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$BWMG News!
Brownie's Marine Group to distribute L&W Compressors to the Americas
Oct 04, 2017 10:15:00 (ET)
Brownie's Marine Group to distribute L&W Compressors to the Americas
Pompano Beach, FL., Oct. 04, 2017 (GLOBE NEWSWIRE) -- Brownie's Marine Group, Inc. (OTC PINK: BWMG) Brownie's Marine Group has formally reached agreement with the German-based company, L&W Compressors, to provide distribution, sales, service, training and support for the complete L&W line of compressors and related equipment throughout North America, Central America, the Caribbean and South America. Brownie's Marine Group has formed a new division that will do business as LW Americas. Distribution, sales and service will be based from their new facility in Pompano Beach, Florida.
LW Americas will maintain a constant inventory of the most popular L&W compressor models. LW Americas will also carry an extensive supply of spare parts and repair parts for all L&W compressors. Any L&W product may be ordered through LW Americas.
L&W compressors are widely known for their superior performance, incredible durability and unsurpassed value. Established in 1975, L&W has concentrated on high-pressure compressor technology for breathing air and multiple industrial gas applications since 1980. Their commitment to the highest engineering principles and design innovation has propelled them to a market leading position in an incredibly short time. The distribution agreement with Brownie's Marine Group will provide timely sales and support for all L&W products throughout the Western Hemisphere.
Brownie's Marine Group has over 47 years of experience in breathing air systems and diving related equipment. Brownie's Third Lung started in 1969 as the leading supplier of hookah diving for recreational use. By the mid 1990's, Brownie's expertise had expanded into high-pressure compressor systems designed primarily for the world's finest yachts. By the early 2000's, Brownie's was designing and manufacturing a complete line of NitroxMaker systems to produce the most requested nitrox mixtures for recreational and technical diving applications. Brownie's has further expanded their capabilities to include custom dive systems, storage systems, submarine support, hyperbaric chamber support, oxygen generation and technical diving systems of all sizes.
LW Americas is actively seeking distributors, resellers, and technicians in all regions to join their team. Contact LW Americas at info@lwamericas.com for additional information. For more information visit: https://LWamericas.com.
Yasmin Santos
Brownie's Marine Group
954.462.5570 (office)
yasmin@browniedive.com
(END) Dow Jones Newswires
October 04, 2017 10:15 ET (14:15 GMT)
I added a few more shares in order to take advantage of the low prices, this should be a screaming buy with the new business of L&W!
From the 8k
Yes, I picked up a few cheapies at that price. figured they won't always be that cheap, so I took advantage of the situation.
Geo, thanks for pointing that out!
The average price per share on that day Aug 1, was .0125, a very good deal might I say. At least some of the shares are restricted so they won't hit the market right away. I would guess that we are headed north from here! GLTA!
Looks like the Board is getting ready to see the stock price appreciate.
Thanks for the links! Very nice DD there. Good to see updated videos by the CEO, looking forward to great results with this company. GLTA!!!
Has any one spoke to Mr. Carmichael about the financials lately? Any Ideas on when will get them?
Thanks for the correction! That means we get the 10q Tomorrow?
Wow someone sold 50000 @ .003!!! I wish I could have gotten a piece of that action. BTW the NT extension is for 15 days. That means we should see a 10-Q about May 30.
Take a look at $BWMG @ .0167 ready to move soon!!!
Monday's 10Q should get this stock moving!
$IVFH a nice article on the company, on Seeking Alpha.
$BWMG I agree great opportunity here!
Take a look at $BWMG looking very cheap at these prices...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=131254796
We are starting to get noticed!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=131254796
$BWMG ~ NEWS~ Brownie's Marine Group Announces Investor Update
POMPANO BEACH, FL-(Marketwired - Apr 27, 2017) - Brownie's Marine Group, Inc. (OTC PINK: BWMG) ("Brownie's" or the "Company") and its wholly-owned subsidiary, Trebor Industries, Inc., d/b/a Brownie's Third Lung, based in Pompano Beach, Florida is an innovative and respected company that 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 proprietary 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 multiple 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 SCUBA tank fill products support and service divers at all levels of the underwater world, from shallow-water dive systems to deep-water mixed gas rebreather 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 "VS" devices engineered to conserve energy while delivering performance to the diver up to 3-times that of the nearest competitor. The VS invention also incorporates a unique instant change battery swap design enabling multiple dives per day.
