CirTran Wins $30 Million Contract to Build Sold-on-TV New Fitness Machine; New 'Exclusive Manufacturer' Contracts Won by CirTran-Asia Now Total $60 Million.SALT LAKE CITY -- CirTran Corp. (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 ) announced today that it has been awarded a $30 million contract to be the exclusive manufacturer of a new fitness machine for the sold-on-TV direct response industry. Trevor M. Saliba, CirTran's executive vice president for worldwide sales, said the agreement is the "third major new exclusive manufacturer contract" for CirTran-Asia, the company'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. based in China, in the first four months of 2005. Saliba said that the total of the new manufacturing contracts won by CirTran is approximately $60 million (annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. ). In January, CirTran-Asia received a contract from E. Mishan & Sons Inc., of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , to be the exclusive manufacturer of the Hot Dog Express, and in February it contracted with Advanced Beauty Solutions, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , of Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , to be the exclusive manufacturer of the "True Ceramic This article is about ceramic materials. For the fine art, see Ceramic art. The word ceramic is derived from the Greek word κεραμικός (keramikos). Pro - Flat Iron Traveling Kit." Both products are currently being sold on nationwide TV via infomercials. Saliba said that by mid-summer the manufacturing of the new fitness machine, the Hot Dog Express and the True Ceramic Pro - Flat Iron Traveling Kit could generate as much as $6 million per month in revenue to CirTran. Recognition Direct Response Business "Winning business from major direct response TV marketers is great validation See validate. validation - The stage in the software life-cycle at the end of the development process where software is evaluated to ensure that it complies with the requirements. of the quality products manufactured by the CirTran organization," he said. "These companies from whom CirTran has won business are world-class and worldwide," said Saliba. "They have a choice -- in fact many choices -- when it comes to finding manufacturing partners. We have won business because we have demonstrated that at CirTran and CirTran-Asia quality and quantity go hand-in-hand. Our CirTran-Asia operations, headed by Charles Ho, have turned prospects into customers when they've traveled to China to see our production line turning out quality products, 24 hours a day, seven days a week." Leading to a Record Quarter Saliba credited the new business won by CirTran-Asia and a steady increase in contracts won by the company's Salt Lake City facility for a record first quarter. CirTran will report record sales of approximately $2.93 million, up 353% over the $645,612 reported for the first quarter of fiscal 2004, when it files a 10-Q with the SEC next month, he said. About CirTran Corp. Founded in 1993, CirTran Corp. (www.CirTran.com) is a premier international full-service contract manufacturer of low- to mid-sized 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 Corp. 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 multibillion-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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