FORT LAUDERDALE, Fla., June 20, 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 that its CEO Robert Carmichael had been interviewed related to the innovative Molecular Impact Energy (MIE) technology for the marine industry in a June 15th article titled "Brownie's Marine sees steamy side for its technology". The article can be viewed by signing up for a free trial membership for free trial membership at http://pipeline.thedeal.com.
The Deal Pipeline is a transaction information service that helps the leading corporations, hedge funds, private equity firms, investment banks and law firms develop ideas that turn into profits. It delivers breaking news, sophisticated commentary and data-driven analysis that reveal the inner workings of the financial markets.
The article reveals further insights into what could entail huge possibilities and applications of the Molecular Impact Energy and what this could mean for Brownie's Marine Group.
A license offers easy-to-use, personalized Web and mobile access while also enabling integration into existing company platforms. The article featuring Brownie's Marine Group is 2 pages longreflecting a great deal of Q&A with Brownie's CEO Robert Carmichaeland provides a good overview of the Brownie's current status of applying the MIE technology.
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. "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 forward looking statements include potential commercialization of the MIE technology for marine applications, the viability of the MIE technology, the potential realization of new revenue streams from the MIE and other patent and license rights, and our success in obtaining venture partners to help fund the testing of the MIE technology These risk factors include, among others, limited operating history, our ability to obtain funding for the MIE project, and the efficacy of the MIE technology in marine applications, difficulty in identifying and marketing products, intense competition, substantially increasing the enterprise value of Brownie's, successfully commercializing other patents, generating new lucrative streams of revenue form the MIE, 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, http://browniesmarinegroup.com.
Contact:
Robert Manuel Carmichael
CEO
Brownie's Marine Group
954-462-5570 x 202
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