OVERVIEW
Brownie's is a SEC reporting public company quoted on the OTC Markets under the symbol "BWMG"
Unlike some of its peers in the highly competitive marine industry that are no longer viable, the Company's management recognized that some major strategic actions were necessary to become profitable, maintain the Company's reputation and standing in the marine industry, and to position the company to fully monetize its patent portfolio. In order to accomplish this goal, the Company has spent the last three years diligently "right-sizing" its operations to properly match expenses with revenue opportunities, reducing debt to improve its balance sheet, and taking steps to improve its capitalization structure.
KEY METRICS
Current common shares outstanding (as of 17-April-2017)
73,493,896
• Shares held by CEO
15,419,242
• Shares held by CEO as percent of class
21%
• Closing share price on 26/April/2017
$0.016
• Market capitalization
$1,175,102
• Current ratio
1.1 to 1.0
• Revenues for year ended 12/31/2016
$2,264,134
• Net Income
$230,026
INVESTMENT HIGHLIGHTS
Excellent and respected long term management committed to shareholder value
The Company has been profitable for the last three years
Improving liquidity creates the opportunity for improved cost of sale efficiencies, the opportunity to raise additional capital and initiate a market development and new product/services distribution and licensing strategy.
Safe Harbor Statement
This release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results or implied by such statements. The Company's future results may also be impacted by other risk factors listed from time-to-time in its annual report on Form 10-K for the year ended December 31, 2016, its most recent quarterly report Form 10-Q and subsequent filings with the Securities and Exchange Commission. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made and the Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. The Company's SEC reports, including its quarterly and annual reports, can be viewed at www.sec.gov.
Contact Information
Robert Carmichael
Chief Executive Officer
Robert@browniesmarinegroup.com
1-954-462-5570
$BWMG ~ NEWS~ Brownie's Marine Group Announces Investor Update
POMPANO BEACH, FL-(Marketwired - Apr 27, 2017) - Brownie's Marine Group, Inc. (OTC PINK: BWMG) ("Brownie's" or the "Company") and its wholly-owned subsidiary, Trebor Industries, Inc., d/b/a Brownie's Third Lung, based in Pompano Beach, Florida is an innovative and respected company that 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 proprietary 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 multiple 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 SCUBA tank fill products support and service divers at all levels of the underwater world, from shallow-water dive systems to deep-water mixed gas rebreather 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 "VS" devices engineered to conserve energy while delivering performance to the diver up to 3-times that of the nearest competitor. The VS invention also incorporates a unique instant change battery swap design enabling multiple dives per day.
OVERVIEW
Brownie's is a SEC reporting public company quoted on the OTC Markets under the symbol "BWMG"
Unlike some of its peers in the highly competitive marine industry that are no longer viable, the Company's management recognized that some major strategic actions were necessary to become profitable, maintain the Company's reputation and standing in the marine industry, and to position the company to fully monetize its patent portfolio. In order to accomplish this goal, the Company has spent the last three years diligently "right-sizing" its operations to properly match expenses with revenue opportunities, reducing debt to improve its balance sheet, and taking steps to improve its capitalization structure.
KEY METRICS
Current common shares outstanding (as of 17-April-2017)
73,493,896
• Shares held by CEO
15,419,242
• Shares held by CEO as percent of class
21%
• Closing share price on 26/April/2017
$0.016
• Market capitalization
$1,175,102
• Current ratio
1.1 to 1.0
• Revenues for year ended 12/31/2016
$2,264,134
• Net Income
$230,026
INVESTMENT HIGHLIGHTS
Excellent and respected long term management committed to shareholder value
The Company has been profitable for the last three years
Improving liquidity creates the opportunity for improved cost of sale efficiencies, the opportunity to raise additional capital and initiate a market development and new product/services distribution and licensing strategy.
Safe Harbor Statement
This release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results or implied by such statements. The Company's future results may also be impacted by other risk factors listed from time-to-time in its annual report on Form 10-K for the year ended December 31, 2016, its most recent quarterly report Form 10-Q and subsequent filings with the Securities and Exchange Commission. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made and the Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. The Company's SEC reports, including its quarterly and annual reports, can be viewed at www.sec.gov.
