Tuesday, October 11, 2011 – Mid-day Report

Second “Legends of the Fall” Stock Pick

Bulova Technologies Group, Inc.

(OTCQB: BLVT)

BLVT Begins to Move Up on News!

Morning Notes:  BLVT rallied thus far to hit a high of .019 per share up as much as 79.24%.  We anticipate continued strong action from this way oversold situation. 

A new video chart has been constructed and posted at:

http://www.otcshowcase.com/?p=3441 and www.pennypayday.com 

See portion of our report below and on our website at www.TheGreenBaron.com:

Backlog Exceeds $450 million over next 4 ˝ Years, Significant Pending Awards Remain, and Funding for Current Contracts in Place for Timely Delivery to US Dept. of Defense

New PR Issued Today: Bulova Technologies Announces it has Secured Letter of Credit Financing

Green Baron Predicts BLVT to Go Profitable in Current Quarter Ending December 31

Second of three “Stock Picks” we are calling “Legends of the Fall” has huge upside based on fundamental asset base and earnings potential; Recent selloff deemed temporary

Click Here for 52-Week Chart on BLVT

Late last December, we provided coverage of Bulova Technologies Group at .07 per share as a January Effect stock play and predicted it would at least double in price by the end of January.  In fact, on the last trading day of the month of January BLVT traded at .14 per share meeting our expectation of 100% move.  However, it has been a long year for the Company since then despite the positive move it had in January.  We have continued to monitor developments at Bulova Tech all year, and now we are ready to make a new call on BLVT that we believe is the best time in its trading history to enter the stock.

Therefore, The Green Baron Report has selected Bulova Technologies Group, Inc. (OTCQB: BLVT) as our 98^th Green Baron “Stock Pick” since inception for our home page, and we strongly suggest members accumulate the stock as close to our profile price of .0106 as possible.  Results compiled from the most recent trade prior to dissemination of this report to the subsequent high will be closely monitored at www.thegreenbaron.com and through email updates to members.  We have very aggressive price projections for BLVT and believe the stock has huge upside potential based on several positive fundamental factors.

BLVT is also considered our second of three stocks we have labeled “Legends of the Fall”; stocks that we expect to have legendary returns over the 90 days of autumn this year.  Originally, we planned to only release two of these picks but we felt that BLVT was trading at such a ridiculously low price that we should give our members this tremendous opportunity.

Trader’s Notes:  BLVT was trading between .03 and .07 per share from April to early September this year.  A big seller recently dumped shares on September 12 and 13, and the total volume for those two days was over 3.5 million shares.  Volume on September 13 was the highest of the year.  Shares of BLVT broke support at .03 and fell to nearly a penny.  Although the stock has rallied to .017, BLVT has struggled to jump in the past few weeks.

We believe the big seller is either done, or will be finished soon.  It appears that no one benefits from BVLT trading below a penny per share, and the stock remains technically way oversold even in the wake of improving fundamentals.  We see little resistance below .03 per share which provides us with nearly a 200% move to the upside in the near-term. 

Bulova Technologies Ordnance Systems LLC located on 261 acres in Mayo, Florida, is a load, assembly, and pack (L.A.P.) facility specializing in fuzes, safe and arming devices and explosive simulators. Ordnance produces a variety of pyrotechnic devices, ammunition and other energetic materials for the U. S. Government and other Allied Governments throughout the world.

Bulova Technologies (Europe) LLC executes military contracts from the Company's headquarters in Clearwater, Florida and locations in NATO Europe as a broker which allows for the movement of military articles across friendly borders to support soldiers throughout the world. Bulova Technologies Europe is a full Systems Integrator, providing our Armed Services and allied governments with material that provides our soldiers an overwhelming edge over enemy forces.

Both companies are registered with the United States Department of State Directorate of Defense Trade Controls (DDTC). Through our operations based in Mayo, Florida, the Company has an extensive history of large scale Defense Contracts for munitions, weapons systems, and combat systems

Green Baron Analysis – We view today’s announcement that Bulova has secured letter of credit financing to be critical to executing its business plan and to successfully deliver on its contracts.  It is one thing to win contracts; it’s another to have the ability to deliver on those contracts in a timely manner.  Bulova has been awarded and has announced several major contracts over the past few years, but has had trouble raising purchase order financing to manufacture product. 

Due to the financial meltdown in 2008, many companies have struggled to retain financing on reasonable terms even for government contracts.  Bulova should have been a rising star, but was held hostage to a poor lending environment.  This new letter of credit financing announced today could lead to one of the biggest stock turnarounds in history due to the large backlog that remains at Bulova. 

At just over a penny per share for BLVT and slightly above the year low, the near-term move in the shares could be substantial.  Over the near-term, we anticipate a move back up to at least .03 to .04 per share, but would not be surprised to see it go back to .10 per share once the Company proves it can go profitable.  The Green Baron Report maintains that Bulova will begin to show profitability in its first quarter 2012 numbers which ends for BLVT on December 31, 2011. 

Finally, we view the huge drop of BLVT shares from .04 to about a penny to be generated primarily from one shareholder that desperately dumped shares to raise cash.  Although there could be more shares lingering from this seller, we don’t see any benefit to anyone in selling more at these depressed prices particularly in the wake of such great news.  It seems the selling has dried up, and if this seller is completely done then the shares of BLVT could get to .10 per share much faster than predicted.

We urge members to go see today’s press release from BLVT at:

http://finance.yahoo.com/q?s=blvt&ql=1