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Brownie’s Patented Nitrox Maker™ To Be Featured At Bauer Compressors, Inc.’s Booth At the DEMA Dive Industry Trade Show
http://www.browniesmarinegroup.com/blog/brownies-patented-nitrox-maker-to-be-featured-at-bauer-compressors-inc-s-booth-at-the-dema-dive-industry-trade-show/#more-2476
Brownie’s Patented Nitrox Maker™ To Be Featured At Bauer Compressors, Inc.’s Booth At the DEMA Dive Industry Trade Show
Posted on November 1, 2012 by Mikkel Pitzner
PRESS RELEASE
FORT LAUDERDALE, Fla., November, 1, 2012 — Brownie’s Marine Group, Inc. (OTCBB: BWMG), a leading developer, manufacturer and distributor of highly specialized dive and safety products, announced for the first time, Bauer Compressors, Inc. a highly respected industry leader in the marine compressor market, will feature a Commercial Series Nitrox Maker™ system by Brownie’s Marine Group in its booth at DEMA show. The annual DEMA trade show is considered the premier tradeshow for the dive industry and will be held from November 14-17th 2012 at the Sands Expo Convention Center in Las Vegas, Nevada.
Robert Carmichael, President and CEO of Brownie’s Marine Group stated, “Our proprietary Cool-Temp membrane technology has given us an indisputable track record of exceptional performance in operations where others fail. Unlike other nitrox production systems, our Nitrox Makers™ steadily produce the commonly requested nitrox mixtures at much lower operating temperatures. Our unique and proprietary technology allows reliable gas production at temperatures that do not harm the Bauer HP compressor or reduce its purification efficiency. Competitors using the old-style high-temperature membranes designed for Nitrogen production have necessarily resorted to complicated and expensive custom water-cooling of the Bauer, adding multiple single-point failures and reducing the core value of global Bauer support.”
Mr. Carmichael commenting further about the collaboration with Bauer Compressors, Inc. remarked, “This strategic partnership with Bauer Compressors is a major milestone for us at Brownie’s Marine Group and also for our many long term investments into our technologies, patents and or R& D. The recognition of our Nitrox Maker by the world’s number one compressor manufacturer is a true testament to our efforts, results and Nitrox Systems. Brownie’s Marine Group manufactures Nitrox Maker™ systems in sizes to match the most popular Bauer high-pressure compressors. Together, they create a simple and reliable machinery package capable of producing gas mixtures from 21% air to 38% nitrox. We believe that our Nitrox Maker™ will become the industry standard in this category.”
Bill Dickson, Sales Director for High Pressure Breathing Air Products, said, “The Brownie’s Nitrox Maker™ systems have demonstrated the ability to consistently produce nitrox mixtures within the allowable parameters for inlet conditions of our high-pressure compressors. We are very enthusiastic to partner with Brownie’s to provide the highest quality nitrox production systems available to the dive industry.”
For more information or to see a typical full system configuration, visit the Bauer Compressors, Inc. DEMA booth 3227. Robert Carmichael will himself be at the DEMA show to present the New Commercial Nitrox Maker™ system.
About Bauer Compressors, Inc.
Bauer has been manufacturing high pressure compressors for over 60 years. From humble beginnings in the Bauer family home in Munich, Germany in 1946 to the current status as an industry leader, Bauer has earned its reputation as the world’s foremost innovative designer and manufacturer of high pressure compressors and purification systems.
Since its inception Bauer has expanded internationally with offices in Italy, Japan, Hong Kong, Singapore, Austria, England, France, United Arab Emirates, Egypt, India and the United States. The U.S. facility, Bauer Compressors, Inc. of Norfolk, Virginia was founded in 1976. BAUER Norfolk has experienced continued growth in sales and has expanded to the present 115,000 square foot facility. Bauer Norfolk is headquarters for branch offices in Miami, Los Angeles, San Francisco and Detroit.
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.
Wow, pretty good insight especially with the last points about large company being able to do more with a patent than a small one.
It's making me realize how big these partnerships can be, and now Bauer is showing Brownie's products at their own booth!
You can start by thinking about which companies would be interested in buying them out.
BWMG really does have a lot of patents to offer and the fact that they are acquiring partners means they are patents worth something to others.
Too quiet around here!! A lot to be excited about! We need to get more eyes on BWMG! Here is the most recent news and you can read all about them on their blog.
http://www.browniesmarinegroup.com/blog/
Brownie’s Marine Group Reports Third Quarter and YTD Results Revenues Increase 50.2%, Gross Margin Significantly Improve
Posted on November 14, 2012 by Mikkel Pitzner
PRESS RELEASE
FORT LAUDERDALE, Fl., November 14th, 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 its operating results for the third quarter and nine month year-to-date periods ended September 30, 2012 and September 30, 2011.
