previous regulations considerably in terms of buoyancy and turning power across a broader range of body types. Comfort and stowage dimensions were two additional critical considerations in the design and acceptability of the KTR-US.
Robert Carmichael, Brownie’s Chairman and CEO stated, “We are committed to developing products that keep people safe on the water. Our technological advances combined with the other feature advantages of the Kon Tiki Royal US design, are really a winner for the wearer. In addition to the regulated usage, we intend to aggressively promote this device into the leisure boating and yachting market as a smarter alternative to the minimum standard devices required for private boat owners. We believe that the current life jacket market in this category approximates a $25,000,000 industry. Having exclusive distribution rights for the first dual approved vest gives us a major competitive advantage and will be a key catalyst in our goal of returning to profitability.”
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. Brownies holds multiple U.S. patents in the field of diving and life safety products. 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, 2009. 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.
Contact: Robert Carmichael Information: Robert@Browniesmarinegroup.com Brownie's Marine Group, Inc. 954-562-5570 x-202
SOURCE Brownie’s Marine Group, Inc.