Bulova Technologies Group, Inc. News

Green Baron Special Report
May 10, 2012 - Press Release

Common Shares Outstanding - 873.29M (As of 03/01/12)
Float - 236M (As of 03/01/12)
Market Cap: 3.5M
52-Week High / $.0749 on Wednesday, June 15, 2011
52-Week Low / $.0026 on Thursday, January 5, 2012
Average Price: .0066 (50-day) / .0137 (200-day)
Average Volume: 464,321 (50-day) / 1,155,129 (200-day)

Bulova Technologies Maintains Over $300 Million in Current Contracts with U.S. Department of Defense

The Green Baron: BLVT could easily rally 5 to 10 times from current price of only ½ cent per share


Click Here for 52-Week Chart on BLVT

In late December of 2010, we predicted BLVT would rally at least 100% by end of the following month, and it did. In October of 2011, we predicted BLVT would rally big and it posted an 80% gain within days. In January and early February of this year, BLVT rallied over 4 times in value off the previous 30 day low. Now, The Green Baron Report is ready to make its best prediction yet: a move of over 500% from the current price of ½ of a cent.

The Green Baron Report has selected Bulova Technologies Group, Inc. (OTCQB: BLVT) for this "Special Updated Stock Pick" report. We believe strong technical and fundamental reasons now exist to support our position, and we now suggest members accumulate the stock as close to our profile price of .005 as possible. Results compiled from the most recent trade prior to dissemination of this report to the subsequent high will be closely monitored at www.thegreenbaron.com and through email updates to members. We have very aggressive price projections for BLVT and believe the stock has huge upside potential based on several positive fundamental factors.

Trader's Notes: BLVT is current with its SEC filings and it designated as OTCQB at www.OTCMarkets.com. The spread is typically very tight and volume is regularly active. At year-end 2011 and starting off the year in 2012, BLVT hit a low point at .0026. After a large volume trading day in early January occurred, BLVT started to rally for the balance of the month and closed January at about .01 per share.

In early February 2012, BLVT continued to rally at hit a high of .0185 per share. However, the stock drifted lower by the end of month and dipped below the .01 level again. By late March, volume dropped substantially and the stock has been pegged at about .005 per share since.

The market cap at this level is less than $5 million. The stock is trading just below the 50-day moving average and is significantly below the 200-day moving average. A move above the 200-day average should create a strong buy signal and send the shares greatly higher.

Headquartered in Clearwater Florida, the Bulova Technologies Group of companies consists of two operating subsidiaries, Bulova Technologies Ordnance Systems and Bulova Technologies (Europe). The Headquarters facility is under a long term lease. The Company has approximately 120 employees between its headquarters and facilities.

Bulova Technologies Ordnance Systems, LLC is located on 261 acres in Mayo, Florida and produces a variety of pyrotechnic devices, ammunition, fuzes and other energetic materials for the U.S. Government and other NATO governments throughout the world. The Company is registered with the United States Department of defense trade Controls (DDTC).

Bulova Technologies (Europe), LLC executes military contracts from the Company's headquarters in Clearwater, Florida and locations in NATO Europe. The Company is registered with the United States Department of defense trade Controls (DDTC) as a broker which allows for the movement of military articles across friendly borders to support soldiers throughout the world.

Through operations based in Mayo Florida, the Company has an extensive history of large scale Defense Contacts for munitions, weapons systems and combat systems. It has multi-decade relations with the Department of Defense, U.S. Army, U.S. Navy, U.S. Marine Corp, and other material acquisitions of the United States and NATO. The Company also has long existing relations with existing manufacturers and providers to provide subcontracting for materials in armaments and electronics.

