CLEARWATER, FL -- Bulova Technologies Group intends to divest two of its wholly-owned subsidiaries, BT Manufacturing and BulovaTech Labs, to concentrate on its core defense business.

The company will seek a buyer for BT Manufacturing, its contract electronics manufacturing business, and will seek to effectively spin off LABS as a public company.

The company set a goal of May 31 to have both deals done.

In a statement, president and chief executive Stephen L. Gurba said, “Bulova Technologies Group is first and foremost a defense contractor and its engagement in contract manufacturing and the BulovaTech Labs’ businesses has been diluting the company’s energies and assets. With these two transactions, the company will be able to focus its attention on the growth of its principal defense business.”

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