[BornAgain]

Brownies Marine Group Company Wide Update

Davie, FL, June 19, 2025 (GLOBE NEWSWIRE) -- Brownie’s Marine Group, Inc. (OTCQB: BWMG), a leading developer, manufacturer and distributor of tankless dive equipment, best-in-class water scooters, and high-pressure air and industrial compressors in the marine industry, today announced results for the fiscal fourth quarter and twelve months ending December 31, 2024. Robert Carmichael, CEO of Brownie’s Marine Group, Inc. stated, “Although we are disappointed in the operating results, we are pleased with the product development and re-alignment of resources.

“Ongoing market challenges, a cautious retail and trade channel environment resulted in lower total sales and profitability than desired. We remain focused on our key strategic priorities and the changes necessary for near-term growth—investing in consumer-driven innovation, enhancing our go-to-market with novel solutions ethos, and improving operational efficiencies at the fundamental level,” said Robert Carmichael, Chairman and Chief Executive Officer.

Fundamental Changes:

Headquarters Facility: The Company relocated it south Florida headquarters from Pompano Beach to Davie, Florida just west of the Fort Lauderdale International Air and Sea Port. The 19,000+ Sq. Ft. facility is a free standing, corporate office and manufacturing facility. This climate-controlled facility supports efficient manufacturing, innovation, and future growth. The new layout includes abundant technical areas, vertical storage, and a welcoming product showcase entrance highlighting the BMG portfolio.

Audit Firm, Trading and Reporting:

To modernize financial reporting and increase transparency, Brownie’s engaged Bush & Associates CPA (Henderson, NV) as its independent audit firm. The firm brings a technology-forward, quality-driven approach to audit and assurance services. Additionally, BMG has applied for its OTC Markets listing to be transitioned to the upcoming OTCID platform, expected to go live in July 2025.

OTC Markets Group is introducing OTCID as a new tier that replaces Pink Current, offering clearer distinctions between companies that meet basic disclosure standards and those that do not. The transition marks a pivotal shift toward investor transparency and accountability.

By joining the OTCID Market, we proudly support OTC Markets Group’s mission to distinguish responsible companies that take ownership of their U.S. traded securities and meet elevated disclosure standards.

OTCID will make it easier for investors, brokers, regulators, and issuers to identify companies that demonstrate compliance and accountability. The enhanced transparency and disclosure requirements of OTCID may drive positive shifts in investor confidence and behavior, benefiting shareholders in BWMG and the broader OTC market alike.

Product News:

BLU3: BLU3 continues to redefine recreational diving with its patented, battery-powered dive systems designed for accessibility, portability, and innovation. In 2024, the Company implemented key changes to improve product positioning, operational efficiency, and brand performance:

Completed the phase-out of the Nemo model in favor of the more advanced Nomad Mini, streamlining the product line and improving overall manufacturing efficiency.
Expanded into the pool and spa service industry through targeted marketing campaigns that highlight BLU3’s unique utility for light underwater work and inspection.
Reduced overhead expenses by strategically eliminating non-essential salaried roles in sales and marketing, aligning resources with core priorities.
Implemented price adjustments across core products to support margin growth and maintain long-term profitability.
Maintained a diverse marketing strategy through continued investment in boat shows, influencer collaborations, and a combination of paid and organic social media efforts.
BLU3 remains a central growth driver for BMG and continues to explore new markets and applications for its ultra-portable dive technology.

SeaNXT Elite: BLU3 completed its first full year as the exclusive distributor and service center for the SeaNXT Elite water scooter across North and South America and the non-French Caribbean. In 2024, the primary focus was on expanding the dealer and service network throughout these regions to establish a strong foundation for long-term growth.

While several promising partnerships were explored, some efforts were paused due to market constraints, including restrictive dealer agreements imposed by competing brands that prohibit retailers from carrying alternative products. Despite this, SeaNXT continues to gain traction as a high-performance, service-friendly alternative in the luxury water toy category.

Building brand trust remains a top priority, and BLU3 is uniquely positioned to lead this effort thanks to its experienced team, modern facilities, and the modular design of the SeaNXT Elite, which simplifies maintenance and supports long-term ownership value.

Brownie’s THIRD LUNG / Sea Lion: Since 1969 the “THIRD LUNG” has been thought of as a simple gasoline powered air compressor on a float tube. The simplicity and long run time has satisfied an enduring audience of local Florida lobster hunters, salvors and shallow sport divers rugged enough to tolerate the dinosaur powered solution for over 5-decades.

