Bulova Technologies Group, Inc. News

Bulova Technologies Awarded U.S. Army Purchasing Agreement and Files 10-K with SEC January 31, 2011 - Business Wire

CLEARWATER, Fla.--(BUSINESS WIRE)-- Bulova Technologies Group, Inc. (Pink Sheets:BLVT.pk) ("Bulova Tech" or "the Company") announced today the completion of its filing with the Securities Exchange Commission ("SEC") of its Form 10-K for the period ending September 30, 2010. Bulova Technologies Group, Inc. is now current with its required SEC filings.

Additionally, Bulova Technologies Group, Inc. is pleased to announce that its wholly-owned subsidiary, Bulova Technologies Ordnance Systems LLC has received a 5-year Master Blanket Purchasing Agreement ("BPA") award from the United States Army Contracting Command, Picatinny Arsenal -- military research and manufacturing facility. The "BPA" calls for the production and delivery of 59 individual ammunition items in support of security forces in Afghanistan.

The dollar amount of the BPA is unlimited, though historically the U.S. Army has purchased approximately $300 million of ammunition on similar contracts.

Stephen L. Gurba, President and Chief Executive Officer of the Company comments, "Filing our securities documents and the award of this new contract are measurable outcomes we continue to strive for as we move Bulova Technologies Group, Inc. forward in the New Year."

About Bulova Technologies Group, Inc.

Bulova Technologies Group, Inc. and Bulova Technologies (Europe) are headquartered in Clearwater, Florida. Bulova Technologies Europe is registered with the United States Department of State Directorate of Defense Trade Controls (DDTC) as a broker.

Bulova Technologies Ordnance Systems located in Mayo, Florida, is a load, assembly, and pack (L.A.P.) facility specializing in fuzes, safe and arming devices and explosive simulators.

Please visit our website at www.BulovaTechGroup.com for more information.

Forward-Looking Statement
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.

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