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CirTran Reduces Loss from Operations in First Quarter.


SALT LAKE CITY -- CirTran Corporation (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: CIRC), a diversified international contract manufacturer of consumer, consumer electronics and IT products, has filed its quarterly report on Form 10-Q Form 10-Q

See 10-Q.
 for the quarter ended March 31, 2009, showing a reduction in loss from operations while incurring a drop in sales.

CirTran reported a loss from operations of $779,242, compared with a loss of $796,471 for the same period in fiscal 2008, benefiting from trimming operating expenses Operating expenses

The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted.
 to $1,149,982 from $1,456,806 in the first quarter of 2008. CirTran also reported net sales Net Sales

The amount a seller receives from the buyer after costs associated with the sale are deducted.

Notes:
This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight
 of $1,922,382 as compared with $2,860,463 in the first quarter of 2008.

The company's net loss of $2,249,557 for the quarter, compared with a loss of $67,619 from the same quarter in 2008, was primarily attributable to a non-cash charge Non-Cash Charge

A charge off, made by a company against earnings, that does not require an initial outlay of cash.

Notes:
Non-cash charges are typically against the depreciation, amortization, and depletion accounts on a company's balance sheet.
 on derivative valuation of $1,288,607, a swing of $2.18 million.

Iehab J. Hawatmeh, 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.  of CirTran, said that his company, "like virtually all small cap companies, feels the crunch of a diminished and troubled worldwide economy."

Refocusing to Meet Changing Markets

Mr. Hawatmeh said that in 2008 and throughout 2009, "CirTran is very much a refocused company. We successfully launched Playboy Energy Drink, manufactured and distributed by our CirTran Beverage Corp subsidiary, and see positive signs in the U.S. and overseas, where we are growing our distribution.

"As the weather warms in the U.S., sales of Playboy Energy Drink are increasing," he said. "And as our international distribution grows, we plan to be in markets where the sun always shines, or where summer is opposite our winter, bringing continuity and consistency to sales and revenue cycles."

Mr. Hawatmeh said that CirTran also continues to build relationships with major U.S. retailers, including Sam's Club Sam's Club is a membership-only warehouse club owned and operated by Wal-Mart Stores, Inc. History
The first Sam's Club opened in April 1983 in Midwest City, Oklahoma in the United States.[1]

Sam's Club is named after Sam Walton.
[R] and Wal-Mart[R], where products manufactured by CirTran Asia are sold, as well as in the company's online marketing presence.

About CirTran Corporation

Founded in 1993, CirTran Corporation (www.cirtran.com) has evolved from its roots to become an international, full-service contract manufacturer. From its headquarters in Salt Lake City, where it operates along with its Racore Technology (www.racore.com) electronics manufacturing This article presents a typical manufacturing process of an electronic assembly. Component manufacturing
Components such as resistors, capacitors and integrated circuits are generally made by specialized contractors.
 subsidiary from an 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 facility, CirTran has grown in scope and geography. Today, CirTran's operations include: CirTran-Asia, a subsidiary with principal offices in ShenZhen, China, which manufactures high-volume electronics, fitness equipment, and household products for the multi-billion-dollar direct response industry; CirTran Online, which offers products directly to consumers through major retail web sites, and CirTran Beverage, which has partnered with Play Beverages, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 to introduce and distribute the Playboy Energy Drink.

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, and such forward-looking statements are made pursuant to the 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.
 provisions 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. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." Additionally, statements relating to the Company's market position or strength, implementation of the Company's plans or strategies, and comparisons with other companies in the same or similar industries could contain forward-looking statements. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties, including those discussed in the Company's other publicly filed reports. Actual results could differ materially from those expressed in any forward-looking statement. CirTran disclaims any obligation or intention to update any forward-looking statement.
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Publication:Business Wire
Article Type:Financial report
Date:May 20, 2009
Words:659
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