Bulova Technologies Group, Inc. Completion of Stock Reverse
TAMPA, Fla. -- December 30, 2013
Bulova Technologies Group, Inc. (OTCQB: BLVT) (the “Company”) announced today
the completion of an Amendment to its Articles of Incorporation in which both
the number of authorized shares of Common Stock of the Company was reduced
from 5,000,000,000 to 500,000,000 and a reverse split of the Common Stock was
effected at a ratio of 1 for 200.
Stephen L. Gurba, Chairman of the Board, President and CEO of the Company,
stated, “It is our expectation that this Amendment to our Articles of
Incorporation will encourage increased investor interest and improve the
marketability and volatility of our Common Stock. Further, with the
anticipated higher price per share of our Common Stock, it is likely that the
fees associated with the trading of the Common Stock will decrease as a
percentage of per share price, increasing the value of the shares to our
Common Stock shareholders will receive instructions through the mail
concerning the exchange of their shares. Partial shares will be rounded up.
About Bulova Technologies Group, Inc.
Bulova Technologies Group, Inc., Bulova Technologies Ordnance Systems LLC and
Bulova Technologies Europe LLC are each headquartered in Tampa, Florida.
Bulova Technologies Machinery LLC’s headquarters is located in Sanford,
Florida, with facilities in Tampa, Florida and Branchburg, New Jersey.
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.
Bulova Technologies Group, Inc.
Stephen L. Gurba, 727-536-6666
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