The next generation THIRD LUNG (Sea Lion) leverages our multi-patented battery-powered technology to deliver a diver sensitive-variable speed solution that is more appealing to a broader audience of resort divers and families with boats. The Sea Lion boost an 18-pound battery that provides up to 3-hours of dive time for 3-divers to depths up to 33-ft. The sluggish cadence of 2024 allowed Brownie’s team to develop and heavily invest in multiple improvements that are now delivering better value to the consumer and significant margin enhancements for the company.

SPARE AIR (Submersible Systems, Inc.): Submersible Systems, Inc. enjoyed one of the best years in the companies over 40-year history. SPARE AIR is a natural complement to the entire line of Brownie’s and BLU3 innovations. As we recruit broader audiences to participate in tankless diving, the addition of a completely redundant air source for our products and other diving systems becomes self-evident. Distribution channels and new market opportunities are exposing more synergies across the brands as we cross-pollinate sales and customer service efforts.

LIVE BLUE: Live Blue was launched in 2022 as a pilot program for guided tours, and entry-level dive coaching utilizing the innovative line of products from BLU3. Initially launched in conjunction with our acquisition of Gold Coast Scuba, LLC, a dive shop and scuba diving training center operating in Lauderdale-by-the-Sea, Florida. In late 2024, the company sold the inventory and SCUBA asset package known as Gold Coast Scuba to Adventure Seeker Company. Adventure Seeker Company Dba Gold Coast Scuba continues to operate as a dealer and strategic partner of BMG products and services for the Lauderdale-by-the-Sea area. Live Blue, Inc remains a wholly owned subsidiary of BMG.

Robert M. Carmichael, President and Chairman of the Board added, “One of our core missions is to support entry-level water exploration and promote long-term ocean stewardship. Through education and access, we aim not only to grow our customer base—but to foster the next generation of responsible marine enthusiasts.”

About Brownie’s Marine Group

Brownie’s Marine Group, Inc. owns a portfolio of companies focused on industrial breathing air and recreational diving technologies. Together, the Company designs, tests, manufactures, and distributes tankless dive systems, high-pressure breathing air systems, scuba products, and water safety devices across global markets.

The Company operates four subsidiaries:

Brownie’s THIRD LUNG – Multi-person tankless dive systems (browniedive.com)
BLU3, Inc. – Ultra-portable tankless dive systems (diveblu3.com) and distributor of SeaNXT Elite water scooters (sea-nxt-americas.com)
LW Americas – High-pressure breathing air systems (lwamericas.com)
Submersible Systems, Inc. – Redundant air safety systems (spareair.com)
BMG operates from its Davie, Florida headquarters and a manufacturing and distribution facility in Huntington Beach, California.

For more information, visit: www.BrowniesMarineGroup.com.

Safe Harbor Statement

This press release may contain forward looking statements which are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors. Stockholders and potential investors should not place undue reliance on these forward-looking statements. Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements in this report are reasonable, we cannot assure stockholders and potential investors that these plans, intentions or expectations will be achieved. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the Securities and Exchange Commission (the “SEC”) on June 17th, 2025, and our other periodic and quarterly filings with the SEC.

Source: Brownie’s Marine Group, Inc.
Contact Information: [phone]
[e-mail]

https://www.globenewswire.com/newsroom/ti?nf=OTQ3MTM3NyM2OTk5MTY4IzUwMDAyNTU5OA==
https://ml.globenewswire.com/media/NDFiMDQwYzktYzA5YS00MGE2LWFmMGQtOGEyOGJkOTFjYTYwLTUwMDAyNTU5OC0yMDI1LTA2LTE5LWVu/tiny/Brownie-s-Marine-Group-Inc-.png

Source: Brownie's Marine Group, Inc.
© 2025 GlobeNewswire, Inc.

[BornAgain]

Any chance we get an update on filings? We have been waiting for the last 6 months?

[BornAgain]

Do you have any clues about what happened to the stock today? It can't be bought or sold by the shareholders, but somehow, 5000 shares were traded at .001. Is the company trying to correct the markets for trading this stock, or what?

[ZNSTATED]

Thanks for letting us know
Z

[drugmanrx]

Just talked to the CFO and they are working on getting the filings updated .