Third Quarter 2012 compared to Third Quarter 2011
• Revenue increased 50.2% to $990,388 in 2012 compared to $659,261 in 2011.
• The gross profit margin increased to 39.3% in 2012 compared to 25.6% in 2011
• Total operating expenses increased from $361,341 in 2011 to $483,735 in 2012.
• The loss from operations was 94,915 in 2012 compared to a loss of $192,331 in 2011
Nine months YTD 2012 compared to Nine Months YTD 2011
• Revenue increased 45.1% to $2,349,004 in 2012 compared to $1,619,355 in 2011.
• The gross profit margin increased to 33.4% in 2012 compared to 24.2% in 2011
• Total operating expenses increased from $999,260 in 2011 to $1,419,074 in 2012.
• The loss from operations was $633,481 in 2012 compared to a loss of $607,765 in 2011
Operating expenses for the nine month period ended September 30, 2012 include approximately $473,000 in non-cash expenses comprised of amortization of equity based compensation, officers compensation, and consulting, legal, and other professional expenses; compared to $27,000 in these same expense categories for the nine month period ended September 30, 2011.
Recent 2012 Highlights
August: New high-production compressor housing tooling and first round of parts begin integration to production line after 2-years of development and begin yielding substantial margin and consumer benefits.
September: West Marine, the largest specialty retailer of boating supplies and accessories in the world, features the Company’s new, patent-pending “VS” dive system in the Annapolis Sail and Powerboat Show’s
October: 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.
November: negotiates favorable lease with new property owner of the Company’s main facility representing +$10,000/month in cash savings.
November 14th will mark the opening of the dive industry’s annual “DEMA” show in which Bauer Compressors Inc will introduce the Company’s patented Nitrox Maker and strategic partnership to the global dive world.
Robert Carmichael, Brownie’s Chairman and CEO stated, “We have made tremendous operating progress in 2012 and entered into a number of alliances and agreements that we believe will have a significantly positive impact on Brownie’s in future periods. I want to personally thank the dedicated employees of Brownie’s, our Board of Directors, and our outside professionals who have sacrificed, persevered and have supported us during a very difficult period in Brownie’s history, and in our in industry. Our focus in 2012 has been to increase our cash flow to sufficient levels where we can fund our operations and purchase materials in sufficient quantities to generate margin expansion. The debt proceeds from financings have been used prudently as evidenced by our operating improvement and nearly a 1000 basis point improvement in our gross margin. We believe further margin expansion opportunities exist for Brownie’s with sufficient capital.”
Mr. Carmichael further stated, “The additional non-cash expenses we have incurred this year in the form of stock compensation have enabled us to preserve cash to help achieve our gains so far in 2012. While challenges remain ahead of us, we are confident that we are now closer than at any time during the past three years to generating annual profitability and sufficient cash flow, not only to fund our business, but to begin reducing convertible debt levels. We look forward to continuing making excellent progress toward our objectives and significantly increasing Brownie’s enterprise value for our shareholders.”
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.
This is not a bad thing, it's called a "Low Volume Pullback"
Here is a link to Investopedia and the definition.
http://www.investopedia.com/terms/l/low_volume_pullback.asp#axzz2CQAfaTgZ
BWMG, we had a great week, look to continue into next week!
We are up 90.83% since Monday. I almost think a red day is good because people will feel better about jumping in after a little pull back. Who knows, today may end like the previous days where people were buying up shares EOD and we finish green again.
Looks like cheapies here for those that have powder left!
Hoping to hear an update from the company soon in regards to the DEMA show, would set it up nicely for next week if they release something today, even after the bell.
I'm not really sure what you are getting upset about.
1 Minute the company is hugely undervalued, the next minute "big dogs" are playing games?
There is nothing wrong with people who got in at .008-.009 selling at 100% profit! And as you can see, we are hovering around that mark still. Yes, there may be a pullback, but I think .0012 (50MA) is a strong support.
I think you need to figure out what your entry point is and stick to it. Price has been steadily increasing all week. You could have bought in any day (including today) and already be in the green.
We MAY be hearing from the company once the DEMA show is over on how things went. If that happens I believe we will be easily trading in the .002's next week.
It "blipped" down to .0011 for a split second. You should have had your buy order in! ;)
I believe you said today could be very volatile, so you were right, but guess what, we are still green,5 days in a row!
The intraday action doesn't change anything about the company, you said you went over financials with a CPA, all that still remains the same no?