Contact Information
Robert Carmichael
Chief Executive Officer
Robert@browniesmarinegroup.com
1-954-462-5570
Very nice update!!!
We should see a 10K on Monday 15 days from the filing, let's hope it's positive! GLTA!!!
I agree chart looks very bullish going into earnings, nice consolidation here getting ready to break out, let's hope that the earnings supports a nice breakout!
Very nice, looks like company is setting up for some real growth, I'm glad I got small position, so far, in this company. I hope they catch the misspelling of Torqueedo on their website.
Geo and Yankee, and others thanks for the DD!!!
I believe that most folks here are long term investors that are looking for deep value, and are willing to hold for more than 3 months. I am not expecting any major movement until we get at least one or two positive reports as in 10K and 10Q. But will add on any major dips until we get there. GLTA, traders and investors we need both to make this successful.
Yes Geo is the Man, I have been watching him for years, He came into IVFH when it was about .40 and he sold when it went to 1.75!!! He is now going back into at .40 again. I missed his call on CLGRF he turned me on to that one and I didn't buy it, I am not letting BWMG get away from me this time!!! GEODAN knows what he is doing!!!
$BWMG is the NEXT 10 Bagger!!! I added some more today The float seems to be locked up, very few sellers.
I picked some $BWMG today added to my position, This stock is very strong and a good value at this point still!!!
I agree, I added a small amount to my position at this level, was waiting to get in cheaper, but this stock seems very strong, and the float looks like it is going into stronger hands.
Nice Geo,I picked up a small starter position yesterday at .015 will be adding later. GLTA!
I am here to report the news that may not appear in in press releases, not to contest your pessimistic views. EOM
What's not to believe? He says that he has turned the company around and he says he has a new brand, and a new celebrity partner that he has not announced yet, see the May 13 tweet that he posted on Twitter. This looks very promising for IVFH they still own 10% of the company and, if the FD starts seeing profits, we should start seeing some payments from them. It may not be this quarter, but in the near future.
Twitter post sounds very promising, Looks like we may not have heard the last of the FD!
Zalmi Duchman
?@ZalmiD
Been working on some exciting new initiatives at @freshdiet can't wait to announce our newest brand and celebrity partner
Twitter Post, on The Fresh Diet...
Zalmi Duchman ?@ZalmiD · 19h19 hours ago
Fresh Diet CEO: Don't Listen To Outside Voices To Fuel Your Business | How I Made It | CNBC http://newsvideo.su/video/4551495
I agree he has even started paying off some of those high interest notes, that should help the numbers in the future quarters!
Promissory note payable to Alpha Capital in the amount of $469,010 dated November 6, 2015 bearing interest at the rate of 9.9% per annum. This note is unsecured, and became due December 6, 2015. During the three months ended March 31, 2016 the Company accrued interest expense in the amount of $9,525 on this note. During the three months ended March 31,2016, the Company paid principal and accrued interest in the amounts of $469,010 and $15,798, respectively, which satisfied this note in full.
469,010
Promissory note payable to Alpha Capital in the amount of $176,005 dated November 20, 2015 bearing interest at the rate of 9.9% per annum. This note is unsecured, and became due December 20, 2015. During the three months ended March 31, 2016, the Company accrued interest expense in the amount of $3,533 on this note. During the three months ended March 31,2016, the Company paid principal and accrued interest in the amounts of $176,005 and $5,490, respectively, which satisfied this note in full.
176,005
Innovative Food Holdings sees record sales
By Laura Layden of the Naples Daily News
Bonita Springs-based Innovative Food Holdings Inc. saw record sales in the first quarter.
The specialty food retailer reported total revenues of $8 million for the quarter, up 22 percent from $6.5 million a year ago, from its continuing operations.
With higher revenues, the company swung to a profit in the quarter. Adjusted earnings increased to more than $380,000, or 1.5 cents a share. That compares with a loss of more than $142,000 last year.
"We continue to see growing demand for our specialty food products offered by our platform. We are pleased with our top line and bottom line growth as they once again exceeded our internal expectations. As shown by the numbers, we have a unique platform, which has the ability to scale and accelerate bottom line margin with sales growth," said Sam Klepfish, the company's CEO, in an earnings call with analysts Monday night.