[BornAgain]

I agree, no news, no 10K, inferior communication from the CEO, no investor communication from the company website. You can't place a buy order or sell order with E-Trade. I also noticed that BLU CEO said that the NEMO's are in short supply because they are not producing any right now or because of the demand. We desperately need some info from the CEO. Are we stuck on .0002 until the company goes bankrupt?

[ZNSTATED]

I must say I'm quite shocked no one is saying a word about .0002 and no trading. 
Anyone hear from management at all?
Yet I keep seeing advertisements with blue etc 
Z

[ZNSTATED]

Unbelievable. 0002!!!
Z

[BornAgain]

Today we reached a new all-time low, so sad.

[BornAgain]

It would be nice to get an updated 10K and some updates on events with the company.

[ZNSTATED]

Hmm no bid or ask 
I'm assuming the late filing has them not trading 
Z

[BornAgain]

Another late filing

[ZNSTATED]

Based on looking at the yearly chart it looks that was the most volume we've had all year in a one day
Z

[BornAgain]

It is nice to see this company on Scuba.com; however, I would love to know if the shortage of products is because of demand or production.
https://www.scuba.com/brands/BLU3?sel=Item-Condition_New-Items

[BornAgain]

Yes, we could use a good 10K and some good PRs to move this stock up. The stock has been trading very sparsely lately.

[TCarlson]

10K due end of month...

[bman]

I'm thinking tree is some gradual accumulation going on.
BWMG!!!

[BornAgain]

Greetings, BWMG. Do you think we could get back on the OTCQB in the very near future? You guys are doing a lot of promotions at boat shows, lets help shareholders a bit by making it easier to to buy and sell this stock.

[BornAgain]

The YouTube video shows the Brownie's headquarters at points 1.03 to 5.00 It's huge! Also stacked with products! Be sure to watch the video.

[BornAgain]

BLU3 At Boat Show with SeaNXT

https://sea-nxt-americas.com/miami-boat-show-2025/?fbclid=IwY2xjawIVEwdleHRuA2FlbQIxMQABHay4xP3ww5TiV-s_Pqomw-JZvN0CBMMOZ7Mm2oEagnEgEX7Amp1C49rR5w_aem_yjyac4gR3JD2Be6FJB2maA

[BornAgain]

New underwater Sea Scooter...

[BornAgain]

These guys are very busy with shows around the world, it should be an interesting PR coming soon. GLTA!!!

[BornAgain]

BLU3 to Showcase Revolutionary SeaNXT Elite at AquaZone During Miami Boat Show
News provided by

EIN Presswire
Feb 04, 2025, 5:12 PM ET

SeaNXT Colors
The SeaNXT Elite lineup offers a stunning range of colors—Black, Green, Blue, Red, and Gold—each crafted from premium carbon fiber to combine style, performance, and durability for underwater exploration.

SeaNXT Elite Red Unit
The SeaNXT Elite in striking red—an all-carbon fiber masterpiece designed for performance and luxury.

SeaNXT Elite glide effortless
Glide effortlessly through the water with the SeaNXT Elite.

BLU3 Unveils the Revolutionary SeaNXT Elite at the Miami Boat Show AquaZone – Live Demos, Cutting-Edge Design, and Opportunities for Partnerships Await!

MIAMI, FL, UNITED STATES, February 4, 2025 /EINPresswire.com/ -- BLU3, a subsidiary of Brownie’s Marine Group and a leader in battery-powered dive systems, is set to showcase the cutting-edge SeaNXT Elite sea scooter at the AquaZone by Nautical Ventures during the 2025 Miami Boat Show. This marks the first time SeaNXT Elite will be featured in the interactive demonstration pool at Pride Park, offering attendees a live, firsthand experience of its performance and capabilities. SeaNXT is proud to be the only sea scooter brand with live representation at the AquaZone.

Manufactured in France, the SeaNXT Elite is an all-carbon-fiber sea scooter designed for performance, elegance, and ease of use. The Elite boasts dual motors producing a powerful six horsepower, which is impressive for its small size. At only 50 pounds, the weight is about 30 percent lighter than the nearest product available in its class. Its sleek design, intuitive controls, and premium materials make it an essential addition to any yacht or high-end center console, while the modular plug-and-play internal design makes any service repairs straightforward. The SeaNXT Elite has 7 technical and design patents pending recognizing its unique industrial design and construction.

