CirTran Projects Record Sales and First-Ever Profitable Quarter.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 ), an international full-service full-ser·vice adj. Associated with or offering complete service: full-service gasoline pumps; full-service banks. contract manufacturer of IT, consumer and consumer electronics products, today said that it projects reporting record sales for the second straight quarter when it files a 10-Q for the second quarter of fiscal 2005 next month. Iehab J. Hawatmeh, CirTran's founder, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , also said that the company is projecting that it will report its first profitable quarter since becoming a public company in 2000. Mr. Hawatmeh said CirTran anticipates reporting record sales of $4.22 million -- its biggest second quarter ever -- for three months ended June June: see month. 30, 2005, up 119 over the $1.92 million reported for the same period a year ago. In addition, he said sales for the second quarter were up approximately 1.3 million, or 44%, as compared with record first quarter sales of $3.92 million reported. Mr. Hawatmeh said CirTran expects to report sales for the six months ended June 30 of $7.14 million, up 178% over the $2.57 million reported for the same period in fiscal 2004. CirTran's 'Best Start Ever' "This is clearly our best start ever," said Mr. Hawatmeh. "Revenues are well up, with more than $80 million in new business backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. signed during the first half of 2005, while we've we've Contraction of we have. we've have continued to reduce and control costs." Mr. Hawatmeh said the company's growth has been "both at home in Salt Lake City, where we have added to our contracts, revenues and employee base, as well as at CirTran-Asia, where the company has continued to grow its business base in building products for the sold-on-TV marketplace. "CirTran has emerged from a down period and is running full steam ahead," he said. "We look forward to rewarding our shareholders' trust and investments as we continue toward a profitable 2005." About CirTran Corporation Founded in 1993, CirTran Corporation (OTCBB:CIRT) (www.CirTran.com) is a premier international full-service contract manufacturer of low to mid size volume contracts for printed circuit board assemblies, cables and harnesses to the most exacting specifications. Headquartered in Salt Lake City, CirTran's modern 40,000-square foot non-captive manufacturing facility -- 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 -- provides "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. About CirTran-Asia CirTran-Asia (www.CirTran-Asia.com) was formed in 2004 as a high-volume manufacturing arm and wholly-owned subsidiary of CirTran Corporation 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 being a leading manufacturer for the multi-billion dollar Direct Response Industry, which sells through infomercials, print and internet advertisements. 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. |
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