Revenues Increase 67.6%, Gross Margin Significantly Improved
FORT 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 ended March 31, 2012 compared to 6.4% for the same period ended March 31, 2011
· Total operating expenses in 2012 increased from to $439,948 from $229,630 in 2011. 2012 expenses operating expenses results included approximately $205,000 of non-cash expenses comprised of $125,000 of amortization of equity based compensation and approximately $80,000 in consulting fees and legal expenses.
· Loss per...