LARGO, FL--(Marketwired - Aug 18, 2016) - Bulova Technologies Group, Inc. (OTC PINK: BTGI) announced today that its subsidiary, BT Twiss Transport LLC ("BT Transport"), has agreed to acquire Global Frozen Trucking, Inc. (GFTI) a Pinellas Park, Florida based refrigerated trucking company. The acquisition pending final due diligence would close on or before September 30, 2016.
Two significant elements of this acquisition is the addition of six late model trucks and seven refrigerated trailers to the current BT Transport fleet and second access to GFTI's long term customer base.
Global Frozen Trucking Inc. was founded in 2010 by Mr. Emin Pandza, who has been associated with the trucking industry since 1998. He will be joining BTTwiss Transport to assist in the growth of the Company.
Stephen L Gurba, President and Chief Executive Officer of BTGI, stated, "This is yet another BT Twiss action intended to support our progress as a successful business endeavor for BTGI. We will continue to seek out and improve in those business areas that will yield higher customer satisfaction and increased profitability. Sales from this acquisition are expected to add a minimum of $3,000,000 (three million dollars) of profitable revenues annually."
About Bulova Technologies Group, Inc.
Bulova Technologies Group, Inc.,Bulova Technologies Compliance & Security LLC, Bulova Technologies Health Care Products LLC, Bulova Technologies Europe LLC and Bulova Technologies Machinery LLC's headquarters are located in Clearwater, Florida and BT-Twiss Transport LLC's headquarters are 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.