Bulova Technologies Group, Inc. (OTCMKTS:BTGI) revealed a merger deal between its subsidiary BT-Twiss Logistics and Gulf Transportation Group.
The deal which took place on July 21 increased Bulova’s carrier portfolio by more than 500 owner-operators. The merger is of particular importance to BT-Twiss because It will enhance its presence, especially as an international carrier especially now that it has access to more than 500 owner-operators with authority to run operations throughout the entire US-Canadian border. The Canadian terminal is located in Brampton, Ontario while the US terminal is in Largo, Florida. Mr. Joseph Drago who is the Canadian Logistics Director of Sales and Operations has also been brought on board courtesy of the merger.
Mr. Drago has more than 40 years of experience in the transportation business. He has also operated Gulf Transportation Group as the owner for more than 6 years, meaning his is fully aware of how to handle the operations and operations of the merger. His experience will also be a significant part of making sure that the business thrives. BTGI President and CEO Stephen L Gurba stated that the operations of BT-Twiss have been pivotal to his company’s progress. It was therefore considered as one of the most successful businesses to qualify as a candidate.
Mr. Gurba also stated that his firm will continue to seek out business areas that promise higher profits and customer satisfaction and BTGI will continue to work on improving such business areas. The merger is expected to make $2 million in annual sales if all goes as planned. Both firms look forward to combining their resources so that they can optimize their operations rather than just boosting international presence and solidifying its position in the sector. The merger is also expected to boost business operations within the US-Canadian border. Financial details about the merger are yet to be revealed. The recent merger also opens up doors for other similar deals that are aimed at boosting performance and operations.
Progressive Care Inc (OTCMKTS:RXMD) Receives $250,000 for Expanding Warehouse Space
Progressive Care Inc (OTCMKTS:RXMD) is already looking into the future after receiving the first tranche of a $2 million financing agreed recently. Expansion of warehouse space is top of the agenda on the company receiving $250,000 from Chicago Venture Partners.
The company has been busy in pursuing building permits as well as licenses needed for operations in a number of states as it continues to pursue new opportunities for growth. The financing should go a long way in helping bolster the company’s operations in New Jersey and Pennsylvania where it recently received permits for dispensing drugs.
Progressive Care continues to register robust growth thanks to the aggressive expansion plan that has seen it increase the number of states where it dispenses drugs. In the month of June, it posted record sales of $1.7 million having also reported record sales for the first three months of the year.