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Added 300,000 shares today on that last dip. Many companies have public offerings to raise capital for growth. IMO. the word growth is the key and I like it. Maybe I'll be able to get more tomorrow. Time ran out on me today.
DMAN!!!
I'm not sure how much was in the last shipment, but 400 units X $799 = $319,600. Then, there are extras that I'm sure some will purchase such as back packs and extra batteries. I don't what the profit margin is on each unit, so that would be important. Geodan probably has an idea concerning profit margin. IMO, the 400 units sold to this point, will be a drop in the bucket compared to the vast amount of future sales that I think we'll see. Then, there are the other divisions. BWMG is gold, IMO.
I'm not sure how much was in the last shipment, but 400 units X $799 = $319,600. Then, there are extras that I'm sure some will purchase such as back packs and extra batteries. I don't what the profit margin is on each unit, so that would be important. Geodan probably has an idea concerning profit margin. IMO, the 400 units sold to this point, will be a drop in the bucket compared to the vast amount of future sales that I think we'll see. Then, there are the other divisions. BWMG is gold, IMO.
You're on target, IMO.
BWMG!!!!
Moving on up! New HOD!
DMAN!!!
I very much agree with you on that! BWMG must not be getting enough exposure. There are probably many investors out there, that if they knew of BWMG(and it's potential)would likely drive this to .05 to .08 very quickly. In fact, I've seen BWMG at those levels on much less potential at that time.
JMO.
Should be a fantastic year of growth for Brownies! Late winter, spring, and summer sales may blow this up big!
BWMG!!
That will be within the yearly report which I think is due March 31. They may, however, provide a statement as to the 4th quarter before that. At any rate, pps is way too cheap, IMO. I have plenty but bought a few today at .018 and have a bid in now. Great days ahead, I'm thinking.
BWMG!!!!
Based on today's PR stating 400 units shipped: If I have it figured correctly, this represents a minimum of $319,600 new revenue, not to mention the probable purchases of add-ons such as extra batteries, battery packs, etc.
Good news for BWMG shareholders.
More news may be coming soon based on this quote from PR:
“Our conversations with various dealers and sales partners are getting more interesting as we start delivering to the market more efficiently. We hope to be to finalize some of those new relationships and share the news with everyone soon.”
BWMG!!!
That would be very nice!
BWMG!!!
From today's PR:
The Company’s wholly-owned subsidiary, BLU3 (diveBLU3.com), has now shipped over 400 NEMO units to date to customers in more than 20 countries. The manufacturing team continues to focus on streamlining production to scale at larger volumes to meet growing market demand. The Company has now pre-built enough units in stock to facilitate next day-shipping versus the longer lead time necessary in Q4-2019.
“We feel so gratified that customers are liking the product so much, and telling their friends about it, and we can roll the units out to them faster for people to enjoy” said Robert Carmichael, Chairman & CEO of Brownie’s Marine Group, Inc. “Our conversations with various dealers and sales partners are getting more interesting as we start delivering to the market more efficiently. We hope to be to finalize some of those new relationships and share the news with everyone soon.”
BWMG Gives Sales Update of BLU3 NEMO Diving Product and Announces Display at 2020 Miami International Boat Show
GlobeNewswire GlobeNewswire•February 4, 2020
Pompano Beach, Florida, Feb. 04, 2020 (GLOBE NEWSWIRE) -- Brownie’s Marine Group, Inc. (BWMG) a leading developer, manufacturer and distributor of modern recreational diving products and onboard compressed air solutions is pleased to announce a sales update for the BLU3 NEMO Diving Product and their attendance as a displaying party in the 2020 Miami International Boat Show.
BLU3 NEMO Product Continues to Build Momentum
The Company’s wholly-owned subsidiary, BLU3 (diveBLU3.com), has now shipped over 400 NEMO units to date to customers in more than 20 countries. The manufacturing team continues to focus on streamlining production to scale at larger volumes to meet growing market demand. The Company has now pre-built enough units in stock to facilitate next day-shipping versus the longer lead time necessary in Q4-2019.
“We feel so gratified that customers are liking the product so much, and telling their friends about it, and we can roll the units out to them faster for people to enjoy” said Robert Carmichael, Chairman & CEO of Brownie’s Marine Group, Inc. “Our conversations with various dealers and sales partners are getting more interesting as we start delivering to the market more efficiently. We hope to be to finalize some of those new relationships and share the news with everyone soon.”
