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DewmBoom

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DewmBoom

Re: None

Friday, 02/16/2018 8:24:56 PM

Friday, February 16, 2018 8:24:56 PM

Post# of 46070
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LARGO, Fla., Jan. 11, 2018 (GLOBE NEWSWIRE) --

a. Bulova Technologies Group, Inc. (OTC:BTGI) (the “Company”) announced today agreements with major debtholders of the Company and its subsidiaries to exchange debt owed by a major subsidiary, Bulova Technologies Machinery LLC, for the issuance of common stock, preferred voting stock, and series A preferred non-voting stock.

The total debt eliminated as a result of these transactions would be 4.6 Million. The transactions are subject to revisions to the Company’s Articles of Incorporation which would permit the transactions to be completed.

https://globenewswire.com/news-release/2018/01/11/1287423/0/en/Bulova-Technologies-Group-Exchanges-Debt-for-Equity.html
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