(Dallas, TX. – October 18, 2011) StockGuru Shines its Spotlight on Brownie’s Marine Group, Inc. (OTCBB: BWMG), a leading developer, manufacturer and distributor of highly specialized dive and safety products. The Company announced yesterday that it had entered into joint venture arrangement with Pompano Dive Center (“PDC”) in Pompano Beach, Florida. The Company closed down 25% on October 17, 2011, closing at $0.0060, with a market cap of $169,704.
The joint venture will place Brownie’s unique and highly innovative dive systems in one of the most active boating and diving communities in the country. The Pompano Dive Center will also act as a training and demonstration site for Brownie’s products; PDC also offers complete SCUBAPRO and HALCYON product display and service. Alongside the retail store, PDC owns and operates several dive boats in Pompano Beach, Florida at the Sands Harbor Marina on the Intracoastal Waterway at the intersection with Atlantic Boulevard and within view of the beach. A classroom for training divers on Brownie’s dive systems enhances the value of the PDC joint venture for Brownies and diving enthusiasts.
Robert Carmichael, CEO, stated: “We are enthusiastic about the potential of adding another great exposure point and the first full-time experience center to our vertically integrated plan. The new battery powered ‘VS’ dive system is causing many boating enthusiasts to embrace hookah diving as their primary dive method. The outstanding performance and convenience of the VS dive system is making hookah diving mainstream. We believe that the VS will provide a boost to the more mature SCUBA industry by bringing in new divers. The relationship with PDC will provide in-water instruction and demonstration dives. The adage ‘OTIWATO’ (One Test Is Worth a Thousand Opinions) rings particularly true as we witness snorkelers and veteran scuba divers alike, return from their first VS experience, they are amazed at the sensation of minimal gear, incredible performance, and great mobility.”
Mr. Carmichael continued: “To further increase our sales force skill, the Pompano Dive Center will serve as the training and demonstration site for Brownie’s Marine Group dealers and distributors globally. Here we will invite new and current dealers to test our groundbreaking technology as we shape the new sports category of recreational hookah diving. In a sense, this is a coming home for Brownies. Brownie’s originated as a company in Pompano Beach in 1969. It is fitting that a new chapter for our company begins here.”
Jeremy Jarosky, Pompano Dive Center CEO stated: “I would like to echo Robert’s enthusiasm, as we have long admired the commitment to quality at Brownies Marine Group. We are proud to be a part of the Brownie’s Team and look forward to adding significant visibility to diving and the underwater world and making it more accessible to everyone.”
About Pompano Dive Center
Centrally located in the Sands Harbor Marina on the Intracoastal Waterway, Pompano Dive Center is a marquee location on Florida’s southeastern coast serving free-divers, traditional scuba and tech divers seven days a week. The Pompano Dive Center philosophy is one of maximum diving freedom and adventure within the bounds of safety and consideration for the marine environment. PDC puts a high value on every customer and is committed to producing the ultimate diving experience. http://www.pompanodivecenter.com/
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.
Except for statements of historical fact, the matters discussed in this press release are forward-looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “future,” “plan” or “planned,” “expects,” or “projected.” These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company’s control that may cause actual results to differ materially from stated expectations. These risk factors include, among others, limited operating history, difficulty in identifying and marketing products, intense competition and additional risks factors as discussed in reports filed by the company with the Securities and Exchange Commission, which are available at http://www.sec.gov.
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