BLU3’s presence at the Miami Boat Show extends beyond the AquaZone. Attendees can visit Booth HP533 in Herald Plaza to see the SeaNXT Elite up close, meet the team, and explore its advanced features. Live demonstrations at the AquaZone pool will highlight the scooter’s speed, maneuverability, and ease of use, giving visitors a firsthand look at why the SeaNXT Elite is revolutionizing underwater exploration. Attendees will also get to enjoy the high end graphic UI and GPS navigation integrated with the controls. You can find the SeaNXT Elite at the Nautical Ventures Electric Pavilion as well, which is adjacent to the AquaZone. Both are located just outside of the Miami Beach Convention Center.

“We’re excited to showcase the SeaNXT Elite at the Miami Boat Show, especially at the AquaZone, where attendees can witness its performance firsthand,” said Blake Carmichael, CEO of BLU3. “With its cutting-edge design and elite craftsmanship, the SeaNXT Elite sets the tone for the next generation of water toys. We are thrilled for this opportunity to show the world the latest and greatest in sea scooters.”

In addition to SeaNXT Elite, BLU3 will showcase its flagship battery-powered dive systems, Nomad and Nomad Mini. These lightweight, tankless diving solutions are designed for yacht owners and boaters who want a compact and reliable way to explore, maintain vessels, and enjoy marine life—without the need for bulky SCUBA gear. BLU3 is a sister company of Brownie’s THIRD LUNG which has been in the industry since 1969.

BLU3 is the exclusive distributor of SeaNXT products across the Americas. We are inviting partnerships to assist in expanding the distribution and service network for all of its products throughout the Americas and the Caribbean. Businesses interested in carrying the SeaNXT Elite or BLU3 dive systems can meet the BLU3 team at either Booth HP533 (at Herald Plaza) or at the AquaZone. You can also apply directly at sea-nxt-americas.com or diveblu3.com.

Don’t miss the chance to see the next generation of water toys at the Miami Boat Show, February 12-16, 2025. For more information, visit sea-nxt-americas.com.

About BLU3: BLU3, a subsidiary of Brownie’s Marine Group, specializes in innovative battery-powered dive systems that make accessing the underwater world more convenient. Based in Davie, FL, BLU3 continues to push the boundaries of technology and design, offering products that cater to boat owners, divers, and adventurers worldwide.

Blake Carmichael
BLU3
[phone]
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Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

https://cbs4indy.com/business/press-releases/ein-presswire/782929247/blu3-to-showcase-revolutionary-seanxt-elite-at-aquazone-during-miami-boat-show/?fbclid=IwY2xjawITIKZleHRuA2FlbQIxMAABHYZ6RR2snMWnEqSgAakfYctFHXSXgrygorF1Whk1usECmFdIDguU4Je1Vw_aem_ai0rFCDLgzAJmTnB-wK3dA

[BornAgain]

[BornAgain]

I am glad they are promoting their product at these shows, I hope it will be a plus for the company and the shareholders. Bring new eyes on the products and stock, not just an expensive vacation for the company's staff.

[bman]

You know, I noticed that, too. I'm thinking that since the last 10Q, someone is trying to to get all they can, little by little, without running up the price up.
BWMG !!!!!!

[BornAgain]

Someone has been nibbling on the .01s for the last two days. We need a couple of whales to start taking big bites, and then we are off.

[BornAgain]

There are a few boat shows this month for BWMG, Maybe they can get some increased sales and a few investors from these shows

🚤 Come See Us at a Boat Show Near You! 🌊
Thinking about purchasing a BLU3 Dive System? January 2025 is packed with exciting boat shows where you can check out our innovative dive systems in person! Our team will be on-site, ready to answer your questions and show you how BLU3 can enhance your underwater adventures.
📍 Find Us at These Upcoming Shows:
📅 Surf Expo Show | Orlando, FL | Jan 8-10, 2025
📅 Atlanta Boat Show | Atlanta, GA | Jan 9-12, 2025
📅 Stuart Boat Show | Stuart, FL | Jan 10-12, 2025
📅 St. Petersburg Power and Sailboat Show | St. Petersburg, FL | Jan 16-19, 2025
📅 Boot Düsseldorf | Düsseldorf, Germany | Jan 18-26, 2025
📅 New York City Boat Show | New York, NY | Jan 22-26, 2025
📅 Charleston Boat Show | Charleston, SC | Jan 24-26, 2025
Come by and discover why BLU3 is the perfect addition to your boating and diving adventures. We can’t wait to meet you!

