BWMG Considering Spin-Off


Brownie’s Marine Group, Inc. (BWMG), a leading developer, manufacturer and distributor of highly specialized dive and safety products, announced Friday after the Market close that that its BoD authorized the Company to evaluate strategic alternatives for its steam generation technology rights; including the separation of this potential business platform into a new company through a spin-off or other transaction.

BWMG Stock Chart

BWMG claims that in recent testing, the Molecular Impact Energy (MIE) steam generation system produced continuous steam without the aid of a conventional boiler apparatus. The MIE system was also successfully attached to a conventional double acting two-cylinder steam engine. Developing a test platform to prove the relative energy efficiency of the MIE invention and its integration into the marine industry are key near-term goals of the Company. BWMG maintains exclusive rights to this technology for marine industry applications.

Each and every time a Company releases news at precisely the same time the market closes, the stock has a high level of activity in the following trading session. BWMG has been a top performing penny stock in recent weeks and should continue to see a high level of volatility.

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