Bulova Technologies Group Announces Letter of Intent to Acquire Twiss Family of Companies, Including Transport, Cold Storage and Logistics

CLEARWATER, FL / ACCESSWIRE / June 8, 2015 / Bulova Technologies Group, Inc. (OTC: BTGI) announced today the signing of a letter of intent to acquire the Twiss Transport family of companies located in Largo, Florida. Twiss Transport, consists of Twiss Transport Inc., Twiss Cold Storage, Inc. and Twiss Logistics, Inc. Together, the three Twiss
companies provide medium to long haul, refrigerated and dry
transportation and storage services to customers throughout the
continental United States, with sales exceeding $30 million annually.

Stephen L. Gurba, President and
Chief Executive Officer, said “We are excited about this acquisition, it
will enable us to both vertically integrate transportation with Bulova
Technologies Machinery and permit us to diversify further with this
profitable entry into transportation, storage and logistics. Twiss
Transportation will provide the Company with its fourth business unit,
complementing the advanced products unit (compliance and security
software and healthcare products), the commercial and defense munitions products unit, and the machine tool unit.”

It is anticipated that the transaction will close in July 2015.

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.ecmlibrary.org 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 wells as
assumptions made by and information currently available to the Company
or its management.

SOURCE: Bulova Technologies Group, Inc.

ReleaseID: 429622