[bman]

Yes. Picking up bargains here little by little.

[BornAgain]

Here is the link to 10Q it looks excellent and the company is making a profit!

I don't understand why the stock is trading so low. We need more eyes on this stock and a few promoters.

https://www.otcmarkets.com/filing/html?id=17989053&guid=F5Y-kqhAVXGaJth

[Ruffy Capital]

10-Q looks VERY interesting gents. Net profit Q3.

Margin expansion of 11% compared to Q3Y23, cost of revenue is flat on increased volume, which also implies operating efficienies are improving which will drop down to the gross line over the coming quarters.

Growth in HEED3, which is also favorable from a mix perspective. We shall see..

[BornAgain]

It looks like they are back to their old games NO NEWS and LATE FILINGS! I thought they hired a new accounting firm in October to avoid this problem. We are trading in the toilets with all the other garbage.

The company needs to promote its business and stock. Shareholders are very dissatisfied!!!

[bwmgftw]

We are close to a major bottom. Chart by myself.
https://x.com/edwardsibl91034/status/1846619940977365049/photo/1

[BornAgain]

You are right; there is another 82% drop in SP. No explanation on why they changed location?

GLTA.

[bman]

Nice!

[mat23]

New location

https://mailchi.mp/7af3c4dcf525/weve-moved-visit-our-new-location-showroom-starting-october-1st?e=3517f5578c

[megazoo]

Don’t bother. Car Michael just doesn’t give a shit

[BornAgain]

We are waiting patiently, and looking forward to updates.

[EL Sueno]

Thanks for helping Wow $$

[BornAgain]

A very nice bio, I'm looking forward to some good news!

GLTA!!!

[megazoo]

You have been saying that for 2 years. You don’t post jack.

[Bigrig_1]

Hi, I have a suggestion... Have you tried pamphlets for your dive tour. I am from Michigan and these still work wonders for some of our northern businesses. The pamphlets may start a bit slow but word of mouth travels fast. Also, a slot at rest area or visitor center may not be too expensive. Just a thought I had Mr. BWMG. Thanks.

[bwmg]

Hey Troy. Hope you guys are all doing well. Thanks for hanging in there. We believed it was appropriate to get the queue completed before broadcasting any news. We’re happy with the way the team has come together in the midst of adversity. We’re working on Building a steady release of information to properly characterize the assets, values and challenges. I’m looking forward to publishing a summary of our status very soon. thank you to all the shareholders and supporters. Then anyone wants to learn a little bit more about me, have a look at www.rmcdive.com

[dickmilde]

Yes... I'm still here. The small profit for Q2 is like a breath of fresh air !
It's not much but certainly a step in the right direction. I need to go thru the 10-Q again but it also looks like the improved sales/earnings result was made without issuing additional shares. This is what I referred to a while back when I said this now a "show me" stock. In other words show me the numbers. 3 of the subsidiaries were down with the largest decline in sales posted by Guided Tours and Retail down 26.5%. I have owned and managed retail before and when sales are down the fixed operating expenses continue and can easily result in losses. The point is that when 3 of 5 subsidiaries are down in sales and the business can still show a profit management seems to be paying very close attention to the business.

When I bot my shares a while back I considered it as a lottery ticket, so I will continue to hold and see how this plays out. If the financial condition continues to improve we can expect a higher stock price. Buying stock at the current price is a big gamble but the % gain could change your zip code.

[megazoo]

Are you still in this pos, Dickmilde. Unlike economike and other pumpers, you make good analysis

[Dallyb]

Traded with Charles Schwab.

[Dallyb]

I’m not real happy, that was my trade for 10,000 for market price. I was just checking to see if trading was open again. I never thought that the market price would be .0001.

[jimr1717]

I wonder how that happened? ROTFLMAO

No one is fooled

[Ecomike]

Time for a class action lawsuit against Wallstreet.

Yes I do, seen this BS too many times.
Only a MM/Broker-dealer or Canadian or UK snake could do that.
Pure illegal manipulation.

Going to wake up the dead Tuesday with a 99,990 % rally and set off all kinds of buyer radars. Then when they see the just reported a quarterly net profit, it may finally get interesting here.

[Ecomike]

Holy Cow BWMG actually made a profit this past quarter.

First time in 10 years? Second time I know of...., but I may have missed some?

https://www.otcmarkets.com/filing/html?id=17807923&guid=gqO-kWgmdiwOh3h