Bulova Technologies Group, Inc. Appoints New CFO

Bulova Technologies Group, Inc. Appoints New CFO

TAMPA, Fla.--(BUSINESS WIRE)-- Bulova Technologies Group, Inc. (OTCQB: BLVT) (the "Company"), a leading provider of services and products to federal government institutions, is pleased to announce today the appointment of William E. McMillen as the Company's new Chief Financial Officer.

Mr. McMillen is a principal in and serves as an associate to NFC III, LLC ("NFC"). NFC, which took a significant equity and debt position in Bulova Technologies Group, Inc. in February of this year, is a privately held investment company which provides working and growth capital, together with board level management and guidance to new and existing corporations. Mr. McMillen will continue to serve NFC in his current capacity while adding the duties of chief financial officer of Bulova Technologies Group, Inc.

Mr. McMillen is a highly experienced financial professional. He has served successfully as a principal, board member, chief executive officer and chief financial officer in his more than 40-year career in business in a variety of industries, to include manufacturing, merchant banking, private equity investment, commercial distribution and service. His activities and involvement have run the gamut from the formation of start-up companies, acquisition of existing entities, improved management of newly acquired companies and divestitures.

Stephen L. Gurba, President and CEO of Bulova Technologies Group, Inc. stated, "Bulova Technologies Group, Inc. is most fortunate to add the talent and experience of a seasoned and successful financial professional like Bill McMillen. He brings a wealth of practical and rare ability to our Company. Further, this move strengthens the ties between Bulova Technologies and NFC, which will be of great benefit to our Company."

About Bulova Technologies Group, Inc.

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

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.

Bulova Technologies Group, Inc.
Stephen L. Gurba, 727-536-6666

KEYWORDS: United States North America Florida


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