CirTran Corp.'s Iehab J. Hawatmeh Again Nominated in 19th Annual 'Entrepreneur of the Year' Awards Program.SALT LAKE CITY -- CirTran Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: 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 ) announced today that Iehab J. Hawatmeh, its founder, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , has once again been nominated in the 19th annual Ernst & Young Entrepreneur of the Year(R) program. "Iehab Hawatmeh has done a tremendous job of turning his company around despite almost insurmountable odds in an extremely competitive business," said Robert Houk, CFM (Cubic Feet per Minute) The measurement of air flow. Cooling fans are rated in CFM. , of Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. in Salt Lake City, in his nomination of the CirTran president. CirTran Corp., an international full-service contract manufacturer of IT, consumer and consumer electronics products, recently announced that it will report "dramatic increases" in its fourth quarter and year-end results for fiscal 2004 when it files its 10-KSB in March. Hawatmeh said CirTran plans to report sales of $3,640,225 for the quarter ended Dec. 31, 2004, as compared to $261,215 for the same period in 2003, an increase of 1,395%, and that for the year ending Dec. 31, 2004, CirTran plans to report sales of $8,870,599, as compared to $1,215,245 for 2003, an increase of 730%. "Pride and Humility" "When I was nominated for this prestigious award sponsored by Ernst & Young a year ago, I was very proud," said Hawatmeh. "Now, receiving two nominations in a row is even more special. I have a great sense of pride and both humility, and very much appreciate the contributions of everyone at CirTran and CirTran-Asia who have been so important in our effort to put the company on the right track." The Entrepreneur of the Year awards program was created and is produced by professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firm Ernst & Young LLP LLP - Lower Layer Protocol , honoring entrepreneurs in regional, national and global award programs in more than 100 cities and 35 countries. As the first award of its kind, the Ernst & Young Entrepreneur of the Year recognizes outstanding entrepreneurs who are building and leading dynamic and growing businesses and who are primarily responsible for the overall performance of public and private companies. About CirTran Corp. Founded in 1993, CirTran Corp. (www.CirTran.com) is a premier international full-service contract manufacturer of low- to mid-size volume contracts for printed circuit board assemblies, cables and harnesses to the most exacting specifications. Headquartered in Salt Lake City, CirTran's modern 40,000-square-foot manufacturing facility is the largest in the Intermountain in·ter·moun·tain adj. Located between mountains or mountain systems, especially lying between the Rocky Mountains and the Sierra Nevada or Cascade Range in the western United States. 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. About CirTran-Asia CirTran-Asia (www.CirTran-Asia.com) was formed in 2004 as a high-volume manufacturing arm and wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of CirTran Corp. with its principal office in ShenZhen, China. CirTran-Asia operates in three primary business segments: high-volume electronics, fitness equipment and household products manufacturing, focusing on being a leading manufacturer for the multibillion-dollar direct response industry, which sells through infomercials, print and Internet advertisements. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. Ernst & Young Entrepreneur of the Year Award is a registered trademark of Ernst & Young LLP. |
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