BTGI HOLD ON TIGHT!!! THE STOCK WILL CONTINUE TO MOVE UP HIGHER DUE TO ANTICIPATE ACQUISITION OF BIG RED COMPANY.
Bulova Technologies Group, Inc. (BTGI) announced today the execution of a Letter of Intent to purchase Big Red Transport, Inc. (“Big Red”), a New Jersey – based trucking company with 27 trucks, 38 refrigerated trailers and currently 38 customers.
Stephen L. Gurba, President and Chief Executive Officer of the Company, stated, “The acquisition of Big Red is a welcome addition to the Bulova Technologies family of transportation companies. Big Red, with hubs in both Netcong, New Jersey and Chicago, Illinois, will complement our transportation companies by providing us with a Northeast and Midwest U.S. platform and ensure the increased efficiency of our current fleet. I anticipate that this transaction will be completed by July 15. This will increase profitable sales in our transportation division by $12 Million annually.”
