Brownie’s Cancels Letter of Intent to Acquire U.S. 1 Scuba, Inc.

FORT LAUDERDALE, FL – July 8th, 2011 – Brownie’s Marine Group, Inc. (OTCBB: BWMG), announced today that it had cancelled its previously announced Letter of Intent to Acquire U.S.1 Scuba Inc. Brownie’s Marine Group Chairman and CEO Robert Carmichael commented, “We are disappointed that we were unable to reach mutually agreeable terms to acquire U.S. 1 Scuba, Inc., We are in meaningful discussions with a number of interested parties who embrace our concepts, and remain confident that our acquisition strategy will yield positive results for our shareholders.”

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.

For more about Brownie’s visit: www.browniesmarinegroup.com. 

Safe Harbor

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including our expectations about forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods. Forward-looking statements are based on our current expectations of future revenues, the level of market acceptance of our variable speed dive systems and other new technologies, the assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Further information on the company's risk factors is contained in our filings with the Securities and Exchange Commission, including the Form 10-K for the year ended December 31, 2010. Any forward-looking statement made by the company in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

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