The Green Baron Report believes Bulova deserves a fresh look for the following reasons:

  • Approved and Certified Specialist - Bulova Technologies Group specializes in the production of fuzes, initiators, arming devices and explosive simulators. Products and services include a variety of pyrotechnic devices, ammunition and other energetic materials for the defense department of the United States and other allied nations throughout the world. The Company maintains ISO 9001:2000 certification. The Green Baron Report sees significant barriers to entry in this market.
  • Supplier to U.S. Government and Leading Defense Companies - Bulova supplies its products to a number of leading defense companies. The Company is a registered broker with the United States Department of State Directorate of Defense Trade Controls (DDTC) and transfers military materials to allied countries. BLVT also maintains requisite licenses with the Bureau of Alcohol, Tobacco, Firearms and Explosives.
  • Current Contracts of Over $300 Million with The Department of Defense - The Company has an extensive and long-standing relationship with in the defense industry. The Department of Defense is one of its largest clients with over $300 million in current contracts.
  • Veteran Leadership - Bulova's quality products and senior management has many years of experience in the defense industry permitting the Company to have a decisive edge as a defense contractor.
  • Quality Products - The Company has extensive in-house testing capabilities in accordance with MIL-STD-810, which ensures efficient and reliable products. The Company conducts complete electrical and mechanical tests before a product leaves the dock. Chemical testing, evaluation, and x-ray examination are onsite capabilities that greatly reduce test and evaluation costs while assuring full compliance to customer requirements.

Green Baron Analysis - Bulova continues to struggle to find a financing package that will put the Company on strong footing. Although there is no guarantee that the Company will secure favorable financing, we believe its huge backlog of awards will support the right group to step up. We strongly believe that Bulova is led by a management team that is likely to succeed in the end.

The current market cap is only $4.28 million. The Green Baron Report views BLVT at this price to be substantially undervalued considering the potential to deliver on contract awards still valued at over $300 million. At .03 per share, BLVT would have a market cap of $26.19 million and at .05 would be $43.66 million. Therefore, we predict BLVT could easily trade up to the .03 to .05 range over the next 60 days with the right combination of fundamental and technical developments. BLVT appears to be way oversold here and is due to wake up - TODAY!!!

History of Bulova Technologies Group, Inc.

The Company started as an operating subsidiary of the Bulova Watch Company, established as a watchmaker in 1875. Post World War II, watch companies were sought out by the U.S. Defense Department to produce military fuzes because of the mechanical time complexities similar to watches. In 1941, Bulova Watch Company began manufacturing products for national defense at actual cost. Bulova has operated as a defense contractor and systems contract manufacturer since WWII.

In 1975, Bulova Watch Company formally established a subsidiary, Bulova Systems & Instruments Corporation ("BSIC"), for its defense operations.

In 1979, Loews Corporation acquired Bulova Watch Company, including its subsidiaries. The Company grew substantially and became profitable in 1982. Revenues from fuzes began accounting for the larger percentage of the business. By late 1980s, the Company recorded almost 30% of its sales from fuzes to the Government. In 1988, Bulova Watch Company changed its name to Bulova Corporation.

In 1989, the BSIC acquired its main competitor, Hamilton Technology, Inc. The merged entity was known as Bulova Technologies, subsidiary of Bulova Corporation. Bulova Technologies, which has been a world leader in fuzes, safe and arming devices, and load, assemble and pack of key military ammunition programs for over 50 years. National Defense Company LLC led by CEO Stephen L. Gurba, acquired Bulova Technologies from Bulova Corporation in 1995. The Company purchased ordnance capability for load, assemble, and packing of munitions from Lance Ordnance in Mayo, Florida in October 2005. The business was named Bulova Technologies Ordnance Systems LLC.

In 2008, BT Acquisition Company LLC, a wholly owned subsidiary of a privately held Florida corporation purchased through an Article 9 foreclosure, certain of the operating assets and member interests of Bulova Technologies, LLC that primarily related to printed circuit board manufacturing, ordnance design, production and combat systems. On January 1, 2009, Bulova Technologies Group, Inc. acquired the privately held Florida Corporation.

