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,