CirTran Corp. Announces Stock Split.

Business Editors/High-Tech Writers

SALT LAKE CITY--(BUSINESS WIRE)--July 23, 2001

CirTran Corp. (Pink Sheets: CIRT) Monday announced that its board of directors has unanimously approved a 15:1 forward split of the company's common stock.

This will effectively increase the issued shares from 10,495,637 to 157,434,555. The forward split was done to address what is anticipated to be the last hurdle in the relisting process. The NASD had previously commented that due to the extremely small number of shares currently available in the public float, a move to the OTCBB would continue to be delayed.

Iehab Hawatmeh, president of CirTran commented, "This split will hopefully increase the float to a level acceptable by the NASD, and should also allow for increased liquidity, and a more favorable bid/ask spread. The NASD returned comments after our previous OTCBB listing application that the small float was a concern.

"Further, CirTran will be poised to take advantage of the opportunities presented due to consolidation within our industry."

In a statement from the board of directors the company issued, "All stockholders of record as of the close of business on Aug. 2, 2001 shall receive for no additional consideration on Aug. 3, 2001, 14 additional shares of common stock for each share held and the shares of common stock so issued shall be, when issued, fully paid and non-assessable."

The transfer agent for CirTran Corp. is Interwest Transfer Co., Inc. They are located at P.O. Box 17136, Salt Lake City, UT 84117, and may be reached at 801/272-9294 by telephone or 801/277-3147 by fax.

About CirTran Corp.

CirTran Corp., "CTC," provides a mixture of high- and medium-sized volume turnkey manufacturing services using surface mount technology (SMT), ball-grid array (BGA) assembly, pin-through-hole (PTH) and custom injection molded cabling for leading electronics OEMs in the communications, networking, peripherals, gaming, consumer products, telecommunications, automotive, medical and semiconductor industries.

The company provides a wide variety of pre-manufacturing, manufacturing and post-manufacturing services.

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.

For more about CirTran visit the company's website at http://www.cirtran.com.

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