UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) May 21, 2021
Brownie’s Marine Group, Inc.
(Exact name of registrant as specified in its charter)
Florida | 333-99393 | 90-0226181 | ||
(State or other jurisdiction of | (Commission | (I.R.S. Employer | ||
incorporation or organization) | File Number) | Identification No.) |
3001 NW 25 Avenue, Suite 1, Pompano Beach, FL 33069
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code: (954) 462-5570
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
[ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
[ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
[ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
none | not applicable | not applicable |
Indicate by check mark whether the registrant is an emerging growth company as defined in in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company [ ]
If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item 7.01 Regulation FD.
On May 21, 2021, Brownie’s Marine Group, Inc. issued a press release announcing its exclusive US and Caribbean distributorship with Bright Weights. A copy of this press release is furnished as Exhibit 99.1 to this report.
Pursuant to General Instruction B.2 of Form 8-K, the information in this Item 7.01 of Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise be subject to the liabilities of that section, nor is it incorporated by reference into any filing of Brownie’s Marine Group, Inc. under the Securities Act of 1933 or the Securities Exchange Act of 1934, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Incorporated by Reference | Filed or | |||||||||
No. | Exhibit Description | Form | Date Filed |
Number |
Furnished Herewith | |||||
99.1 | Press Release dated May 21, 2021 | Furnished |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Brownie’s Marine Group, Inc. | ||
Date: May 21, 2021 | By: | /s/ Christopher Constable |
Christopher Constable, Chief Executive Officer |
Exhibit 99.1
Brownie’s Marine Group, Inc announces an exclusive distributorship with Bright Weights
Pompano Beach, FL, May 21, 2021 (GLOBE NEWSWIRE) — Brownie’s Marine Group, Inc. (OTCQB: BWMG), a leading developer, manufacturer and distributor of tankless dive equipment and high-pressure air and industrial compressors in the marine industry, today announced that they have entered into an exclusive distributor agreement with Chrysalis Trading CC DBA Bright Weights for the US and the Caribbean.
Robert Carmichael, Chairman of Brownie’s Marine Group stated “We have been looking for the proper ballast systems that provides flexibility and is more unique than the traditional source of lead ballast available here in the US. Bright Weights provide us with additional items to service the dive community that are complementary to our Brownie’s line of tankless diving equipment. This exclusive distributorship will provide our customer base, as well as new sources of distribution, an alternative to traditional lead, that will allow the end user to customize weight, customize weight placement and have a variety of colors to choose from. It will also ease the inventory burden on the dive store owners, as it provides a single weight SKU rather than the multiple weight SKU’s that are currently required. We are excited to bring this product to market in the US and look forward to providing the consumer with a Bright Weight alternative.”
“Bright Weights have been on the technological leading edge of weighting solutions for divers for more than 20 years. Innovation, quality and value for money make our products stand out above the rest. We are happy and confident to have partnered with Brownie’s Marine Group in introducing our outstanding, multiple award winning products to the US market. They are an established “salt of the earth” company and we look forward to gaining exponential market share with their proactive approach. All divers need weights. Accordingly, we believe that our products will open many doors for Brownie’s resulting in strong and sustainable growth for the group.” stated Jannie Wessels, CEO of Bright Weights.
Bright Weights will be available on Brownie’s website www.browniedive.com and other online marketplaces in coming weeks. Additionally, the company will provide direct delivery to all south Florida dive stores.
About Brownie’s Marine Group
Brownie’s Marine Group, Inc., is the parent company to a family of innovative brands with a unique concentration in the industrial, and recreational diving industry. The Company, together with its subsidiaries, designs, tests, manufactures, and distributes recreational hookah diving, yacht-based scuba air compressors and nitrox generation systems, and scuba and water safety products in the United States and internationally. The Company has three subsidiaries: Trebor Industries, Inc., founded in 1981, dba as “Brownie’s Third Lung”; BLU3, Inc.; and Brownie’s High-Pressure Services, Inc., dba LW Americas. The Company is headquartered in Pompano Beach, Florida.
For more information, visit: www.BrowniesMarineGroup.com.
About Chrysalis Trading CC DBA Bright Weights
Bright Weights is a manufacturer of fitness and dive equipment based in Cape Town South Africa. The company has been manufacturing fitness and dive equipment since 1999.
For more information, visit: www.brightweights.com
Safe Harbor Statement
This press release may contain forward looking statements which are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors. Stockholders and potential investors should not place undue reliance on these forward-looking statements. Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements in this report are reasonable, we cannot assure stockholders and potential investors that these plans, intentions or expectations will be achieved. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 as filed with the Securities and Exchange Commission (the “SEC”) and our other periodic and quarterly filings with the SEC.
Source: Brownie’s Marine Group, Inc.
Contact Information: (954)-462-5570
investors@browniesmarinegroup.com