posted
CirTran Corp. Awarded Record $22 Million Contract to Manufacture Sold-on-TV Product for Advanced Beauty Solutions
SALT LAKE CITY--(BUSINESS WIRE)--Feb. 23, 2005--CirTran Corp. (OTC BB: CIRT), an international full-service contract manufacturer of IT, consumer and consumer electronics products, announced today that it has been awarded the largest contract in its history.
Iehab J. Hawatmeh, CirTran's founder, president and CEO, said the contract signed with Advanced Beauty Solutions, LLC, of Los Angeles, is expected to generate $22 million in revenue over the next 12 to 14 months. CirTran, he said, will be the exclusive manufacturer of the "True Ceramic Pro - Flat Iron Traveling Kit," a popular consumer electronics product sold nationwide on TV via infomercials.
Hawatmeh said the $22 million contract was "by far the largest ever for CirTran.
"The start of 2005 has been very exciting for CirTran," he said, noting that last month the company announced another major consumer electronics manufacturing contract (see "CirTran Cuts the Mustard with $1.8 Million Contract to Manufacture the New Sold-on-TV 'Hot Dog Express,'" Business Wire, Jan. 24), after previously announcing that it anticipates reporting substantial growth when it files its 10-KSB with the SEC in March (see "CirTran Sites New Consumer Manufacturing Business for 'Dramatic Increases' in Q4 and 2004 Year-end Results," Business Wire, Jan. 14).
To Be Manufactured by CirTran-Asia
The True Ceramic Pro - Flat Iron Traveling Kit, which includes the "True Ceramic Pro - Infra Red Ionic Styler" to straighten naturally curly hair, will be manufactured in China by CirTran-Asia, the wholly owned, ShenZhen-based subsidiary of CirTran Corp.
"Our strategy to build high-volume consumer and consumer electronics products in Asia to complement our core IT component manufacturing business in the U.S is continuing to pay off," said Hawatmeh. In the second half of fiscal 2004, ending Dec. 31, he said, some two-thirds of CirTran's revenues came from its Asian subsidiary while its U.S.-based business grew as well.
"Winning this contract from Advanced Beauty Solutions, a very successful consumer electronics marketing company, is a major feather in CirTran's cap," said Trevor M. Saliba, the company's executive vice president for worldwide business development. "It significantly raises our revenue projections for 2005, and should put CirTran in a highly favorable position with potential customers, particularly those with higher-volume, lower-margin products usually manufactured off shore."
Posts: 1207 | From: between buffalo and rochester NY | Registered: Feb 2005
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posted
It should play very well today...could easily hit .05. If only I had some free cash. I'm all tied up in PTSC from yesterday.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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CirTran Corporation is a full-service contract electronics manufacturer. We provide a mixture of high and medium size volume turnkey manufacturing services by using surface-mount technology (SMT), ball-grid array (BGA) assembly, pin-through-hole (PTH), and custom injection molded cabling for electronics OEMs in the communications, networking, peripherals, gaming, consumer products, telecommunications, automotive, medical, and semiconductor industries.
OTC Ticker: CIRT Shares Outstanding: 427,844,580
Transfer Agent: Company SIC Number: 3699 Industry: Manufacturing Market Makers: Click for list.
Senior Management Iehab J Hawatmeh, President and CEO Raed Hawatmeh, Director Trevor Saliba, Director/Senior Vice President Shaher Hawatmeh, Vice President of Operations
Corporate Headquarters 4125 South 6000 Salt Lake City, UT 84128 801-963-5112
.Investor Relations Trevor M. Saliba (801) 963-5112
Posts: 1207 | From: between buffalo and rochester NY | Registered: Feb 2005
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posted
THIS is huge for a small company..this can run to 25 cents like PTSC yesterday
Posts: 714 | From: Boston, MA USA | Registered: Aug 2004
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this is way way undervalued with this 22m deal.. a Nasdaq stock would have added minimum 2-3 bucks to the PPS with this kind of deal..when people see this this should go to minumum 10 cents soon
Posts: 714 | From: Boston, MA USA | Registered: Aug 2004
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-------------------- The sun even shines on a dogs ass someday....Patience my friend your day will come one day! Posts: 429 | Registered: Jan 2005
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mm's are trying hard to bring it down..there is a lot of buying pressure..i see a spike this afternoon after people read the pr
Posts: 714 | From: Boston, MA USA | Registered: Aug 2004
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posted
I jumped in on this one a couple of weeks ago , at .038 , didnt think it would pay off so soon . I like what this company is all about , signing as many contracts as possible , some pennies talk a good game , but these guys and gals seem to make things happen for real .
Seems to have hit a little wall at .043 , but i'm not daytrading this one , so i'll hold this for a while , it will only get better .
Posts: 734 | From: Nassau County | Registered: Jan 2005
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posted
the mm's are short and trying to pull this down now..looks like a good buying oppty at .04 as any follow ups by the company may this to gap up tomorrow
Posts: 714 | From: Boston, MA USA | Registered: Aug 2004
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posted
this will make a move today..the 22m contract is still huge for a OTCBB china company trading at 4 cents..Institutions having emerging markets mutual funds may buy today.
