Growth Technologies International, Inc. Acquires BulovaTech Labs
June 29 2010 - 10:08AM
Business Wire
Growth Technologies International, Inc. (Pink Sheets:GRWT) (the
“Company” or “GROWTH”) announced today the completion of the
acquisition of BulovaTech Labs (“LABS”) from Bulova Technologies
Group, Inc. (Pink Sheets:BLVT). GROWTH believes the acquisition
endows the Company with a portfolio of technologies with
transformational potential. GROWTH’s business plan is to
commercialize, license or sell the technologies as they mature. In
connection with the LABS acquisition agreement, the Company granted
Bulova Technologies Group, Inc. a first right of refusal with
respect to defense technologies.
The technologies are concentrated in the following fields:
Defense Alternative Energy Alternative Healthcare Healthcare
Information Construction and Building Materials
To date, there have been substantial investments in these
technologies. The Company believes the future investment needed
prior to commercialization, licensing or sale will not represent a
significant financial burden.
About Growth Technologies International, Inc.
Headquartered in Clearwater, FL, Growth Technologies
International, Inc. focuses on disruptive technologies in the
fields of defense, alternative energy, alternative healthcare,
healthcare information, and construction and building materials.
The technologies have in common a focus on improving not only the
business model but also on improving quality of life and
sustainability.
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.