Published: March 12, 2010
The 'New CirTran' Will Focus on Areas of Growth and Profitability
SALT LAKE CITY - (BUSINESS WIRE) - CirTran Corporation (OTCBB: CIRC) said today that it has successfully
transferred its rights and responsibilities to CirTran's open and active
purchase orders relating to its legacy electronics contract
manufacturing business to new owners who will lease equipment and space,
allowing a slimmed-down CirTran to focus on areas of growth and
profitability.
Iehab J. Hawatmeh, CirTran's president and CEO, said the company will
concentrate its "energy, resources and efforts on areas of major growth
and maximum profit potential. The 'new CirTran'," he said, "will benefit
from having shed the burden of financing and housing our contract
manufacturing business in the U.S. while we look to grow elsewhere."
Mr. Hawatmeh said that CirTran transferred its rights and
responsibilities to the open and active purchase orders relating to its
legacy contract manufacturing business to Katana Electronics, LLC, a
Utah limited liability company. Katana is headed by Shaher Hawatmeh, the
previous COO of CirTran from 1995 until forming the new company.
CirTran's Hawatmeh said Katana has leased some 19,000 square feet of
manufacturing space as well as electronic equipment. In addition, he
said Katana is retaining CirTran employees who worked in the contract
manufacturing area, calling it "a seamless transition for one and all."
"With this strategic move, CirTran will reduce costs dramatically while
generating revenue as a landlord and by leasing equipment," Mr. Hawatmeh
said. "Along with an immediate expected positive impact on our bottom
line, the new CirTran will be better able to focus on areas where we are
and can be most successful."
'Growing What Is Already Growing'
CirTran, Mr. Hawatmeh said, will channel its energies "on growing what
is already growing," citing in particular the company's Playboy Energy
Drink product line, consumer products manufactured by CirTran-Asia, and
its efforts to develop and expand its mass merchant retail channels in
the U.S.
Playboy Energy Drink is manufactured and distributed by CirTran Beverage
Corp. on behalf of Play Beverages, LLC, a licensee of Playboy
Enterprises International, Inc., in conjunction with CirTran Beverage
Corporation, a wholly owned subsidiary of CirTran. Launched through test
marketing campaigns in late 2007, Playboy Energy Drink is available in
8.4- and 16-ounce sizes in both regular and sugar free, and is available
at bars, restaurants and retail stores in the U.S. as well as in 11
countries in Europe and the Middle East.
In addition to expanding beverage sales, CirTran will focus on gaining
contract to manufacture high-volume electronics, fitness
equipment and household products for the multi-billion dollar
sold-on-TV/direct response and online markets. Mr. Hawatmeh said that
the company will also "work to leverage its relationships with major
international retailers to bring a mix of CirTran products to shelves in
the U.S. and around the world."
About CirTran Corporation
Founded in 1993, CirTran Corporation (www.CirTran.com)
has evolved from its roots as an international, full-service contract
manufacturer. Today, CirTran's operations include: CirTran Beverage,
which has partnered with Play Beverages, LLC to introduce and distribute
the Playboy Energy Drink; CirTran-Asia, a subsidiary with principal
offices in ShenZhen, China, which manufactures high-volume electronics,
fitness equipment, and household products for the multi-billion-dollar
direct response industry, and CirTran Online, which offers products
directly to consumers through major retail web sites.
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. CirTran
disclaims any obligation or intention to update any forward-looking
statement.
All trademarks are properties of their respective owners.

CirTran Corporation
Iehab J. Hawatmeh, +(801) 963-5112
iehab@CirTran.com
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