LARGO, Fla.--(BUSINESS WIRE)--Bulova Technologies Group, Inc. (BTGI) announced today the discontinuance of its wholly-owned subsidiary, Bulova Technologies Healthcare Products LLC, in connection with its continuing concentration in its transportation business. Remaining inventory has been consigned to a third party marketing group.
Stephen L. Gurba, President and Chief Executive Officer of the Company, stated, “We are continuing our plan to focus on the transportation business, where we believe we can best have a positive impact on our revenue. With this latest corporate action we will free up resources for our principal business.”
About Bulova Technologies Group, Inc.
Bulova Technologies Group, Inc., Bulova Technologies Health Care Products LLC, Bulova Technologies Europe LLC, Bulova Technologies Machinery LLC, Bulova Technologies Finance LLC and BT-Twiss Transport LLC’s headquarters are all located in Largo, Florida.
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.