Brownie's Marine Group Inc (BWMG)

[cloggerwanabe]

Visited the BWMG headquarters Tuesday!!

Thank you so much Robert for the personal tour.


This is what I took away from the visit

1.Nemo is getting very close.
There is an excitement there that big things could be coming.

I was amazed at the the level to which this is manufactured. Totally from scratch. They build pretty much everything. I asked Robert about this and he said it was the best way to keep the margins on it high.

They have a lot of the parts made ahead, stocked and ready to go. They are waiting for the last few pieces and they will start production.

This is the part of the company that could really make this thing go. I am hoping (praying) that it will be well received. I think there projections for sale of the nemo are very reasonable. Once they get on the shelves I believe they will really take off. They are selling now on indiegogo now (191,687) They raised(138320) on the offering so that means they have sold 53,367 since they finished.

Nemo is also getting reviews in diving magazines and I think this is something that will really accelerate when they are available. I am sure Robert and crew have things planned to make this happen if it doesn't on its own.


2. L&W is starting to sell more according to there sales team and Robert. The lead salesman said he felt that sales were finally starting to take of instead of remaining the same, which sales did for the first year. So that is really good news to me as the last time I visited I thought they would take off right way.

Robert said they were also making inroads into South America and the Caribbean.

Robert also mentioned they may be selling to fire departments soon.


3. I believe the core of BWMG which is the "other sales" is getting a bump from the Sea Lion. That is the battery powered diving system.

Robert said they were switching back to the Honda motor for the gas powered system as the name recognition was better with Honda than what they were using. Robert wasn't convinced that Honda was a better motor but that sales were better when they used the Honda motor.

I was surprised at all the new motors and parts for the gasoline powered dive system that were all over the place. I have pictures and will post them when I get home. I also have pictures of the new assembly line. Very bare bones and looks very efficient.

Overall a very good time and met most of the employees again and had a wonderful tour.


Thanks again Robert


Joe