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CirTran Receives New Product Orders From Lockheed Martin Corp. 5/28/2004 7:02:47 AM The Product to Be Installed in a New Undisclosed Branch of Government Agency
SALT LAKE CITY, UT, May. 28, 2004 (MARKET WIRE via COMTEX) -- CirTran Corp. ( CIRT ), a full-service contract electronics manufacturer of printed circuit board assemblies, cables and harnesses, today announced that its wholly-owned subsidiary, Racore Technology Corp. has just received an additional purchase order from Lockheed Martin Corp. for its Fiber Optic M8190 Network Adaptor Card. The end user will be a new undisclosed government agency. The Racore Network Adaptor Cards, which are "Turn-Key" manufactured by CirTran Corp., are considered to be leading edge network cards providing the highest security for the end user. The order was placed by Quatro Systems, Inc. and will be dropped shipped to Lockheed Martin's facility in Sterling, Virginia. Multiple United States government agencies including the CIA, FBI, Armed Forces, and the United States Treasury Department benefit from the use of Racore Products.
Trevor M. Saliba, Senior Vice President of Worldwide Business Development of CirTran Corporation, commented, "We are very excited about this new order from Lockheed Martin Corp. for the new government agency. This new order represents another Fortune 500 company and government agency choosing Racore products as their solution when upgrading their network systems."
About CirTran Corporation
Founded in 1993, CirTran Corporation ( CIRT ) has established itself as a premier full-service contract electronics manufacturer by building printed circuit board assemblies, cables, and harnesses to the most exacting specifications. CirTran is headquartered in Salt Lake City, Utah with a state-of-the-art 40,000 sq. ft. facility. CirTran also provides "just-in-time" inventory management techniques that minimize the OEM's investment in component inventories, personnel and, related facilities, thereby reducing costs and ensuring speedy time-to-market. For further information about CirTran, please visit the Company's website located at www.cirtran.com.
Safe Harbor Statement
Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 and may contain forward-looking statements, with words such as "anticipate," "believe," "expect," "future," "may," "will," "should," "plan," "projected," "intend," and similar expressions to identify forward-looking statements. These statements are based on the company's beliefs and the assumptions it made using information currently available to it. Because these statements reflect the company's current views concerning future events, these statements involve risks, uncertainties and assumptions. The actual results could differ materially from the results discussed in the forward-looking statements. In any event, undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release. Accordingly, reference should be made to the company's periodic filings with the Securities and Exchange Commission.
CirTran Receives Additional $500,000 Order From Broadata Communications 5/27/2004 4:04:48 PM Backlog Approaching $3,000,000
SALT LAKE CITY, UT, May. 27, 2004 (MARKET WIRE via COMTEX) -- CirTran Corp. ( CIRT ), a full-service contract electronics manufacturer of printed circuit board assemblies, cables and harnesses, today announced it has received a new Purchase Order from Broadata Communications Inc. (BCI), a leading manufacturer in the Digital Fiber Optic Cable Communications Equipment firm based in Southern California for $500,000. This order was received pursuant to the manufacturing agreement between Broadata and CirTran. Prior to signing the Manufacturing Agreement, CirTran was building various printed circuit board assemblies for this project. CirTran will be performing complete box-build product manufacturing services for this project.
Trevor M. Saliba, Senior Vice President of Worldwide Business Development of CirTran Corporation, commented, "We are very excited to announce this new purchase order. This strategic alliance is proving the benefits of CirTran's unique manufacturing program. With this new order, our overall company backlog is approaching $3,000,000."
About CirTran Corporation
Founded in 1993, CirTran Corporation ( CIRT ) has established itself as a premier full-service contract electronics manufacturer by building printed circuit board assemblies, cables, and harnesses to the most exacting specifications. CirTran is headquartered in Salt Lake City, Utah with a state-of-the-art 40,000 sq. ft. facility. CirTran also provides "just-in-time" inventory management techniques that minimize the OEM's investment in component inventories, personnel and, related facilities, thereby reducing costs and ensuring speedy time-to-market. For further information about CirTran, please visit the Company's website located at www.cirtran.com.
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CirTran Receives $1,640,000 Purchase Order 6/7/2004 9:43:00 AM June Orders Expected to Triple 2003 Annual Revenues
SALT LAKE CITY, UT, Jun. 07, 2004 (MARKET WIRE via COMTEX) -- CirTran Corp. ( CIRT ), a full-service contract electronics manufacturer of printed circuit board assemblies, cables and harnesses, today announced it has received an initial purchase order for $1,640,000 through its newly formed, wholly-owned subsidiary, CirTran-Asia, Inc. To date, CirTran Corp. has received payment for and shipped approximately $225,000 worth of product against this purchase order. Pursuant to the terms of the shipment schedule provided by the end client, the company anticipates shipping a minimum of $200,000 worth of product each week with, all payments made to CirTran prior to shipping.
CirTran's management team remains highly optimistic with regard to the company's future based on sales growth this year. The recent and continuing growth in purchase orders is part of a series of steps management has initiated in order to help propel the company towards strong, positive cash flow.
Trevor M. Saliba, Executive Vice President of Worldwide Business Development of CirTran Corporation, commented, "We are very excited to announce the immediate success of our new subsidiary, CirTran-Asia and its first contract win. This order is actually Phase I of an equal, two-part order. We are anticipating the Phase II order to be received before the month's end. This will total approximately $3,300,000 in new orders for CirTran-Asia's first 30 days in operation. This translates, with this order alone, to an almost 200% increased compared with the company's total overall revenues for 2003."
The company is currently in the process of establishing a dedicated satellite office in Asia and is interviewing seasoned executives with the needed expertise to continue to build this division. The company recently announced the CirTran-Asia, Inc. division will pursue manufacturing relationships beyond printed circuit board assemblies, cables, harnesses and injection molding systems and look for complete "box-build" or "turn-key" relationships in the electronics, retail and direct consumer product markets.
About CirTran Corporation
Founded in 1993, CirTran Corporation ( CIRT ) has established itself as a premier full-service contract electronics manufacturer by building printed circuit board assemblies, cables, and harnesses to the most exacting specifications. CirTran is headquartered in Salt Lake City, Utah with a state-of-the-art 40,000 sq. ft. facility. CirTran also provides "just-in-time" inventory management techniques that minimize the OEM's investment in component inventories, personnel and, related facilities, thereby reducing costs and ensuring speedy time-to-market. For further information about CirTran, please visit the Company's website located at www.cirtran.com.
Safe Harbor Statement
Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 and may contain forward-looking statements, with words such as "anticipate," "believe," "expect," "future," "may," "will," "should," "plan," "projected," "intend," and similar expressions to identify forward-looking statements. These statements are based on the company's beliefs and the assumptions it made using information currently available to it. Because these statements reflect the company's current views concerning future events, these statements involve risks, uncertainties and assumptions. The actual results could differ materially from the results discussed in the forward-looking statements. In any event, undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release. Accordingly, reference should be made to the company's periodic filings with the Securities and Exchange Commission.
Contact: Trevor M. Saliba Company: CirTran Corporation Voice: 818-788-2033 URL: http://www.cirtran.com Ronald L. Garner, Communications Director Company: Equitilink, LLC Voice: 877-788-1940 URL: http://www.equitilinkpr.com
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