Even if we don't break into .002's today, it's been a big week for BWMG and the people who got in below .001!
I think the ask will be back below .002 before the open...
Hey CS,
Glad to hear you did some DD and are now looking to take more than your starter position.
I believe the people currently posting (including me) are true longs waiting for .01+
About 2 weeks ago, there were a few groups who were playing this, hence the quick rise and fall in the chart. MOMO came and went. The longs are excited this time because the climb is a bit steadier.
From recent conversations and board DD, we figured out that the BP oil spill hit the company quite hard and that's part of the reason the stock plummeted. We also know BWMG put in a claim to BP for damages. There was some exit enemy here yesterday because Bman found an article saying BP is settling ALL of its claims/disputes against them with X amount of dollars (cant remember the figure at the moment). Some of that should be coming BWMG's way though.
Anyway that's enough from me, plenty of other DD to dig up like their patents, trade shows and newly formed partnerships.
GL!
Chart is looking good, green every day this week. This thing seems to consolidate intraday and finish strong, lets hope it continues into tomorrow and maybe more eyes will be here during the weekend. Have a good night everyone, great day today.
Nice, I picked up another 400K at .0018 today (earlier in the day). Happy to slap the ask! Hoping we see .002's tomorrow and into next week.
Below is a breakdown of the last 3 days and today... We were at .009 all last week and early this week. We have made huge gains in a short time and guess what, we are still green today.
11/15/12 0.0016 +0.0001 +6.67% 10,529,131
11/14/12 0.0015 +0.0003 +25.00% 44,631,898
11/13/12 0.0012 +0.0003 +33.33% 19,000,000
11/12/12 0.0009 +0.0001 +12.50% 3,672,000
No one is pumping, we are trying to get the word out about a company which seems to be doing right by shareholders so far. Being transparent and keeping us up to date with new partnerships.
I'm happy with the slow and steady rise. We broke through resistance once this week and with more awareness and news from the company, we should continue as the weeks go by. IMO.
I believe some people on here get excited because this stock can move fairly quickly, .002's was not out of the question today, but even if we don't get there today, we are still green and in an uptrend.
Can't complain about that. IMO!
Nice job!
Let's keep it going into the afternoon!
Red day on low volume so far, not a bad thing!
.0012 was resistance and we broke through it, it should hold as support and we haven't tested it today. I agree, we have had a few green days in a row and it can't be green every day. We churned quite a bit at these levels yesterday.
We have a lot less volume today, with high volume, this thing rockets up. I don't mind churning for a day or two. We should see more news from the DEMA show soon. (Maybe today?!) and then we fly! IMO
Good luck to you and all the longs.
I'm liking this, bid get's hammered and dumped on, but it comes right back, hopefully into stronger hands. We are holding our gains from the past few days.
Gap is now filled, let's see if we can get some MOMO going after lunch!
I slapped the ask at .0018, happy to lock them away for a while, but I'm out of powder for the rest of this week..
Applied to be a mod just now and was approved. Updated the news with the correct date, anyone else would like something stickied, let me know!
Nov 14, 2012 NEWS!!
(GlobeNewswire via COMTEX) -- Revenues Increase 50.2%, Gross Margin Significantly Improved
FORT LAUDERDALE, Fla., Nov. 14, 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 its operating results for the third quarter and nine month year-to-date periods ended September 30, 2012 and September 30, 2011.
Third Quarter 2012 compared to Third Quarter 2011
-- Revenue increased 50.2% to $990,388 in 2012 compared to $659,261 in
2011.
-- The gross profit margin increased to 39.3% in 2012 compared to 25.6% in
2011
-- Total operating expenses increased from $361,341 in 2011 to $483,735 in
2012.
-- The loss from operations was 94,915 in 2012 compared to a loss of
$192,331 in 2011
Nine months YTD 2012 compared to Nine Months YTD 2011
-- Revenue increased 45.1% to $2,349,004 in 2012 compared to $1,619,355 in
2011.
-- The gross profit margin increased to 33.4% in 2012 compared to 24.2% in
2011
-- Total operating expenses increased from $999,260 in 2011 to $1,419,074
in 2012.
-- The loss from operations was $633,481 in 2012 compared to a loss of
$607,765 in 2011
Operating expenses for the nine month period ended September 30, 2012 include approximately $473,000 in non-cash expenses comprised of amortization of equity based compensation, officers compensation, and consulting, legal, and other professional expenses; compared to $27,000 in these same expense categories for the nine month period ended September 30, 2011.
Recent 2012 Highlights
-- August: New high-production compressor housing tooling and first round
of parts begin integration to production line after 2-years of
development and begin yielding substantial margin and consumer benefits.
