Bulova Technologies Group, Inc. Announces Bulova Technologies (Europe) Mortar Exchange Program Update

January 12, 2012 at 07:05 pm IST

MarketScreener.com By

Bulova Technologies Group, Inc. (OTCQB:BLVT) (the "Company") announced today that as a result of its marketing efforts in 2011, its wholly-owned subsidiary, Bulova Technologies (Europe), is expected to finalize contracts for mortar exchange with at least two (2) European countries in the first quarter of 2012.

Frank Taylor, President, Bulova Technologies (Europe) announced that Bulova Technologies (Europe) intends to expand its marketing campaign to the countries of the Middle East while continuing ongoing negotiations with the many NATO/European countries that have expressed great interest in participating in its "mortar exchange program." The sales for Bulova Technologies (Europe) through the "mortar exchange program" are expected to exceed ten (10) million dollars during the Company's fiscal year.

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 LLC 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.