Why Bulova Technologies Group, Inc. (OTCMKTS:BTGI) Shares Fell 16%

0
423

Bulova Technologies Group, Inc. (OTCMKTS:BTGI) shares were down 16.34% to $0.00280 on Wednesday and flat in after-hours trading. The company has a market cap of $315,043.00 at 95.29 million shares outstanding. Share prices have been trading in a 52-week range of $0.00 to $0.09.

Bulova Technologies Group is a company that sells high precision industrial machine tools, primarily through its distribution network. Its transportation segment provides freight storage and movement across the Continental United States while its commercial sales segment is involved in sales and distribution of industrial machines, ammunition, software and healthcare products. Its subsidiaries include Bulova Technologies Machinery LLC (BTM), Bulova Technologies Finance LLC, Bulova Technologies (Europe) LLC, Bulova Technologies Advanced Products LLC, Bulova Technologies Healthcare Products LLC, Bulova Technologies Compliance and Security LLC, and BT Twiss Transport LLC.

In its press release yesterday, Bulova Technologies Group the equipment it spotlighted in its display booth during the premier manufacturing technology show in Chicago last week was well-received. This show gave Bulova Technologies Group the opportunity to present its CNC machine offerings in an operational environment to well over 500 interested customers, sales personnel and distributors.

On behalf of BTGI and BTM, we thank the IMTS, DMDII, UILabs and our current and new potential customers who visited with us during the show. We are further pleased to report to our shareholders, our employees and the public that these substantial actions in our networking activities are expanding our value to the manufacturing world and that these entities have already begun to provide their further desire for our products through the placement of new orders,” remarked Bulova Technologies Group CEO Stephen Gurba.

These machines were in operation throughout the whole show, providing visitors insight on its precision operating capabilities. The company also gave the opportunity for the Digital Manufacturing Design Innovation Institute and the University of Indiana Labs to provide a brief introduction at the BTM Distributor Appreciation Reception.

DISCLAIMER: There is a substantial risk of loss with any speculative asset, especially small cap stocks. The opinions expressed are those of the author, and do not constitute recommendations to buy or sell a stock. Do your own research before committing capital.