CEO Stephen Gurba Interviews on the Big Red Acquisition and Answers Questions on the Company’s Debt

Largo, Florida, UNITED STATES

Largo, FL, Oct. 16, 2017 (GLOBE NEWSWIRE) -- Mr. Stephen L. Gurba, CEO and President of Bulova Technologies Group, Inc. (OTCPINK:BTGI) (the “Company”), joined the Uptick Network Stock Day Podcast with host Everett Jolly in an interview update. Starting off the interview, Mr. Gurba discussed the several recent acquisitions that give the Company, through its wholly-owned transportation subsidiary, BT Twiss Transport LLC, a great reach throughout the eastern region of the US. He discussed the acquisition of Big Red LTL Transport and overviewed on how this purchase has helped Bulova balance its sales after major Hurricane Irma hit Florida. Mr. Gurba answered some of the Stock Day listeners’ questions regarding outstanding shares, reserved shares and the future plans on how to decrease the Company’s debt. Continuing the interview, he discussed the recent sale of Bulova Technologies Ordnance, the process of finalizing a deal on the Bulova Technologies Health Care Products and what debt this is expected to decrease for the Company. Finally, Mr. Gurba further elaborated on the ins-and-outs of what Big Red is accomplishing and the promising growth that Big Red is looking to bring to the Company in 2018.

Towards the end of the interview Mr. Gurba stated, “I think we have done a very good job of transitioning the public entity. In 2015 our sales were 2 million dollars; we have grown this dramatically at this point in time and we are optimistic we will continue to do that. In 2018 we are looking at another trucking acquisition and we are looking to dispose of non-transportation entities to reduce debt. We’re also looking at other opportunities in the transportation sector which also have a product that would tie in very well with what we want to do. We’re looking at items here which could greatly increase our sales and if we clean up the balance sheet there’s no reason why we couldn’t move up to the NASDAQ.  I cannot promise that all of these things are going to happen but that is what we are working towards.”

To listen to the full interview please click here or the following link:

About Bulova Technologies Group, Inc.
Bulova Technologies Group, Inc., Bulova Technologies Europe LLC, Bulova Technologies Machinery LLC, Bulova Technologies Finance LLC, BT-Twiss Transport LLC’s and Big Red LTL Transport, Inc. headquarters are all located in Largo, Florida.
Please visit our website at 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.

Source: Uptick Newswire


Contact Data