Bulova Technologies Group, Inc. News

Growth Technologies International, Inc. Acquires BulovaTech Labs June 29, 2010 - Business Wire

TAMPA, Fla.--(BUSINESS WIRE)--Growth Technologies International, Inc. (Pink Sheets:GRWT - News) (the "Company" or "GROWTH") announced today the completion of the acquisition of BulovaTech Labs ("LABS") from Bulova Technologies Group, Inc. (Pink Sheets:BLVT - News). GROWTH believes the acquisition endows the Company with a portfolio of technologies with transformational potential. GROWTH's business plan is to commercialize, license or sell the technologies as they mature. In connection with the LABS acquisition agreement, the Company granted Bulova Technologies Group, Inc. a first right of refusal with respect to defense technologies.

The technologies are concentrated in the following fields:

  • Defense
  • Alternative Energy
  • Alternative Healthcare
  • Healthcare Information
  • Construction and Building Materials

To date, there have been substantial investments in these technologies. The Company believes the future investment needed prior to commercialization, licensing or sale will not represent a significant financial burden.

About Growth Technologies International, Inc.

Headquartered in Clearwater, FL, Growth Technologies International, Inc. focuses on disruptive technologies in the fields of defense, alternative energy, alternative healthcare, healthcare information, and construction and building materials. The technologies have in common a focus on improving not only the business model but also on improving quality of life and sustainability.

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.
Beverly Mercer, 727-451-6564

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