Display at the 2020 Miami International Boat Show
NEMO will be on display at the 2020 Miami International Boat Show that will be held between February 13th - February 17th at the Miami Marine Stadium Park & Basin in Virginia Key. They will be displaying at the Brownie’s Yacht Diver booth in “C Tent # C398.”
About BLU3 NEMO
NEMO (diveBLU3.com/NEMO) is a battery-powered and ultra-portable tankless dive system created for the recreational diving population under the BLU3 brand to make diving more user friendly, easier, and accessible to a new and larger group of divers. It was designed with the mass, global market in mind, ultimately creating a market much greater than SCUBA by eliminating barriers to entry. Weighing in at about 10 lb., NEMO is portable and travels as carry-on luggage on an airplane including multiple spare batteries which run the system for over 60 minutes each. NEMO has many potential applications, from river treasure and fossil hunting, boat hull cleaning, pool maintenance and even underwater yoga.
About Brownie’s Marine Group
Brownie’s Marine Group, Inc., is the parent company to a family of innovative brands with a unique concentration in the industrial, military and recreational diving industry. The Company, together with its subsidiaries, designs, tests, manufactures, and distributes recreational hookah diving, yacht-based scuba air compressors and nitrox generation systems, and scuba and water safety products in the United States and internationally. The Company has three subsidiaries including Trebor Industries, Inc., founded in 1981 and dba as “Brownie’s Third Lung,” BLU3, Inc., and Brownie’s High-Pressure Services, Inc. dba LW Americas. The Company is headquartered in Pompano Beach, Florida. For more information, visit: www.BrowniesMarineGroup.com
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Contact Information: (954)-462-5570 | investors@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, including, without limitation, statements made with respect to the development, production and marketability of our development stage NEMO product. 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, 2018 as filed with the Securities and Exchange Commission (the “SEC”) and our other periodic and quarterly filings with the SEC.
MVNT is about to rise, IMO. This week, I'm thinking.
MVNT!!!
Good point!
MVNT!!!
Smart move, IMO. About to happen, again, JMO. Bought more today, myself.
DMAN!!
Better days coming, IMO.
MVNT!!!
Over $10k on bid now!
DMAN!!
This dip has allowed me to load more DMAN. Nice!
Seems all trades at ask or close to it. A few nice size hits at the ask now, and we may be on our way up again.
MVNT!!!
Correct! Also, selling seems to have subsided. Look for upward movement in the coming days. JMO.
MVNT!!!
Nice little bounce at the end of day.
MVNT!!
I went ahead and picked up more in the .006s. Looking ahead to profits.
DMAN!!
Buying down here.
DMAN!
Not hard to find plenty on Nemo when you Google search. News is bound to get out to a good number of investors and purchasers. Then BWMG UP!
MVNT moving up!!!
Nice news, today!
MVNT!!!!!
Added on shake!
DMAN!!!
These dips allow me to add more! Up later!
MVNT!!!
Good news! Added more DMAN!!
I have to admit I've been appreciative of the slight pull back, as I have been able to add more DMAN cheap.
Absolutely! I added yesterday and today and I really like the way DMAN is setting up!
Thanks for the info. BWMG is looking UP!!
BWMG!!!
Nice!
BWMG!!!!!!!
.025 just hit! Folks must be buying BWMG for Christmas! These shares could be 10 times that by next Christmas, or more!
It's hard to say. Of course, it depends upon revenue and profits. Management appears to have set the stage for sustainable growth in these areas. When Nemo really starts to saturate the market, BWMG could really blast off. My guess is that at some point in 2020 that BWMG could reach the .18-.25 range. It could blow past a nickel very soon. All, my opinion, but I have certainly put my money where my mouth is on BWMG! Merry Christmas!!
BWMG!!
Nice update! Added more MVNT today! Profits later!
Added more DMAN this week at .0016!!!
Happy Holidays to you, as well. And yes, BWMG shareholders should be sitting pretty shortly, IMO.
BWMG!!!!
If revenues correspond with expectations, this one could really elevate. Been here a while, but not as long as the other one. I wouldn't be
surprised to see .10 to .15 here in the coming months. JMO. Gemstone57 seems to have done extensive DD and has posted more specific info. Nice outlook, IMO.