Bulova Technologies Group, Inc. Partners with Joint Stock Company Rosoboronexport February 9 - Business Wire
CLEARWATER, Fla.--(BUSINESS WIRE)-- Bulova Technologies Group, Inc. (OTCQB:BLVT.PK - News) (the “Company”) announced today the conclusion of a strategic partnership with Joint Stock Company Rosoboronexport, a company established under the laws of the Russian Federation to carry out foreign trade activity for military products.
Bulova Technologies Group, Inc., and Rosoboronexport will work together under this partnership to provide products pursuant to the Company’s Blanket Purchase Agreements with the U.S. Government for Non-Standard Weapons and Non-Standard Ammunition, as well as to other approved customers.
With the assistance of Rosoboronexport, the Company has also secured financing through Novikombank, a Russian Bank, to fund contracts that require Russian supplied ammunition and weapons.
President and CEO Stephen L. Gurba stated, “This strategic partnership provides an unprecedented opportunity for Bulova Technologies Group, Inc., to win future Non-Standard Ammunition and Weapons contracts with the U.S. Government as well as to secure the necessary financing to fulfill these orders.”
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.
Contact:
Bulova Technologies Group, Inc.
Investor Relations:
Equiti-trend Advisors, LLC
Brian Barnes, 800-953-3350