CirTran Receives Final Payment on $1 Million Private Investment Ahead of Schedule.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, said today it has received the final payment in a recently-announced $1 million private investment in the company. CirTran President Iehab J. Hawatmeh said the third and final payment -- $250,000 -- of the $1 million invested in his company by ANAHOP, an Anaheim, California-based company headed by Albert Hagar Albert Hagar (1827 – September 14 1924) was a Canadian merchant and politician. Born in North Plantagenet Township, Upper Canada (now Ontario), the son of a former Montreal merchant, he was educated in Vermont and became a farmer, merchant and lumber dealer and owned a , was received this week, "ahead of schedule." CirTran announced on May 30th that ANAHOP had contracted to purchase 14,285,715 shares of CirTran's restricted common stock for $.07 per share without any registration rights. The initial $500,000 payment was made May 24, the second payment on June 2, with the final payment not having been due until June 30, 2006. "Receiving the final payment from ANAHOP more than two weeks ahead of schedule demonstrates their confidence in this investment in CirTran," Mr. Hawatmeh said. Mr. Hawatmeh also said that the filming of infomercials for The Real Deal Grill(TM) featuring four-time world heavyweight champion Evander Holyfield Evander "The Real Deal" Holyfield (born October 19, 1962 in Atmore, Alabama) is a professional boxer from the United States and a multiple world champion in both the cruiserweight and heavyweight divisions. has been delayed for a couple of weeks. The infomercials were to have been completed on Saturday. "This is an exciting time for CirTran, with the private investment of $1 million now complete and the infomercials for the launch of the Real Deal Grill to be completed soon," Mr. Hawatmeh said. 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 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. 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 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. All trademarks are properties of their respective owners. |
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