Bulova Technologies Group, Inc. News

Bulova Technologies Group, Inc. to Distribute GRWT Shares October 12, 2010 - Business Wire

TAMPA, Fla.--(BUSINESS WIRE)-- Bulova Technologies Group, Inc. (Pink Sheets:BLVT.pk) ("BulovaTech" or "the Company") announced today that it has revised its plan to distribute its shareholdings of Growth Technologies International (Pink Sheets:GRWT.pk) ("Growth Tech") to shareholders of record as of October 10, 2010. The Company stated that it has revised the date for determination of record holders eligible for receipt of Growth Tech shares to October 29, 2010 for administrative services. Shareholders will continue to receive one share of Growth Tech for each share of BulovaTech owned as of the record date.

Growth Tech's principal activities center around the initiatives in BulovaTech Labs, which is now a subsidiary of Growth Tech. Growth Tech's business plan is to commercialize, license or sell technologies concentrated in the following fields: Defense, Alternative Energy, Alternative Healthcare, Healthcare Information and Construction and Building Materials.

About Bulova Technologies Group, Inc.

Headquartered in Clearwater, Florida, Bulova Technologies Group, Inc. operates two facilities, Bulova Technologies Ordnance Systems in Mayo, FL and BT Manufacturing Company in Melbourne, FL. Bulova Technologies Combat Systems is located at the Company's headquarters in Clearwater.

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.

Contact:
Bulova Technologies Group, Inc.
Stephen Gurba, 727-536-6666
www.bulovatechgroup.com

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