Bulova Technologies Group, Inc. Completion of Stock Reverse
December 30 2013 - 8:00AM
Business Wire
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
shareholders.”
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