CirTran Names Top Utah Businessman Don L. Buehner to Board of Directors.SALT LAKE CITY -- CirTran Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CIRC), an international full-service contract manufacturer of IT, consumer and consumer electronics products, said today that Don L. Buehner, one of the top businessmen in Utah, has joined its Board of Directors as its second outside member as of October 1. Mr. Buehner joins Iehab J. Hawatmeh, CirTran's founder and president, and Fadi Nora, a financial industry executive, on the Board. "Don Buehner has achieved tremendous success in a business career spanning more than half a century and is widely regarded as a leader of the Utah business community," said Mr. Hawatmeh. "His experience and in particular his financial background should prove invaluable in helping guide CirTran. Truly, we are honored that Don will be a member of our Board." Mr. Buehner, 78, has been an entrepreneur entrepreneur (än'trəprənûr`) [Fr.,=one who undertakes], person who assumes the organization, management, and risks of a business enterprise. and a leader of several businesses - including many in the lighting industry - since the 1960s. He started Traco Ltd., took it international, and until recently served as chairman of Lite Touch[R]. He is the owner of DB Finance, which has discounted commercial paper for more than 40 years, provides factoring services, and buys, and leases commercial properties. Mr. Buehner said that he is "excited about the path being taken by CirTran. I know and respect Iehab Hawatmeh as an entrepreneurial en·tre·pre·neur n. A person who organizes, operates, and assumes the risk for a business venture. [French, from Old French, from entreprendre, to undertake; see enterprise. executive with an aggressive outlook. CirTran is growing in the U.S. and in manufacturing in China," he said, "and I am happy to join Iehab and the Board to help steer steer castrated male cattle beast over a year of age. See also bullock, buller steer. steer bulling see bulling. steer Medtalk verb and achieve future growth." About CirTran Corporation Founded in 1993, CirTran Corporation (OTCBB: CIRC, 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 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. In 1998, CirTran acquired Racore Technology (www.racore.com), founded in 1983 and reorganized re·or·gan·ize v. re·or·gan·ized, re·or·gan·iz·ing, re·or·gan·iz·es v.tr. To organize again or anew. v.intr. To undergo or effect changes in organization. as Racore Technology Corporation in 1997. Continuing to grow, in 2004 CirTran formed CirTran-Asia 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. with its principal office in ShenZhen, China. Today, 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 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. The Company disclaims any obligation or intention to update any forward-looking statements. All trademarks are properties of their respective owners. |
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