Bulova Technologies Group, Inc. News

Bulova Technologies Group Inc. Announces Significant New Contract Awards to Subsidiary BT Manufacturing Thursday June 11, 2009 - Business Wire

CLEARWATER, Fla.--(BUSINESS WIRE)--Bulova Technologies Group, Inc. (Pink Sheets:BLVT) announces the award of two significant new contracts to its wholly-owned subsidiary, BT Manufacturing Company LLC, operating in Melbourne, Florida. The two contract awards represent the return of two business segments previously manufactured and serviced by the Company in Lancaster, PA.

Stephen L. Gurba, President and Chief Executive Officer of Bulova Technologies Group, Inc., stated, "These contracts, for two disparate products and industries, indicate that BT Manufacturing has successfully re-established itself in market segments that previously constituted significant sales and earnings." He continued, "The awards show that BT Manufacturing continues on a steep growth curve and can meet the needs of customers in several exciting growth fields."

The first award, from Thoratec Corporation (NASDAQ GS:THOR), is for the production of subassemblies for its current generation of heart assist pumps. The initial Thoratec award will be shipped and invoiced during the second and third quarter of 2009. BLVT believes that demand for this category of subassemblies and associated subassemblies will grow dramatically in the near future. Thoratec Corporation, headquartered in Pleasanton, CA, is a world leader in therapies to address advanced-stage heart failure.

The second award, from DRS Technologies, Inc. ("DRS") is for subassemblies for the battery tray component of DRS' ruggedized computer sold to the Department of Defense. Previously, BLVT manufactured and sold components for DRS Legacy Products. The new order is for ruggedized circuit boards for inclusion in the DRS ruggedized computer. DRS Technologies, headquartered in Parsippany, New Jersey, U.S.A., is a leading supplier of integrated products, services and support to military forces, intelligence agencies and prime contractors worldwide.

According to Mr. Gurba, "The hard work of all of our employees and suppliers has enabled us to re-enter important markets for our products and services. BLVT is presently working on additional significant new business opportunities. I am confident that our continued hard work will continue to produce positive and significant successes for the Company."

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

About BT Manufacturing Company, LLC

BT Manufacturing Company is a qualified SDVO contract manufacturer located in Melbourne, Florida. It offers printed circuit board, cable and harness and box build assembly services.

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. The headquarters also houses the Bulova Technologies Combat Systems Company which is a world leader in the international sale of military vehicles, weapons and munitions in support of the U.S. Department of Defense.

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.

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