CirTran Corp. Connects with Nortel.Business Editors/High-Tech Writers SALT LAKE CITY--(BUSINESS WIRE)--Oct. 11, 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 turnkey solutions, Thursday announced that Nortel Networks Corp. (NYSE NYSE See: New York Stock Exchange : NT) chose the CirTran production process for some of Nortel's latest communication equipment. The production work for Nortel's new product is called the "CallPilot." "CallPilot" is a unified messaging tool that brings together voicemail, e-mail and fax to create a personal communications management system that can be easily used through voice commands from virtually anywhere. As unit sales unit sales Sales measured in terms of physical units rather than dollars. Unit sales data are often used by financial analysts when evaluating the health of a company. for the "CallPilot" rise, CirTran is expecting production orders from Nortel to go up presenting a significant contract manufacturing opportunity for CirTran. As an approved manufacturer for Nortel, CirTran is now qualified to bid on other contract manufacturing opportunities that become available. These opportunities are only open to "approved" contract manufacturers. The due diligence involved in becoming an approved contract manufacturer for Nortel is an intense process. A quality control engineer from Nortel audited the CirTran production process, and has confirmed that every step of the CirTran manufacturing process is done according to industry quality guidelines. CirTran Corp., which recently filed to gain a listing on the Nasdaq 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. About CirTran Corp. CirTran Corp. "CTC CTC - Cornell Theory Center " provides a mixture of high- and medium-sized volume turnkey 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. 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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