Bulova Technologies Group, Inc. to Distribute GRWT Shares
September 16 2010 - 11:41AM
Business Wire
Bulova Technologies Group, Inc. (Pink Sheets: BLVT)
(“BulovaTech” or “the Company”) announced today that it would
distribute its shareholdings of Growth Technologies International
(Pink Sheets: GRWT) (“Growth Tech”) to shareholders of record as of
October 10, 2010. Shareholders will receive one share of Growth
Tech for each share of BulovaTech owned as of the record date. GRWT
closed at $.11 per share on September 15, 2010.
Growth Tech’s principal activities center around the initiatives
in BulovaTech Labs, which is now a subsidiary of Growth Tech.
Growth Tech’s business plan is to commercialize, license or sell
technologies concentrated in the following fields: Defense,
Alternative Energy, Alternative Healthcare, Healthcare Information
and Construction and Building Materials.
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. Bulova
Technologies Combat Systems is located at the Company’s
headquarters in Clearwater.
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.