Brownie’s Marine Group Inc (OTCMKTS:BWMG) owns and operates a portfolio of firms in the industrial as well as recreational diving industry. Brownie Marine Group, along with its subsidiaries, designs as well as manufactures recreational hookah diving, yacht-based scuba air compressors as well as nitrox generation systems. It is engaged in the manufacturing of scuba and water safety products, all of which are sold in the United States and other locations. Currently, it has five subsidiaries including BLU3, Inc, Brownie’s Third Lung; LW Americas; Submersible Systems, Inc and Live Blue, Inc.
Trading Data
On Monday, BWMG stock fell 14.53% to $0.0367 with more than 50K shares, compared to its average volume of 45K shares. The stock moved within a range of $0.0341 – 0.0367 after opening trading at $0.0341.
Brownies Marine Group, Inc. (OTCQB: BWMG) subsidiary Live Blue, Inc. Launches Guided Tours Featuring Tankless Diving
Brownie’s Marine Group Inc’s wholly owned subsidiary, Live Blue, Inc on August 1, 2022, confirmed launching a novel underwater experience in the summer with guided tours. The tours will feature its sister company BLU3’s tankless diving system, Nemo.
Divers participating in the underwater experience will be using the Nemo dive system, a battery-powered, custom-designed compressor, which can float right behind and above divers. Tankless scuba diving combines the simplicity of snorkeling as well as the thrill of scuba diving.
A diving experience made for people who have done snorkeling earlier, participants can engage in adventure alongside an authorized Live Blue dive guide. The guide will be giving hands-on training as well as guidance to ensure that newcomers can learn to comfortably dive at 10 feet for 45 minutes. It serves as an excellent introduction to diving even as it bridges the gap between diving and snorkeling and diving. Divers can immerse themselves in the underwater world avoiding hassle as well as the weight of heavy scuba gear/equipment.
Participants can watch a 15-minute introductory video before arrival or on arrival at the guided tour location. They can then meet with the dive guide for going over lessons, drills, and skills before going for exploration.
Divers participating in the guided tour can be introduced to Nemo products as well as the underwater world. Divers can put part of the guided tour fee toward buying of Nemo system.
Chris Constable, CEO of Brownie’s Marine Group said that the live experience is the culmination of the work done by the company. Constable added that it gives customers a chance to enjoy the underwater world with a qualified guide. He further added that the differentiating factor is that customers get an opportunity to buy one of the units after completion of the tankless dive adventure.
Brownie’s Marine Group Announces 107.5% Increase in Revenues for Q1-2022 vs. Q1-2021
Brownie’s Marine Group Inc on June 1, 2022, announced results for the first quarter ending March 31st, 2022.
Chris Constable, CEO of Brownie’s Marine Group, Inc said that the company continues to witness growth across business segments. He expressed delight in the results as compared to a year back. Constable further stated that growth is supercharged by the Blu3 division, and the firm is making an expenditure in expanding brand recognition during the quarter. As per the CEO, the expense is worth it as it can facilitate the pace of growth.
Technical Data
BWMG stock is trading below the 20-Day and 50-Day Moving averages of $0.0400 and $0.0398 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0389. The company has a total market capitalization of $15.05 million. The stock is up 11% over the past 6 months.