Posts: 714 | From: Boston, MA USA | Registered: Aug 2004
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posted
CirTran Retains DRTV Leader Earl Greenburg and TMP to Help Boost Business Manufacturing Sold-on-TV Products
February 24, 2005 08:30:00 (ET)
SALT LAKE CITY, Feb 24, 2005 (BUSINESS WIRE) -- CirTran Corporation (CIRT, Trade), an international full-service contract manufacturer of IT, consumer and consumer electronics products, said today it has entered into a consulting agreement with Earl Greenburg and his company, Transactional Marketing Partners (TMP), of Santa Monica, Calif., worldwide leaders in the Direct Response TV industry, to help build the company's business manufacturing products sold on TV through infomercials.
"Having Earl Greenburg and TMP team working with CirTran in an industry they helped found and define should put CirTran in a favorable position to build our business in this lucrative and fast-growing market sector," said Trevor M. Saliba, CirTran's executive vice president for worldwide business development.
"To many, Earl Greenburg and direct response TV is one in the same," Mr. Saliba said. "He literally started the industry in the 1980s, and is known as the 'King of Relationship Marketing'. CirTran is very excited to have him and TMP consulting with us and representing our manufacturing capabilities."
Emmy Award-Winner, Founder of TMP
Earl Greenburg is an Emmy Award-winning producer, former president of Home Shopping Network Entertainment, and served an unprecedented three terms as chairman of the Electronic Retailing Association's Board of Directors. He founded Transactional Marketing Partners, and continues to serve as its chairman, with offices in Los Angeles, Palm Springs and Clearwater, Florida. TMP represents the leading product developers, service providers, distribution channels and entrepreneurial marketers that enable billions of dollars in global Direct Response TV sales. Owing to its unique expertise in entertainment programming, brand marketing and the law, TMP work to identify the potential of a product, a relationship, a new technology or service, and locate opportunities to integrate the relationship or innovation into the transaction process.
"CirTran has demonstrated the ability to manufacture quality products on schedule and at competitive prices, capabilities which are very attractive to the rapidly-growing DRTV industry," said Mr. Greenburg. "TMP was instrumental in helping CirTran win a $22 million contract (see "CirTran Corporation Awarded Record $22 Million Contract to Manufacture Sold-on-TV Product for Advanced Beauty Solutions," Business Wire, Feb. 23), and looks forward to future successes hand-in-hand with CirTran."
About CirTran Corporation
Founded in 1993, CirTran Corporation (CIRT, Trade), (www.CirTran.com) is a premier international full-service contract manufacturer of low to mid size 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 manufacturing facility is the largest in the Intermountain 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.
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 Corporation 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 multi-billion dollar Direct Response Industry, which sells through infomercials, print and internet advertisements.
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. 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.
SOURCE: CirTran Corporation
Posts: 734 | From: Nassau County | Registered: Jan 2005
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CirTran Having 'Green for Go' St. Patrick's Day Week With Production Going 'Full Steam Ahead' in China Monday March 14, 8:31 am ET
SALT LAKE CITY--(BUSINESS WIRE)--March 14, 2005--The people working on production for CirTran-Asia, the Chinese subsidiary of CirTran Corporation (OTCBB: CIRT - News) in ShenZhe may not know that this is St. Patrick's Day week, but as far as the company is concerned, it's "green for go" at its factories there. ADVERTISEMENT
CirTran, an international full-service contract manufacturer of IT, consumer and consumer electronics products, said production has begun on its $22 million contract for the "True Ceramic Pro - Flat Iron Traveling Kit," a popular consumer electronics product (see "CirTran Corporation Awarded Record $22 Million Contract to Manufacture Sold-on-TV Product for Advanced Beauty Solutions," Business Wire, February 23).
Trevor M. Saliba, CirTran's executive vice president for worldwide business development said the first 10,000 units of the flat iron will be completed this week, "with more than $1 million in production completed by the end of March.
"I just returned from China with Iehab J. Hawatmeh, the founder, president and CEO of CirTran," he said. "We are happy to report that production there is going full steam ahead, and that the first Flat Irons come off the assembly line without any problems."
CirTran's contract with Advanced Beauty Solutions, LLC, of Los Angeles, is to be the exclusive manufacturer of the popular sold-on-TV consumer electronics product. He said the contract is expected to generate $22 million in revenue over the next 12 to 14 months.
Mr. Saliba also said that production is continuing on the Hot Dog Express(TM) another sold-on-TV consumer electronics product (see "CirTran Cuts the Mustard with $5.4 Million Contract to Manufacture the New Sold-on-TV 'Hot Dog Express'," Business Wire, January 24).
The contract with Emson, Inc., a division of E. Mishan & Sons, Inc., of New York City, to be the exclusive manufacturer of the Hot Dog Express, runs through 2007, with minimum revenues to CirTran of $1.8 million per year, or $5.4 million over three years.
Manufactured by CirTran-Asia
Both the True Ceramic Pro - Flat Iron Traveling Kit, which includes the "True Ceramic Pro - Infra Red Ionic Styler" to straighten naturally-curly hair, and the Hot Dog Express, are being manufactured in China by CirTran-Asia, a wholly-owned subsidiary of CirTran Corporation.
"CirTran's strategy to build high-volume consumer and consumer electronics products in Asia to complement our core IT component manufacturing business in the U.S, is working and paying off," said Mr. Hawatmeh.
In the second half of fiscal 2004, ending December 31, Mr. Hawatmeh said that some two-thirds of CirTran's revenues came from its Asian subsidiary, while its U.S.-based business grew as well.
Posts: 196 | From: Moncton, NB Canada | Registered: Nov 2003
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