Latest Brownie’s Products Displayed at 14 West Marine Locations
FORT LAUDERDALE, Fla., July 7, 2011 /PRNewswire/ — Brownie’s Marine Group, Inc. (OTCBB: BWMG), a leading developer, manufacturer and distributer of highly specialized dive products, announced today that the Company has begun the process of fulfilling purchase orders for display and inventory of the Company’s traditional world-class family-dive systems and the Patent-Pending “VS” battery-powered Hookah. The orders were received from Brownie’s top dealers, including West Marine, Divers-Direct and Yacht diver, some of the nation’s largest specialty retailers of marine supplies and accessories. In addition, the Brownie’s selection of products will be prominently displayed in 14 of West Marine’s key locations.
The fulfillment of these orders marks the retail launch of the Company’s Battery-Powered Hookah (VS/Variable Speed) System, the world’s first high-performance and easy to use Battery-Powered dive system with more than twice the depth and run-time performance of the foreign competitors. “I am encouraged by our recent sales order trend with our top-level dealers, and feel that our efforts to strengthen our dealer program have provided us with the opportunity to introduce our VS System to a much broader consumer base,” stated Robert Carmichael, Chairman and CEO of Brownie’s Marine Group. “We believe that the battery-powered devices are considerably more appealing to the average consumer, and are confident that the VS System will receive positive feedback from the dive community.”
Initial deliveries have been made on these orders and Brownie’s expects to continue shipments without delay, achieving the Company’s primary goal of decreased delivery time. “I am proud to say that Brownie’s is making significant advances towards accomplishing some of our principal business goals,” Carmichael went on to say. “The previously announced working capital is beginning to lower our cost of sales, and ultimately decrease delivery times on our orders. Reduction in our delivery time jump-starts the steady stream of revenue needed to continue developing, creating and providing the most cutting-edge dive products available.”
About Brownie’s Marine Group, Inc.
Brownie’s Marine Group, Inc. and its wholly owned subsidiary, Trebor Industries, Inc., d/b/a Brownie’s Third Lung, based in Fort Lauderdale, Florida designs, tests, manufactures and distributes recreational hookah diving, yacht based scuba air compressor and Nitrox Generation Systems, and scuba and water safety products. The Company sells its products both on a wholesale and retail basis and is comprised of three highly specialized dive product groups.
The Company is an industry leading manufacturing and distribution company that serves middle income boat owners, higher income yacht owners, recreational divers, military operators and public safety personnel. The Company holds more than ten patents and enjoys a robust product development and intellectual property program that has yielded several proprietary products. Many of these products and innovations have become the “standard” for the marine industry. The Company is known for its meticulous devotion to detail, high quality production and design ingenuity. In the boating and diving community, Brownie’s is known as the market leader when it comes to surface supplied “Third Lung” dive systems and Scuba Tankfill Systems for yacht-based diving. Brownie’s products and support service divers at all levels of the underwater world, from shallow-water dive systems to deep-water mixed gas support systems for exploration divers and submariners.
In 2010, Brownie’s introduced the first in a series of patent-pending Variable Speed Battery Powered Third Lung (hookah diving) devices engineered to conserve energy while delivering performance to the diver up to 3-times that of the nearest competitor.
For more about Brownie’s 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 about 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 of future revenues, the level of market acceptance of our variable speed dive systems and other new technologies, the 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, 2010. 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.
Chairman and CEO
Brownie’s Marine Group
954-462-5570, ext. 202
SOURCE Brownie’s Marine Group, Inc.