The company sells its products to consumers and to chefs. It distributes more than 7,000 specialty foods daily to thousands of chefs nationwide, a part of its business that has the potential to grow through its existing partners and new ones, Klepfish said.
In the quarter, he said, the company executed well on the top and bottom line. "We believe that our business has strong opportunities for growth in multiple markets and multiple market segments," Klepfish said.
The company paid off $660,000 of debt in the first quarter, and its inventory turnover continued to improve.
"We continue to focus on further improving our balance sheet and allocating capital to provide the best return for our shareholders," Klepfish said.
The company continues to explore stock buyback opportunities.
"Overall, based on the strength of our business, our working capital position and our improving asset mix, we currently anticipate a further improving balance sheet in 2016," Klepfish said.
Looking ahead, the company sees a strong opportunity for growth in the fast-growing specialty food market.
Shares closed at 53 cents on Tuesday, up 10 cents, on the Over-the-Counter Bulletin Board.
http://www.naplesnews.com/business/local/innovative-food-holdings-sees-record-sales-330b932d-5923-3385-e053-0100007f53a4-379868531.html
Innovative Food Holdings Reports First Quarter 2016 Financial Results
Specialty Foodservice Revenues up 22% to $8 Million
BONITA SPRINGS, FL -- (Marketwired) -- 05/16/16 -- Innovative Food Holdings, Inc. (OTCQB: IVFH), an industry leading specialty food platform announced today financial results for the first quarter ended March 31, 2016. The Company will hold a conference call today May 16, 2016 at 6:30 p.m. ET to discuss the results.
Financial Highlights from Continuing Operations:
?Total Revenue of $8 million, an increase of approximately 22% compared to Q1 2015
?GAAP Net Income in Q1 2016 of $380,000 vs ($142,000) in 2015
?Fully Diluted GAAP EPS of $0.015 per share compared to ($0.007) in Q1 2015
?Cash EBITDA (EBITDA excluding stock related expenses) increased by over 90% to $857,000 vs $446,000 in Q1 2015
Sam Klepfish, CEO of Innovative Food Holdings, commented, "We reported record sales in the first quarter of 2016 and strong bottom line results, including $0.015 fully diluted GAAP EPS, as our business continues to gain momentum. In addition, Innovative Food Holdings is a leader in the direct to chef specialty food space with a highly profitable, highly scalable direct to chef specialty food platform. We strongly believe that the current stock price does not adequately reflect the potential of our business and our position within the fast growing specialty food sector. We look forward to continuing to focus on growing top and bottom line results with a goal of driving increased value for Innovative Food Holdings' shareholders."
First Quarter 2016 Continuing Operations Financial Results
Revenue for the quarter ended March 31, 2016 for specialty foodservice was $8 million, up approximately 22% as compared to $6.5 million in the first quarter of 2015. Adjusted net income (net income excluding amortization and stock related expenses) increased by over 87% to $781,000 vs $419,000 in Q1 of 2015. Adjusted fully diluted EPS (see table) increased by over 75% to $0.024 compared to $0.014 in the first quarter of 2015. Cash EBITDA increased over 90% year over year to $857,000 compared to $446,000 in the first quarter of 2015.
Conference call information:
Date: Monday, May 16, 2016
Time: 6:30 p.m. Eastern Time
Toll-free dial-in number: 1-888-481-2877
International dial-in number: 1-719-325-2429
Conference ID: 9194766
The conference call will be broadcast live and will be available for replay at http://public.viavid.com/index.php?id=119698 and via the investor relations section of the Innovative Food Holdings website at www.ivfh.com.
About Innovative Food Holdings Innovative Food Holdings' (OTCQB: IVFH) industry-leading specialty food platforms in the foodservice and consumer markets provide chefs and consumers across the United States direct access to the highest quality specialty food products.
In the direct-to-chef foodservice market, Innovative Food Holdings' automated direct-to-chef platform offers efficient, cost effective, and transparent direct sourcing and distribution of over 7,000 specialty foods delivered daily to thousands of chefs nationwide.
