Published On: Thu, Sep 29th, 2016

Bulova Technologies Group, Inc. (OTCMKTS:BTGI) Acquires Global Frozen Trucking Inc

Bulova Technologies Group, Inc. (OTCMKTS:BTGI) has announced the addition of a new company, to its current portfolio, Global Frozen Trucking Inc. The company announced that GFTI was acquired by its subsidiary, BT Twiss Transport LLC. GFTI offers refrigerated trucking services, in Florida. BTGI revealed that it had successfully added a total of six late model trucks, as well as seven refrigerated trailers, to its fleet, as part of the acquisition. The agreement also entitles the company to GFTI’s long-term customer base.

The CEO of Bulova, Stephen L. Gurba, stated that the transaction would result in successful growth of the company’s business. He also claimed that the management would continue to pursue business areas that offer greater yield, customer satisfaction and high profitability. Mr. Gurba was of the view that the latest acquisition would add between $3 million and $5 million in annual revenues, for the company.

Earlier, the company had issued an update about its demonstrations at the premier manufacturing technology show, held in Chicago, on September 12, 2016. Bulova revealed that the demonstrations were able to offer valuable insight into the capabilities of each machine. Moreover, the company estimated that over 500 potential customers, sales personnel and distributors were in attendance, at the show. The company noted that it also took advantage of this opportunity, by allowing the Digital Manufacturing Design Innovation Institute and the University of Indiana Labs, to deliver an introduction about BTGI’s Distributor Appreciation Reception.

Bulova Technologies demonstrated its CNC machine offerings, at the show, in an operational environment. The machines remained operational throughout the week long show, allowing viewers to look at the precision capabilities of the offerings. The management was also present at the show, for one-on-one meetings. At the end of the show, Mr. Gurba personally thanked the distributors, the organizers and DMDII and UILabs, as well as potential customers of the company. He claimed that such networking activities tend to increase the company’s value.

Bulova Technologies Group, Inc. (OTCMKTS:BTGI) had a trade volume of 30.69 million and surged by 22.73% in terms of its share value, to close at $0.0027 per share, at the end of the September 28 trading session.

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