Bulova Technologies Group, Inc. (OTCPK:BTGI) signed letter of intent to acquire Big Red Transport, Inc. from Michael and Constance Pryslak for $1.2 million on June 15, 2017. Bulova Technologies Group entered into an agreement to acquire Big Red Transport, Inc. from Michael and Constance Pryslak on July 20, 2017. Under the terms of the transaction, purchase price will be paid in the form of a seven year unsecured promissory note payable without interest, plus the assumption of certain liabilities. The transaction was financed by Peoples Bank. The transaction is expected to complete by July 15, 2017.