Forward-Looking Statements
This release contains certain forward-looking statements and information relating to Innovative Food Holdings, Inc. (the "Company") that are based on the current beliefs of the Company's management, as well as assumptions made by, and information currently available to, the Company. Such statements reflect the current views of the Company with respect to future events and are subject to certain assumptions, including those described in this release. Should one or more of these underlying assumptions prove incorrect, actual results may vary materially from those described herein as "should," "could," "anticipate," "believe," "intend," "plan," "might," "potentially" or "expect." The Company does not intend to update these forward-looking statements. Information about other parties was supplied to the Company by other parties and we accept no responsibility for its accuracy.
March 31
Continuing Operations 2016 2015
Adjusted Operating Income and EPS
Revenues 8,015,341 6,576,848
Net Income (Loss) 380,646 (142,947)
Amortization of intangible assets (1) 65,817 75,788
Amortization of discounts (2) 92,509 99,157
Stock Related Expenses (3) 242,605 387,073
Adjusted Net Income 781,577 419,071
Weighted Average Fully Diluted Shares Outstanding (4) 31,917,834 30,607,551
Adjusted Fully Diluted EPS (4) $ 0.024 $ 0.014
March 31
Cash EBITDA 2016 2015
Net Income (Loss) 380,646 (142,947)
Interest 39,140 9,962
Depreciation & amortization 102,176 93,527
Stock related expenses (3) 242,605 387,073
Amortization of discounts (2) 92,509 99,157
Cash EBITDA $ 857,076 $ 446,772
(1) Includes non cash amortization charges related to assets acquired
(2) Includes non cash amortization charges mainly associated with the GAAP recording of the discount on certain notes
(3) Includes stock and options based compensation and expenses
(4) Fully diluted adjusted GAAP EPS via treasury stock method without add-back to income for any expenses related to the converted or exercised securities
Management Contact Ronit Wallerstein
Investor Relations Analyst
(718) 645-1755
Email Contact
Source: Innovative Food Holdings, Inc.
I am guessing that the 10Q will be released after the market close. Gives you a few minutes to go over the Q.
IVFH Sets First Quarter 2016 Conference Call for Monday, May 16, 2016 at 6:30 p.m. ET
May 13, 2016
OTC Disclosure & News Service
Innovative Food Holdings Sets First Quarter 2016 Conference Call for Monday, May 16, 2016 at 6:30 p.m. ET
BONITA SPRINGS, FL--(Marketwired - May 13, 2016) - Innovative Food Holdings, Inc. (OTCQB: IVFH), an industry-leading specialty food platform, will conduct a conference call on Monday, May 16, 2016 at 6:30 p.m. Eastern Time to discuss its financial results for the first quarter ended March 31, 2016. The company will report its financial results in a press release prior to the conference call.
Innovative Food's management team will host the conference call, followed by a question and answer period.
Date: Monday, May 16, 2016
Time: 6:30 p.m. Eastern Time
Toll-free dial-in number: 1-888-481-2877
International dial-in number: 1-719-325-2429
Conference ID: 9194766
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization.
The conference call will be broadcast live and will be available for replay at http://public.viavid.com/index.php?id=119698 and via the investor relations section of the Innovative Food Holdings website at www.ivfh.com.
A replay of the conference call will be available after 9:30 p.m. Eastern Time on the same day through May 23, 2016.
Toll-free replay number: 1-877-870-5176
International replay number: 1-858-384-5517
Replay ID: 9294766
About Innovative Food Holdings, Inc.
Innovative Food Holdings' (OTCQB: IVFH) industry-leading specialty food platforms in the foodservice and consumer markets provide chefs and consumers direct access to the highest quality specialty food products across the United States.
In the direct-to-chef foodservice market, Innovative Food Holdings' fully automated direct-to-chef platform offers efficient, cost effective, and transparent direct sourcing and distribution of over 7,000 specialty foods delivered daily to thousands of chefs nationwide.
Contact:
Company
Ronit Wallerstein
Investor Relations Analyst
(718) 645-1755
Email Contact
http://www.otcmarkets.com/stock/IVFH/news/Innovative-Food-Holdings-Sets-First-Quarter-2016-Conference-Call-for-Monday--May-16--2016-at-6-30-p-m--ET?id=131821&b=y