Bulova Technologies Group, Inc. News

Bulova Technologies Group, Inc. Announces Financing Update January 10 - Business Wire

CLEARWATER, Fla.--(BUSINESS WIRE)-- Bulova Technologies Group, Inc. (OTCQB: BLVT.PK - News) (the “Company”) announced today that the Company has signed a Letter of Intent to obtain $5 million of financing to assist in restructuring debt and cash resources for inventory for current purchase orders and operations.

The previously announced October 11, 2011 $3 million funding commitment was funded only to the level of $750,000 because of issues unrelated to the Company, the lender was unable to complete the balance of the transaction.

The Company intends to file its 10K for fiscal year ending September 30, 2011 on its due date, January 13, 2012.

About Bulova Technologies Group, Inc.

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

Bulova Technologies Ordnance Systems is located on 261 acres in Mayo, Florida, and is a load, assemble, 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.

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.
Investor Relations:
Equiti-trend Advisors, LLC
Brian Barnes, 800-953-3350

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