Dive, Safety Products Company, Files 'Deepwater Horizon' Claim

Press Release
Thursday, July 05, 2012

Brownie's Marine Group files claim for economic damages against the Deepwater Horizon Settlement Fund

Brownie's Marine Group, Inc. a leading developer, manufacturer and distributor of highly specialized dive and safety products, announce 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 where we operate.

I'm pleased to report that a recovery has started to occur in the affected areas with respect to orders we are seeing for Brownie's products, however, we still see the lingering impact of the spill.

We have filed this claim because we believe we are entitled to substantial compensation for the loss of orders we suffered subsequent to the oil spill."

Brownie's Marine Group, Inc. and its wholly owned subsidiary, Trebor Industries, Inc., d/b/a Brownie's Third Lung, based in Fort Lauderdale, Florida designs, tests, manufactures and distributes recreational hookah diving, yacht based scuba air compressor and Nitrox Generation Systems, and scuba and water safety products.

 

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