Science & Technology
Science and Technology
Science and Technology
Mon, June 14, 2010 Bulova Technologies Group, Inc. updates BT Manufacturinga?s Status
TAMPA, Fla.--([ BUSINESS WIRE ])--Bulova Technologies Group, Inc. (Pink Sheets:BLVT) (aBulovaTecha or athe Companya) announced today the continuing successful efforts of its wholly-owned subsidiary, BT Manufacturing Company LLC (aBTa), to penetrate the contract manufacturing market.
BT has established fourteen (14) new customers thus far in 2010. These customers range from high-potential astart-upa companies, to well-established multi-national corporations and the U.S. Government.
The backlog of orders into June 2010 is approximately $1.6 million, a record high. Additionally, BT has submitted multiple bids in recent months which could result in more than $20 million of additional sales through 2011 and project very strong revenue growth through 2014.
The Company is evaluating a potential sale or disposal of BT Manufacturing, or in the alternative, ways to strengthen its market position in defense contracting.
About Bulova Technologies Group, Inc.
Headquartered in Clearwater Florida, Bulova Technologies Group, Inc. operates two facilities, Bulova Technologies Ordnance Systems in Mayo, FL and BT Manufacturing Company in Melbourne, FL. The headquarters also houses Bulova Technologies Combat Systems Company, which is a world leader in the international sale of military vehicles, weapons and munitions in support of the U.S. Department of Defense.
Please visit our website at [ www.BulovaTechGroup.com ] for more information.
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management.