Recent Press Releases

Wednesday, February 22, 2012 - Bulova Technologies Group, Inc. and Tri Gas Oil and Trade S.A. sign Agreement, with ITF Enhancing Human Security - CLEARWATER, Fla.- (BUSINESS WIRE) - Bulova Technologies Group, Inc. (OTCQB: BLVT) (the "Company") and Tri Gas Oil And Trade S.A. ("TGT") announced today the signing of an agreement with ITF Enhancing Human Security (formerly the International Trust Fund to Enhance Human Security) ("ITF"), the world's leading military mine removal advocacy organization, to create a team for demilitarization (removal and destruction) of mines and other explosive devices around the globe.

ITF was established by the Government of Slovenia in March 1998 to raise funds, provide services and manage mine action projects. The European Commission acknowledged ITF as the reference model of regional organization in mine action. Since the inception of ITF, over 100 donors have made donations to ITF for mine action activities. Almost 95% of the donations originate from public donors-including 27 governments, the European Union (EU) and the United Nations Development Program (UNDP), and many local authorities. For more information, please visit their website at http://www.itf-fund.si/

Stephen L. Gurba, President and CEO of the Company stated, "This agreement will allow us access to funding sources provided by international donors for the mine demilitarization process employed by ITF and accelerate the expansion of our Mortar Exchange Program."

Wednesday, February 15, 2012 - Weapons Supply to Afghanistan - Bulova Technologies Group, Inc. (OTCQB: BLVT) recently announced that Bulova Technologies "Ordnance Systems LLC ("BTOS") received an award for $4.8 million under the US Army IDIQ Non-Standard Weapons BPA to supply weapons to Afghanistan. These weapons will be provided by Rosoboronexport ("ROE") in Russia and will be delivered to Afghanistan in the Company's third quarter.

As announced previously in our press release dated February 9, 2012, the Company has partnered with ROE to supply Non-Standard Weapons and Non-Standard Ammunition under contract with the US Army for Afghanistan and Iraq. For more information on ROE, please visit their website at www.roe.ru.

Thursday, February 9, 2012 - Bulova Technologies Group, Inc. Partners with Joint Stock Company Rosoboronexport - Bulova Technologies Group, Inc. (OTCQB:BLVT) announced today the conclusion of a strategic partnership with Joint Stock Company Rosoboronexport, a company established under the laws of the Russian Federation to carry out foreign trade activity for military products.

Bulova Technologies Group, Inc., and Rosoboronexport will work together under this partnership to provide products pursuant to the Company's Blanket Purchase Agreements with the U.S. Government for Non-Standard Weapons and Non-Standard Ammunition, as well as to other approved customers.

With the assistance of Rosoboronexport, the Company has also secured financing through Novikombank, a Russian Bank, to fund contracts that require Russian supplied ammunition and weapons.

President and CEO Stephen L. Gurba stated, "This strategic partnership provides an unprecedented opportunity for Bulova Technologies Group, Inc., to win future Non- Standard Ammunition and Weapons contracts with the U.S. Government as well as to secure the necessary financing to fulfill these orders."

Friday, February 3, 2012 - Bulova Technologies Group, Inc. Announces First Annual Informational Meeting - Bulova Technologies Group, Inc. announced today that the Company will hold its first annual informational meeting for shareholders and other interested parties in the Tampa Bay area on July 20, 2012. Details on the location will be posted on the Company's website on or about April 2, 2012. For those unable to attend, the meeting will be recorded and made available on the website as well.

President and CEO Stephen L. Gurba said, in announcing the meeting, "We believe that the Company is engaged in a number of very exciting opportunities and this meeting will give us the best opportunity to share both the Company's financial position and prospects simultaneously with the greatest number of interested parties."

