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For Immediate Release
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Company Contact:
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Trevor M. Saliba
CirTran Corporation
+(310) 492-0400
trevor@cirtran.com
CirTran Receives First Release Against New $5.4 Million Contract
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New Exercise Products to Be Showcased on TV Starting Next Month
SALT LAKE CITY, Dec. 5, 2006 - CirTran Corporation (OTC BB: CIRT) said today
that it has received the first purchase order against the new $5.4 million
exclusive manufacturing contract it signed last week to built a new fitness
product for the sold-on-TV market.
Iehab J. Hawatmeh, president and CEO of CirTran, an international full-service
contract manufacturer, marketer and distributor of IT, consumer and consumer
electronics products, said the initial purchase order was for more than $54,000
in product. "The working prototype of the new product has been built and
approved, with minor changes to be made in the first manufacturing run," Mr.
Hawatmeh said. Product will be built by CirTran-Asia, and is scheduled to be
shipped to the U.S. by the end of the second week of January.
"Our customer is currently finalizing its infomercial," Mr. Hawatmeh said.
"Their plan is to begin airing the infomercial nationwide by the end of January
in its initial testing period, with the first shipment of product used to
fulfill initial orders."
When it announced the new contract last week, CirTran said that the Ohio-based
customer had committed to $5.4 million in minimum orders -- $1.2 million in the
first year, $1.8 million in the second year, and $2.4 million in the third year
- - as part of the exclusive five-year contract.
The new product is designed to strengthen and rehabilitate the lower back and
adjacent areas of the body.
"The physical fitness boom has never been stronger than it is right now -
particularly when you consider all those New Year's resolutions to lose weight
and get in shape," Mr. Hawatmeh said. "By getting product into the marketplace
early in the year, when consumer's workout indoors in preparation for the spring
and summer months, our customer will be in position to maximize its marketing
efforts, including keeping CirTran busy fulfilling additional purchase orders."
About CirTran Corporation
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Founded in 1993, CirTran Corporation (OTC BB: CIRT, www.CirTran.com) is a
premier international full-service contract manufacturer. Headquartered in Salt
Lake City, its ISO 9001:2000-certified, non-captive 40,000-square-foot
manufacturing facility is the largest in the Intermountain Region, providing
"just-in-time" inventory management techniques designed to minimize an OEM's
investment in component inventories, personnel and related facilities while
reducing costs and ensuring speedy time-to-market. In 1998, CirTran acquired
Racore Technology (www.racore.com), founded in 1983 and reorganized as Racore
Technology Corporation in 1997. Continuing to grow, in 2004 CirTran formed
CirTran-Asia as a high-volume manufacturing arm and wholly owned subsidiary with
its principal office in ShenZhen, China. Today, CirTran-Asia operates in three
primary business segments: high-volume electronics, fitness equipment, and
household products manufacturing, focusing on the multi-billion-dollar direct
response industry.
This press release contains forward-looking statements within the meaning of
section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. With the exception of historical information contained
herein, the matters discussed in this press release involve risk and
uncertainties. Actual results could differ materially from those expressed in
any forward-looking statement.
All trademarks are properties of their respective owners.
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