Dépêches

Bulova Technologies Group, Inc. and Tri Gas Oil and Trade S.A. sign Agreement, with ITF Enhancing Human Security

Dépèche transmise le 22 février 2012 par Business Wire

CLEARWATER, Fla.--(BUSINESS WIRE)--Bulova Technologies Group, Inc. (OTCQB:BLVT) (the “Company”) and Tri Gas Oil And Trade S.A. (“TGT”) announced today the signing of an agreement with ITF Enhancing Human Security (formerly the International Trust Fund to Enhance Human Security) (“ITF”), the world’s leading military mine removal advocacy organization, to create a team for demilitarization (removal and destruction) of mines and other explosive devices around the globe.

“This agreement will allow us access to funding sources provided by international donors for the mine demilitarization process employed by ITF and accelerate the expansion of our Mortar Exchange Program.”

ITF was established by the Government of Slovenia in March 1998 to raise funds, provide services and manage mine action projects. The European Commission acknowledged ITF as the reference model of regional organization in mine action. Since the inception of ITF, over 100 donors have made donations to ITF for mine action activities. Almost 95% of the donations originate from public donors-including 27 governments, the European Union (EU) and the United Nations Development Program (UNDP), and many local authorities. For more information, please visit their website at http://www.itf-fund.si/

Stephen L. Gurba, President and CEO of the Company stated, “This agreement will allow us access to funding sources provided by international donors for the mine demilitarization process employed by ITF and accelerate the expansion of our Mortar Exchange Program."

About Bulova Technologies Group, Inc.

Bulova Technologies Group, Inc. and Bulova Technologies Europe LLC are headquartered in Clearwater, Florida. Bulova Technologies Group, Inc. is registered with the United States Department of State Directorate of Defense Trade Controls (DDTC) as a broker.

Bulova Technologies Ordnance Systems LLC is located on 261 acres in Mayo, Florida, and is a load, assemble, and pack (L.A.P.) facility specializing in fuzes, safe and arming devices and explosive simulators.

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.

Business Wire

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