Bulova Technologies Group, Inc. News

Bulova Technologies Group, Inc. Announces Partnership With NFC III, LLC February 28, 2013

Tampa, FL (Business Wire) February 28, 2013 Bulova Technologies Group, Inc. (OTCQB: BLVT) (the "Company") announced today that it has received a significant investment in the form of both equity and debt through NFC III, LLC associated with National Financial Companies, LLC.

National Financial Companies, LLC is a privately held investment company which provides working and growth capital together with board level management and guidance to new and existing corporations.

The founding principal of National Financial Companies, LLC, Mr. Gary Shapiro, has been a strategic partner and investor for over three decades with a successful record of creating value for shareholders. For a more comprehensive overview of Mr. Shapiro's background, please review his bio at www.nfcllc.com.

As part of this transaction, NFC III, LLC will appoint two Directors to the Company's Board of Directors.

Stephen L. Gurba, President and CEO of the Company stated, "I am delighted that we have attracted NFC III, LLC, a highly successful investment group with a proven track record, to our Company. We welcome the experience and expertise that the NFC companies bring to our Board of Directors. I look forward to this new partnership which financially strengthens the Company to the benefit of all shareholders."

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

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.
C.W. (Bill) Colburn
Chief Financial Officer

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