CirTran Corp. Anticipates Growth.Business Editors/High-Tech Writers SALT LAKE CITY--(BUSINESS WIRE)--Sept. 19, 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 expansion of its sales representation to better meet the demand of expected business growth. CirTran Corp. expects to increase the number of sales representatives the company currently has under contract. Chief Executive Officer Iehab Hawatmeh said, "Our sales representatives come on board with many already established relationships within the industry. By increasing our sales representation we expect to see a positive increase in business, which we can readily handle due to our new facility expansions." Expecting to complete all of the requirements needed for ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 standard certification, Hawatmeh commented, "We anticipate the certification to be completed in the near future. Once certified, we can play in a much bigger market." ISO 9002 is an international certification that a company conforms to certain standards and its unique quality system. Previously, CirTran announced a partnership with an offshore Malaysian entity. Company management expects to commence bidding for multi-million dollar contracts through this entity in the very near future. Management also anticipates increasing revenue from this partnership. Updates on contracts will be forth coming. Additionally, company management is currently in the process of converting previous "labor" contracts to new turn-key customers, providing a greater source of revenue for the company. CirTran Corp., which recently filed to gain a listing on the 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. , is currently awaiting approval of its form 15c211. Acceptance of form 15c211, and the listing of the 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. As part of management's plan to increase company-shareholder communication, shareholders will be updated as events progress. About CirTran Corp. CirTran Corp. "CTC CTC - Cornell Theory Center " provides a mixture of high- and medium-sized volume turn-key manufacturing services using surface mount technology (SMT (1) (Surface Mount Technology) See surface mount. (2) (Station ManagemenT) An FDDI network management protocol that provides direct management. Only one node requires the software. SMT - Station Management ), ball-grid array (BGA (Ball Grid Array) A popular surface mount chip package that uses a grid of solder balls as its connectors. Available in plastic and ceramic varieties, BGA is noted for its compact size, high lead count and low inductance, which allows lower voltages to be used. ) assembly, pin-through-hole (PTH PTH abbr. parathyroid hormone Parathyroid hormone (PTH) A chemical substance produced by the parathyroid glands. This hormone is a major element in regulating calcium in the body. ) 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 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 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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