Brownie's Marine Group Enters Into Strategic Agreement With Triton Submarines, LLC
FORT LAUDERDALE, Fla., Oct. 25, 2012 (GLOBE NEWSWIRE) -- Brownie's Marine Group, Inc. (OTCBB:BWMG), a leading developer, manufacturer and distributor of highly specialized dive and safety products, today announced it had entered into a strategic agreement with Triton Submarines, LLC ("Triton") whereby both parties have agreed to actively promote each other's product lines in addition to their own products, thereby earning referral fees on the value of the incremental revenues generated
Triton Submarines, LLC was established in 2007 to manufacture manned submersibles designed exclusively for yacht based deployment. Triton has since emerged as a global leader in deep diving submersible engineering, design, and manufacturing.
Robert Carmichael, Brownie's CEO stated, "We are delighted and honored to be working with a such a prestigious company and respected industry leader such as Triton Submarines. We have been working with Triton on a limited number of products for a couple of years now. This agreement expands our scope to their entire product line and vice versa. Triton embodies everything that Brownie's stands for and have worked hard to build over the years – innovation and development of the best products our industry has to offer. This is an excellent opportunity to expand Brownie's revenue streams and further improve 2012 operating results which show a substantial improvement over 2011 results."
Products from Brownie's Marine Group and the Triton Submarine will be on display at Fort Lauderdale International Boat Show which opens today and run till October 29 2012. For details on location, please visit Brownie's Marine Group's blog at http://www.browniesmarinegroup.com/blog/
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 2011, 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.
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.
For more about Brownie's, www.browniesmarinegroup.com.
Robert Manuel Carmichael
Brownie's Marine Group
954-462-5570 x 202
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