Jun 30 2010
Growth Technologies International, Inc. (Pink Sheets:GRWT) (the "Company" or "GROWTH") announced today the completion of the acquisition of BulovaTech Labs ("LABS") from Bulova Technologies Group, Inc. (Pink Sheets:BLVT). GROWTH believes the acquisition endows the Company with a portfolio of technologies with transformational potential. GROWTH's business plan is to commercialize, license or sell the technologies as they mature. In connection with the LABS acquisition agreement, the Company granted Bulova Technologies Group, Inc. a first right of refusal with respect to defense technologies.
The technologies are concentrated in the following fields:
To date, there have been substantial investments in these technologies. The Company believes the future investment needed prior to commercialization, licensing or sale will not represent a significant financial burden.
Source:
Growth Technologies International, Inc.