BULOVA Technologies Groups Announces Investment
Clearwater, FL, May 5, 2015 (Newswire.com) - Bulova Technologies Group, Inc. (OTCQB: BTGI) (the “Company”) announced today the closing of a loan transaction with a highly qualified investor. The loan, in the amount of $4,000,000, entails also a convertibility feature and warrants to purchase the Company’s common stock.
Stephen L. Gurba, President and CEO, stated, “This investment represents a strong endorsement of the Company’s plans and prospects by a very knowledgeable lender. The additional capital will enable the Company to grow its current programs in machinery and munition products as well as pursue its new healthcare and software opportunities.”
About Bulova Technologies Group, Inc.
Bulova Technologies Group, Inc. and Bulova Technologies Europe LLC, Bulova Technologies Machinery LLC, Bulova Technologies Health Care Products LLC, and Bulova Technologies Compliance & Security LLC are each headquartered in Clearwater, Florida.
Please visit our websites located at www.bulovatech.com, www.bulovatechhp.com, www.bulovatechgroup.com and www.ecmlibrarybybulovatechnologies.com for more information.
Forward Looking Statement
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.
