Replies to post #13201 on Brownie's Marine Group Inc (BWMG)

[geodan]

Employees Lenhardt & Wagner GmbH Company 20 - 49 Employees

Sales 2014 5 - 10 miljonit EUR so about $7-15 million USD

So BWMG gets western hemi sales for a $10 million sales company. And there is a lot more diving would guess in western hemi. Getting an extra $2 million in sales seems reasonable with a couple of years, maybe $5 million with time.

This will immediately create large sales growth for BWMG and profit margins should be high and very much high ticket items. Some of those machines look like well over $100,000.

[geodan]

Anyone notice Distribution Agreement? This Biggest News In Years for Brownies.

I missed the 10Q for a few days, but see no mention here of the agreement with Lenhardt & Wagner GmbH to be their sole distributor in Western Hemisphere. Being L&W is a $10 million or so company, Brownies getting $2 million a year in extra sales per year seems reasonable in their territory.

"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”)."

This is not just diving equipment they have industrial compressors too.

http://www.lw-compressors.com/en