CirTran Corporation Names Richard T. Ferrone as CFO.SALT LAKE CITY -- CirTran Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :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 ), a full-service contract manufacturer of IT, consumer and consumer electronics products, today announced the appointment of Richard T. Ferrone, C.P.A., as its chief financial officer. The announcement was made by Iehab J. Hawatmeh, founder and president of CirTran, to whom Mr. Ferrone reports in his newly-created position. "CirTran's growth is substantial and widespread, and the company needed a senior level financial professional to help manage and administrate that growth," said Mr. Hawatmeh. "As we continue to add profit centers and subsidiary companies and diversify our marketing and manufacturing activities, Richard Ferrone should be an immediate and long-term asset to our expanding growing global organization." Prior to joining CirTran, Mr. Ferrone had headed his own accounting firm -- Ferrone & Associates -- which he established in Salt Lake City in 1994. Previously, he was vice president and CFO See Chief Financial Officer. for then-publicly-held GCI GCI Ground Circuit Interrupter GCI Getty Conservation Institute GCI Global Commerce Initiative GCI Green Cross International (non-profit international environmental organization) GCI Growth Competitiveness Index GCI Great Cities Institute Industries, Inc./Golf Card International for seven years, and served as CFO of the Huntsman, Christensen Real Estate & Development Co. Mr. Ferrone had also served as vice president and chief financial officer for BSD (Berkeley Software Distribution) The software distribution facility of the Computer Systems Research Group (CSRG) of the University of California at Berkeley. Medical Corporation (AMEX AMEX See: American Stock Exchange : BSM BSM Business Service Management BSM Basic Security Module BSM Best Stations Memory (Pioneer car stereos) BSM Business Systems Modernization BSM Bronze Star Medal BSM Black Student Movement BSM Benilde-St. ) after beginning his career with Hansen, Barnett & Maxwell CPAs in Salt Lake City. Mr. Ferrone has a B.S. in Accounting from the University of Utah The University of Utah (also The U or the U of U or the UU), located in Salt Lake City, is the flagship public research university in the state of Utah, and one of 10 institutions that make up the Utah System of Higher Education. , where he also studied for a Master of Professional Accountancy with a tax emphasis. He resides with his family in suburban Salt Lake City. About CirTran Corporation Founded in 1993, CirTran Corporation (OTCBB:CIRT) (www.CirTran.com) is a premier international full-service contract manufacturer. Headquartered in Salt Lake City, its 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. 9001:2000-certified, non-captive 40,000-square foot manufacturing facility is the largest in the Intermountain 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. In 1998, CirTran acquired Racore Technology (www.racore.com), founded in 1983 and reorganized as Racore Technology Corporation in 1997. In 2004, it formed CirTran-Asia as a high-volume manufacturing arm and wholly-owned subsidiary 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 the multi-billion dollar Direct Response Industry. This press release contains forward-looking statements 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. |
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