CirTran Anticipates Listing Approval.Business Editors/High-Tech Writers SALT LAKE CITY--(BUSINESS WIRE)--Nov. 7, 2001 CirTran Corp. (Pink Sheets: CIRT CIRT Computer Incident Response Team CIRT Critical Incident Response Team CIRT Camara Nacional de La Industria de Radio y Television (Mexican Association of Broadcasters) CIRT Central Institute of Road Transport ), the largest non-captive contract manufacturer in Utah, providing complete turn-key solutions, Wednesday announced the filing of its SB2A in response to comments received on its initial application. CirTran Corp. management is confident it has completed the final steps required in gaining its NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. listing. Management believes it is now in full compliance with regulatory listing guidelines and anticipates acceptance in a timely fashion. The listing of CIRT shares on the NASDAQ OTCBB OTCBB See OTC Bulletin Board (OTCBB). market will provide access to a much broader base of investors, and should provide additional opportunities for financing and expansion through potential acquisitions. Additionally, company management previously announced that it expects to see increasing revenues from the conversion of previous "labor" contracts to new turn-key customers. About CirTran Corp. CirTran Corp. "CTC CTC - Cornell Theory Center " provides a wide variety of pre-manufacturing, manufacturing and post-manufacturing services, offering a mixture of high- and medium-sized volume turn-key manufacturing services for leading electronics OEMs in the communications, networking, peripherals, gaming, consumer products telecommunications, automotive, medical, and semiconductor industries. CTC's goal is to offer its customers the significant competitive advantages that can be obtained from manufacturing outsourcing such as access to advanced manufacturing technologies, shortened product time-to-market, reduced cost of production, more effective asset utilization, improved inventory management and increased purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. . Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 and may contain forward-looking statements, with words such as "anticipate," "believe," "expect," "future," "may," "will," "should," "plan," "projected," "intend," and similar expressions to identify forward-looking statements. These statements are based on the company's beliefs and the assumptions it made using information currently available to it. Because these statements reflect the company's current views concerning future events, these statements involve risks, uncertainties and assumptions. The actual results could differ materially from the results discussed in the forward-looking statements. In any event, undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release. Accordingly, reference should be made to the company's periodic filings with the Securities and Exchange Commission. |
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