CirTran Receives Additional $1,640,000 Purchase Order 6/16/2004 6:32:44 AM Phase II Order Placed Through CirTran-Asia, Inc.
SALT LAKE CITY, UT, Jun. 16, 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 additional follow-on purchase order of $1,640,000 through its wholly-owned subsidiary, CirTran-Asia, Inc. The order was placed pursuant to a recently signed Exclusive Manufacturing Agreement with Michael Casey Enterprises, HIPMG and UKing Systems Industry -- leading manufacturing and marketing companies for electronic, retail and direct consumer products. Pursuant to the terms of the purchase order, all payments are made to CirTran prior to shipping.
CirTran-Asia, Inc., a wholly-owned subsidiary of CirTran Corp., pursues 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.
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 second contract win. This order is Phase II of an equal two-part order establishing CirTran-Asia backlog, as a division alone, in excess of $3,000,000 within its first 30 days in operation."
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
CirTran-Asia Receives Payment and Ships Over $600,000 in New Products From Asian Operations 6/16/2004 9:47:51 AM Shipments Equal Approximately 40% of Initial Purchase Order in First Three Weeks
SALT LAKE CITY, UT, Jun. 16, 2004 (MARKET WIRE via COMTEX) -- CirTran Corp. ( CIRT ), a full-service contract electronics manufacturer of printed circuit board assemblies, cables and harnesses, today announced its wholly-owned subsidiary, CirTran-Asia, Inc. has received payment and shipped approximately $650,000 of new product to date from it initial $1,640,000 purchase order. The order was recently placed pursuant to the recently signed Exclusive Manufacturing Agreement with Michael Casey Enterprises, HIPMG and UKing Systems Industry, all leading manufacturing and marketing companies for electronic, retail and direct consumer products. CirTran-Asia, Inc., a wholly-owned subsidiary of CirTran Corp., pursues 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.
Trevor M. Saliba, Executive Vice President of Worldwide Business Development of CirTran Corporation, commented, "We are very excited to announce the recent product shipments for CirTran-Asia against its first contract win. Within 30 days of inception, CirTran-Asia has contributed over $3,300,000 in new sales orders to its parent company, CirTran Corporation."
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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