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CirTran Signs an Exclusive Manufacturing Agreement Valued at $5.4 Million for a New Fitness Product.


CirTran to Exclusively Manufacture a New Fitness Product for an Ohio-Based Company with Revenue in the First Three Years of $5.4 Million Based on Minimum Requirements

SALT LAKE CITY -- CirTran Corporation (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 manufacturer, marketer and distributor of IT, consumer and consumer electronics products, today announced that it has signed an exclusive manufacturing agreement to produce a new fitness product in China. The three-year agreement, signed November 28, involves the custom manufacturing using the capabilities of CirTran's 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. The new customer has committed to minimum orders, amounting to $1.2 million in revenues for the first year, $1.8 million for the second year and $2.4 million for the third year of the five-year contract.

The new fitness product is uniquely designed to strengthen and rehabilitate re·ha·bil·i·tate
v.
1. To restore to good health or useful life, as through therapy and education.

2. To restore to good condition, operation, or capacity.
 the lower back and adjacent areas of the human body.

Iehab J. Hawatmeh, CirTran's chief executive officer, commented, "Americans continue to be receptive to innovative ways to improve their health and fitness, and we are confident this product should receive the same sort of reception. In particular, consumers with lower back pain should find this product of interest. We believe there is a large and motivated audience, and are cautiously optimistic op·ti·mist  
n.
1. One who usually expects a favorable outcome.

2. A believer in philosophical optimism.



op
 that volumes will exceed stated minimums in the near term."

The new customer is preparing its own infomercial, which is expected to debut in the first calendar quarter of 2007 nationwide. Preliminary testing of the product with focus groups has indicated a high probability for direct marketing success.

About CirTran Corporation

CirTran Corporation (OTC BB: CIRT, www.CirTran.com) is a consumer products-driven Company focused on providing the entire spectrum of "Concept to Consumer" services, encompassing engineering, design, prototyping, low and high-volume contract manufacturing, marketing and retail distribution for consumer-oriented products and technologies. Founded in 1993 and headquartered in Salt Lake City, CirTran's 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. CirTran's Racore Technology (www.racore.com) subsidiary provides sophisticated engineering services, including technology design and prototype development. CirTran's wholly-owned subsidiary CirTran-Asia ("CTA An abbreviation for cum testamento annexo, Latin for "with the will annexed." ") with principal office in Shenzhen, China, is a high-volume manufacturing arm, which provides customers with the economic benefits of Asian offshore manufacturing coupled with American-based project management and accountability. CirTran's Diverse Media Group (DMG (Disk iMaGe) The file format used in the Macintosh for distributing Mac software. Mac install packages appear as a virtual disk drive on the Mac as if you had inserted a CD or floppy disk. ) (www.diversemediagroup.com) subsidiary is a Direct Entertainment[TM] firm specializing in multi-channel product marketing, media purchasing, retail distribution and product fulfillment for the direct response and entertainment industries.

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.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 30, 2006
Words:504
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