-- September: West Marine, the largest specialty retailer of boating
supplies and accessories in the world, features the Company's new,
patent-pending "VS" dive system in the Annapolis Sail and Powerboat
Show's
-- October: 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.
-- November: negotiates favorable lease with new property owner of the
Company's main facility representing +$10,000/month in cash savings.
-- November 14th will mark the opening of the dive industry's annual "DEMA"
show in which Bauer Compressors Inc will introduce the Company's
patented Nitrox Maker and strategic partnership to the global dive
world.
Robert Carmichael, Brownie's Chairman and CEO stated, "We have made tremendous operating progress in 2012 and entered into a number of alliances and agreements that we believe will have a significantly positive impact on Brownie's in future periods. I want to personally thank the dedicated employees of Brownie's, our Board of Directors, and our outside professionals who have sacrificed, persevered and have supported us during a very difficult period in Brownie's history, and in our in industry. Our focus in 2012 has been to increase our cash flow to sufficient levels where we can fund our operations and purchase materials in sufficient quantities to generate margin expansion. The debt proceeds from financings have been used prudently as evidenced by our operating improvement and nearly a 1000 basis point improvement in our gross margin. We believe further margin expansion opportunities exist for Brownie's with sufficient capital."
Mr. Carmichael further stated, "The additional non-cash expenses we have incurred this year in the form of stock compensation have enabled us to preserve cash to help achieve our gains so far in 2012. While challenges remain ahead of us, we are confident that we are now closer than at any time during the past three years to generating annual profitability and sufficient cash flow, not only to fund our business, but to begin reducing convertible debt levels. We look forward to continuing making excellent progress toward our objectives and significantly increasing Brownie's enterprise value for our shareholders."
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.
Forward-Looking Statements:
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, limited financial resources, general economic conditions in the marine industry, commercializing new technology, obtaining financing to open a BAC store, 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 .
Contact:
Robert Manuel Carmichael CEO Brownie's Marine Group 954-462-5570 x 202
This information was brought to you by Cision http://www.cisionwire.com
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Brownie's Marine Group, Inc.
Been 3 full minutes, still not getting filled...
No time like the present!
Slapping the ask again right MEOW!
It's fine as far as I know! 2 boards down, will post more around iHUB when I have time, need to get back to work!
Might sell some other stock today to help this along, let's get into the .002's and stay there!
BWMG Looking good this week, green days so far this week and the trend continues today, transparent company, huge boat show this week, news expected from new formed partnerships!
Agreed, I posted on the matrix since a lot of those guys were in this a few weeks ago. I suggested everyone invested in this find a MOMO board they like and do the same!
BWMG Still looking strong, been nice green days so far this week, if we break .0019, we fly through the .002's!!
Someone is listening :) .0018's just got taken out, let's break into the .002's today!
Hello! Anybody home? We come off a huge day yesterday and today nothing!?
Well, looks like no one wants to sell at least... those bids better start slappin' the ask!
All good, just wanted to be sure I wasn't missing something!
We did hold above the 50 and the 100 is at .0029, I'd say that's the next target! We hit .002 early this morning before it got held down. Maybe we see it hit the 100 tomorrow?!
I messaged one of the mods, he said he would be updating the stickies with the newest updates tonight.
Lets rock tomorrow!
Sorry, but isn't the 200 at .0139?
Either way, hoping for more green tomorrow!
Do we have any active Mods that can update the stickies with the recent news?? A lot going on this week so far and all of the info on top is not up to date. Thanks, go BMWG!!
Just slapped the ask for another 100k shares, let's bust through the .0019's before the end of lunch, forget EOD! ;)
Go BWMG!!
We busted into the Most Read list! More and more eyes on this! Go BWMG!
They do like to release news on Thursday, I expected financials would be out on that day because of the trend.
I think you are on to something, other news on that day would be fantastic!
They moved up, this is heating up and we are already up 22%, going to be a big day! IMO, Go BWMG!!
This is looking better and better! Those bids need to move up to .001, we are about to move IMO!
Looking good here today, congrats to the longs who held. Now it's time to move up! Solid financials, moving forward as a company, go BWMG!
Great to see we got an update from the company. Lowering cost is always a good thing and now there will be better communication between the employees.
Mods, is there a reason why the news is not stickies? Thanks!
Looking forward to next week.
I saw how quickly we moved over 100% on no news just 2-3 weeks ago. The flippers got out and we had our pullback.
Now with new partnerships, trade shows and financials coming soon, we should blow past the recent highs.
Let's go BWMG!!!