Bulova Technologies Group Inc (fka BTGI)

[DewmBoom]

Updated Key Summary of CEO Audio Interview

BTGI is transitioning to becoming a 100 million dollar revenue company by the end of 2018, and possibly enter the NASDAQ. Projected revenue for FY2017 is about 25 million dollars, with a minimum of 40 million dollars revenue for FY2018 with the potential to reach 100 million dollars.

The CEO was honest and straight forward during the interview, with no BS.

BUSINESS OUTLOOK

a. Two possible acquistions. One is in the trucking business and another one is in product sale but synergisitic to the transportation sector. BTGI is looking at an acquisition right now that is fairly serious. Hopefully, they will issue a letter of intent soon.

b. Exapnding Big Red Transport from 27 trucks currently to 45 trucks and from 45 trailers to 60 trailers. The Synergistic acquisition of Big Red move Big Red from a revenue of 6 million dollars to a 12 million dollar range, without doing anything and acquiring new custormers. Big Red has already 70 customers on top of what BT TWISS bring them for their light load operation between New Jersey, New York, Boston and Chicago. BT TWISS can off load their shipment to Big Red in the northeast for distribution. The less than load (LTL) buisness is a money making machine.

c. "In discussion with Penske on leasing a fair amount of trucks and trailers to cope with the increase in customer base. You can't increase customer base without having more trucks and trailers to deliver the goods in a timely manner." Penske will take care of the maintenance of these trucks so BTGI can focus on their core business. That way, they don't have to stock maintenance inventory and Penske would hire their maintenace crew. Penske had a total revenue of 5.6 billion dollars in 2016, with 26000 employees.



Debt Reduction/Restructuring

a. "BTGI is in the process of finalizing a deal on the health net that will reduce debt from the balance sheet!"

b. Sale of the Machinery Division with a potential debt removal of 6.5 million dollars and reduction in expenses nearing $800,000 a year based on current 10QA. "BTGI has already a potential buyer of the Machine Tool Business right now. If that is concluded, it will remove between 6 and 6.5 million dollars of debt from the balance sheet! Plus another $800,000 of yearly expenses."

c. Debt restructuring with a potential conversion to preferred A & B shares of 4.6 million dollars for the previous owner of BT Twiss Ron Damico Jr (He did not mention him by name in the interview, see 10QA). "BTGI is certain that some debt holders will exchange their debts to Preferred A and Preferred B shares before the end of the year."

d. Continue to use dilution in the next few months as a means to pay some of the debts, as needed. The AS will be increased from 900 million to 2 billion shares in the next several month. This is why we have a public company the CEO stated and I fully agree as long as he is delivering the way he is.

e. Banks! Yes Banks are supporting BTGI to the tune of 16 million dollars!

You can listen to the Audio Interview at:

https://upticknewswire.com/featured-interview-ceo-stephen-gurba-of-bulova-technologies-inc-otcpink-btgi/


Real Company, Real Business with a Bright Future