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Bulova Technologies Group, Inc. Partners with Rosoboronexport
Posted February 9, 2012
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CLEARWATER, Fla.--(BUSINESS WIRE)--Bulova Technologies Group, Inc. (OTCQB:BLVT) announced today the conclusion of a strategic partnership with Joint Stock Company Rosoboronexport, a company established under the laws of the Russian Federation to carry out foreign trade activity for military products.
Bulova Technologies Group, Inc., and Rosoboronexport will work together under this partnership to provide products pursuant to the Company's Blanket Purchase Agreements with the U.S. Government for Non-Standard Weapons and Non-Standard Ammunition, as well as to other approved customers.
With the assistance of Rosoboronexport, the Company has also secured financing through Novikombank, a Russian Bank, to fund contracts that require Russian supplied ammunition and weapons.
President and CEO Stephen L. Gurba stated, "This strategic partnership provides an unprecedented opportunity for Bulova Technologies Group, Inc., to win future Non-Standard Ammunition and Weapons contracts with the U.S. Government as well as to secure the necessary financing to fulfill these orders."
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.
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