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Bulova Technologies Group, Inc. Subsidiary Wins Army Contract

^{Published on 2010-09-02 10:15:31 - Market Wire}
 

TAMPA, Fla.--([ BUSINESS WIRE ])--Bulova Technologies Group, Inc. (Pink Sheets: BLVT) (aBulovaTecha or athe Companya) announced today that its subsidiary, Bulova Technologies Ordnance Systems LLC has been awarded a contract by the U.S. Army, for the production and delivery of the Armya™s M142 Demolition Firing Device. The M142 is a multipurpose device providing the user with the capability to cause the detonation of a variety of demolition explosives through a variety of sensing inputs. This item has been regularly procured in past procurement cycles. The contract is valued at $2.4 million.

Bulova Technologies Ordnance Systems LLC now has in excess of $60 million in defense contract backlog over the next four years.

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.

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.