Management Team

Stephen L. Gurba - President, CEO and Chairman of the Board
Mr. Gurba has over 30 years of experience in the design, development, production, and management of complex systems for both the defense ammunition industry as well as commercial products. His experience has included responsibility for companies with sales of up to $300 million annually and employing as many as 2000 employees. Mr. Gurba has previously held the position of Senior Vice President of General Defense Corporation, Vice President of Marketing for Olin Ordnance, President of Valentec International Corporation, President and CEO of National Manufacturing Corporation, and President, CEO and Owner of Bulova Technologies LLC. He currently holds the position of President and CEO for Bulova Technologies Group Inc. In this position, he has responsibility for both the Defense and Commercial Operations of the Company. Mr. Gurba holds a Associate of Arts in Biology, from County College of Morris in New Jersey, a Bachelor of Arts in Math and Science from William Paterson College, in New Jersey, and a Master and Doctoral degree in Business Management from Century University in New Mexico.

Frank W. Barker, Jr. - Chief Financial Officer
Mr. Barker is a Certified Public Accountant licensed to practice in the State of Florida, and has been in practice since 1978. He was co-founder of the accounting firm of Peel, Barker, Schatzel and Wells, PA in 1979, and went on to form the consulting firm of Frank W. Barker, Jr., CPA in 1993. Mr. Barker has over 30 years of experience covering a broad spectrum of industries, and has served in various capacities as an independent consultant as well as a chief financial officer for both public and private companies. Mr. Barker received a Bachelor of Arts in Accounting and Finance from the University of South Florida, Tampa in 1978.

Craig Schnee - Vice President and General Counsel
Mr. Schnee has served as a Senior Executive for Mr. Gurba’s Management Team for more then two decades, holding the positions of General Counsel, Senior Vice President of the Parent Company, and President of several operating subsidiaries engaged in Defense, Commercial and Retail Sales, respectively. He holds a J.D. from the University of Virginia, and an MBA from the University of Pennsylvania.

John Gwynn - President, Bulova Technologies Ordnance Systems, LLC
Mr. Gwynn has nearly 40 years of department of defense experience to include several years serving our armed forces as a Naval Officer in the 1970's. Mr. Gwynn received a Bachelor of Science degree in Electrical Engineering from the University of Michigan and has been instrumental in managing the delivery of fuzes to the US government with such companies as Motorola and Bulova Technologies. Since 1975, he has successfully organized technical program activities in both the defense and commercial marketplaces as well as managed businesses, programs, program managers, quality assurance personnel, engineers, production employees, marketing personnel, accounting personnel, human resources personnel, and administrative staff members.

William Mitrik, Vice President of Corporate Quality
Mr. Mitrik has more than 30 years of Quality Management Systems experience. Mr. Mitrik has responsibility for all Quality Assurance Programs in the Company. This includes environmental, safety, reliability, ballistic test, statistical process control, ISO 9,000 - 9,001, engineering services and Acceptance Inspection Equipment requirements. Mr. Mitrik holds a Bachelor of Science from Purdue University.

Frank Taylor, President, Bulova Technologies Europe
Mr. Taylor has been with Bulova Technologies Group, Inc. since 2006. Mr. Taylor served as General Manager of BT Manufacturing, a Contract Manufacturing division of Bulova Technologies Group, Inc. In his capacity as General Manager, Mr. Taylor led the day to day operations to successfully support several vital defense customers. Prior to his career with Bulova Technologies Group, Inc., Mr. Taylor owned and operated a profitable small business for nearly 20 years. In addition to specialized post graduate Management Training, Mr. Taylor holds two degrees: a B.S. Degree in Corporate Finance and an Associate Degree in Business Management.

Gary M. Miller, Director of Systems Programs
Mr. Miller is the executive manager responsible for major production groups providing products to DOD and system prime customers. His 35+ years of defense industry experience in the management of successful manufacturing, assembly, and inspection and test operations spans careers in L-3 Communications, Olin Ordnance, General Defense, Aerojet Ordnance, and Chamberlain Manufacturing. He joined Bulova Technologies Group, Inc. in 2009. He is responsible for the efficient organization and management of all operational disciplines. He earned a Bachelor of Technology- Industria.

Contact:

Bulova Technologies Group, Inc.
Investor Relations
Equiti-trend Advisors, LLC
Brian Barnes - (800)953-3350

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