Brownie's Marine Group Inc (BWMG)

[geodan]

Distribution agreement is a big deal.

Subsequent to the period covered by this report, on August 7, 2017 the Company entered into an Exclusive Distribution Agreement with Lenhardt & Wagner GmbH (“L&W”), a German-based company engaged in the development, manufacturing and sales of high pressure air and industrial gas compressor packages. Under the terms of the Exclusive Distribution Agreement, we were appointed the exclusive distributor of L&W’s complete product line in North America and South America, including the Caribbean (the “Territory”). Pursuant to an intercompany assignment, Brownie’s High Pressure Compressor Services, Inc., our newly-formed wholly-owned subsidiary (“BHP”), is party to the agreement.

Through BHP we expect to conduct business and build the brand name “L&W Americas/LWA”, establishing sales, distribution and service centers for high pressure air and industrial gas systems in the dive, fire, CNG, military, scientific, recreational and aerospace industries. Our goal will be to build a network of jobbers, dealers, installers and high-pressure compressor distributors throughout the Territory by leveraging our know-how, brand awareness, complimentary products and creating sustainable distribution and core product OEM integration relationships.

Its a big company and Brownies gets 100% of western hemisphere sales. Have to presume that will be a lot of money. Missed the 10Q until today.

This is the list of other distributors, https://www.lw.com.sg/distributors.php

separate dist for Bangladesh and Brunei, both tiny markets, Brownies gets half the world. This is a big deal.