BLVT trading is acting very strong and setting for the 50 ma break at 0.026 >>watch for a big move they have a contract with the US army and now they got financing to supply it !!!!
Bulova Technologies Group, Inc. Announces it has secured Letter of Credit Financing
Date : 10/11/2011 @ 8:32AM Source : Business Wire
Bulova Technologies Group, Inc. Announces it has secured Letter of Credit Financing
Bulova Technologies Group, Inc. (OTCQB: BLVT) (the "Company") announced today the Company has secured a Letter of Credit Finance facility to support current US Army purchase orders to procure both Non-Standard Weapons and Ammunition currently under contract.
Suppliers to Bulova Technologies in Europe require cash deposits or Letters of credit to manufacture products needed to fulfill contracts that the Company has with its main customer, the US Army. This new line of finance will enable the company to perform on its current backlog of purchase orders to supply weapons and ammunition to Afghanistan and Iraq under contract from the Department of Defense.
President and CEO Stephen L. Gurba stated that this is a major step in continuing to meet our primary customer, the US Army, requirements and expectations.
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.
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