CirTran Opens Asia Headquarters for CirTran-Asia Division.SALT LAKE CITY -- CirTran Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: 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 ), an international full-service contract electronics manufacturer of printed circuit board assemblies, cables and harnesses, today announced it has opened an office in ShenZhen, China, establishing headquarters for its 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. , CirTran-Asia Inc., to target the vast high-volume Asian manufacturing market. ShenZhen, a largely populated pop·u·late tr.v. pop·u·lat·ed, pop·u·lat·ing, pop·u·lates 1. To supply with inhabitants, as by colonization; people. 2. manufacturing hub, is located on the southern coastal region of China, approximately 35 kilometers from Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . This new office is in a Class A property that strategically positions CirTran-Asia to surround itself by some of the largest manufacturers in China, increasing our opportunities to pursue manufacturing relationships beyond printed circuit board assemblies, cables, harnesses and injection molding injection molding n. A manufacturing process for forming objects, as of plastic or metal, by heating the molding material to a fluid state and injecting it into a mold. systems, and look for complete "box-build" or "turn-key" relationships in the electronics, retail and direct consumer markets. Trevor M. Saliba, executive vice president of worldwide business development of CirTran Corp., commented, "We are very excited about our new Asian headquarters. My colleague, Mr. Charles Ho, president of CirTran-Asia, has proven his ability to execute our company's strategies ahead of schedule. This office will be staffed with both sales and administrative professionals that will continue to pursue manufacturing relationships and manage our current ones." About CirTran Corp. Founded in 1993, CirTran Corp. has established itself as a premier full-service contract electronics manufacturer by building printed circuit board assemblies, cables, and harnesses to the most exacting specifications. CirTran is headquartered in Salt Lake City, with a state-of-the-art, 40,000-square-foot facility. CirTran also provides "just-in-time" inventory management techniques that minimize the OEM's investment in component inventories, personnel and related facilities, thereby reducing costs and ensuring speedy time to market. For further information about CirTran, please visit the company's Web site located at www.cirtran.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 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. , 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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