Bulova Technologies Group, Inc. Announces the Formation of Bulova Technologies Machinery LLC June 24, 2013
Tampa, FL - (Business Wire) - June 24, 2013 - Bulova Technologies Group, Inc. (OTCQB: BLVT) (the "Company") announced today the formation of Bulova Technologies Machinery LLC, the Company's entre into the machine tool business. The newly formed Bulova Technologies Machinery will import industrial machine tools and related equipment from recognized international sources and establish a Distributor/Dealer Network throughout the United States and Canada.
Bulova Technologies Machinery has appointed Mark Leeser, former president of Hitachi, as its President and Robert Morrison as Vice President of Sales. Mark Leeser and Bob Morrison have over 60 years of combined successful experience in the machine tool industry.
Mark Leeser stated, "Our Team is widely known and respected within this industry. We are looking forward to promoting a national footprint for the growth of our business". Bob Morrison, Vice President of Sales, added, "We are extremely pleased to become a part of the Bulova Technologies group providing the manufacturing sector with quality machines at highly competitive prices, generally ranging from $50,000 to $250,000 per machine".
Stephen L. Gurba, President and CEO of Bulova Technologies Group, Inc. stated, "The addition of this commercial technology business strengthens our ability to significantly increase sales and profitability as a part of our overall business plan".
About Bulova Technologies Group, Inc. Bulova Technologies Group, Inc., Bulova Technologies Ordnance Systems LLC and Bulova Technologies Europe LLC are headquartered in Tampa, Florida. Bulova Technologies Group, Inc. is registered with the United States Department of State Directorate of Defense Trade Controls (DDTC) as a broker.Please visit our website at www.BulovaTechGroup.com for more information.
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management.
Bulova Technologies Group, Inc. Stephen L. Gurba, 727-536-6666