Bulova Technologies Group Inc (BLVT)

The "TRUE" Conclusion of the JAU-22/B contract.

Headquartered in Tampa Florida, the Bulova Technologies Group (OTC:BLVT) 

Bulova Technologies (Europe) LLC executes military contracts from the Company's headquarters in Tampa, Florida and locations
in NATO Europe as a broker which allows for the movement of military articles across friendly boarders to supports soldiers throughout
the world. Bulova Technologies (Europe) is a full Systems Integrator, providing our Armed Services and allied governments with materials
that provide our soldiers an overwhelming edge over enemy forces. 


 

Bulova Technologies Group, Inc. is registered with the United States Department of State Directorate of Defense Trade Controls (DDTC).
The Company has an extensive history of large scale Defense Contacts for munitions, weapons and combat systems. 

 

 

Bulova has an extensive and long-standing relationship with in the defense industry. The Department of Defense is one of its largest clients.

 

*****Management Update as Of January 4, 2013***** 

·Bulova Technologies Group, Inc. ("Bulova") fiscal year runs October 1 thru September 30. 

·Bulova through the divestiture of certain assets on October 24, 2012 has significantly reduced its debt. Bulova has also significantly reduced overhead and
 general and administrative costs to assist in returning the company to profitability. 

·As a function of the divestiture of certain assets, Bulova has entered into a 5 year marketing agreement with the new owner of the ordnance company and
 anticipates commissions in excess of a million dollars in 2013. 

·Bulova has submitted and published its Form 10-K Annual Report on December 27, 2012 and continues to remain current with all its SEC filings. 

·Current backlog of firm purchase orders for non-standard ammo ("NSA") and non-standard weapons ("NSW") contracts is approximately 6 million dollars. 

·Bulova projects its 1st quarter to be profitable which will be reflected on our next 10-Q and expects to be profitable in the 2nd Quarter due to the backlog of firm purchase orders. 

·Potential awards expected by the end of the 2nd Quarter are approximately 21 million dollars for military pyrotechnic products. 

·Bulova's objective by the end of the 2nd Quarter is to identify a company or companies to acquire and finalize the acquisition(s) by the end of the 3rd Quarter. 

·Bulova continues to actively pursue solicitations under its current NSA and NSW blanket purchasing agreements ("BPA") with the U.S. Army which expires in 2016.
Bulova is one of the selected prime contractors for the two BPA's and Bulova management believes there is significant funding to be awarded between now and 2016. 

·Bulova is working with its partner, Rosoboronexport, on a joint venture to reduce Rosoboronexport's offset requirements by implementing the technology of Bulova's
ammunition and weapons exchange program ("Exchange Program") in the UAE. Bulova continues to market its exchange program throughout the NATO countries in Europe. 
 

·Bulova Management intends to utilize its website for continued updates. 

Please visit our website at www.BulovaTechGroup.com for more information.