Brownie’s Marine Group Files Claim for Economic Damages Against the Deepwater Horizon Settlement Fund

FORT LAUDERDALE, Fla., July 2, 2012 Brownie's Marine Group, Inc. (OTCBB:BWMG ), a leading developer, manufacturer and distributor of highly specialized dive and safety products, today announced that it had filed a claim against the BP Deepwater Horizon Settlement Fund to recover economic damages it had suffered as a result of the BP oil spill in the Gulf of Mexico on April 20, 2010. Robert Carmichael, Chairman and CEO stated, “The BP oil spill had a significant negative economic impact on our business in the Gulf States