Brownie’s Marine Group Reports First Quarter Results
Revenues Increase 67.6%, Gross Margin Significantly ImprovedFORT LAUDERDALE, Fla., May 22, 2012 -- Brownie's Marine Group, Inc. (OTCBB:BWMG ), a leading developer, manufacturer and distributor of highly specialized dive and safety products, today announced its operating results for the first quarter ended March 31, 2012; · Revenue increased 67.6% to $ 608,126 for the quarter ended March 31, 2012 compared to $362,900 for same period ended March 31, 2011. · The gross profit margin increased to 22.3% for the quarter