Bulova Technologies Group, Inc. Provides Internet Technologies Update January 19, 2010 - Business Wire
TAMPA, Fla.--(BUSINESS WIRE)--Bulova Technologies Group, Inc. (Pink Sheets: BLVT) ("BulovaTech" or "the Company") today provided an update regarding internet technologies contained in BulovaTech Labs.
Certain of the technologies relate to military as well as civilian applications or "electronic house call" described in our December 21, 2009 release. Both the Department of Defense and Veterans Administration are evaluating these remote monitoring health assessment technologies. The other internet and/or digital technologies have military applications designed to enhance training and battlefield awareness.
The Company continues to receive inquires on the status of its audits and requisite filings. As noted in earlier press releases, we plan to file in January, at which time several years of delinquent reports will be included.
John Stanton, Chairman
Stephen Gurba, President and CEO
About Bulova Technologies Group, Inc.
Headquartered in Clearwater, Florida, Bulova Technologies Group, Inc. operates in three business sectors; defense, contract manufacturing and diversified technologies, the latter consisting of the pursuit of alternative energy initiatives, diagnostic tools and healthcare products. The Defense Group includes a 261 acre facility in Mayo, Florida operating as Bulova Technologies Ordnance Systems, a premier load, assemble, and pack facility focused on fuzing, simulators and ammunition loading and Combat Systems Group, a world leader in the international sale of military vehicles, weapons and munitions in support of the U.S. Department of Defense, co-located at the Group's headquarters in Clearwater, Florida. The Contract Manufacturing Group operating through BT Manufacturing Company, LLC from a modern facility in Melbourne, Florida, produces various complex circuit boards and assemblies, while the Diversified Technologies Group, operating as BulovaTech Labs, Inc, conducts its business in both a facility located in Brandon, Florida and the Company'ss headquarters in Clearwater, Florida.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of Bulova Technologies Group officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future Bulova Technologies Group actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and Bulova Technologies Group has no specific intention to update these statements.
Contact:
Bulova Technologies Group, Inc.
Beverly Mercer, 727-451-6560
www.bulovatechgroup.com