| [December 08, 2005] |
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CirTran's Iehab Hawatmeh Once Again Featured on WallSt.net
SALT LAKE CITY --(Business Wire)-- Dec. 8, 2005 -- For the second time this year, Iehab J. Hawatmeh, the founder, president and CEO of CirTran Corp. (OTCBB: CIRT), is featured on the popular WallSt.net Web site (www.WallSt.net), being interviewed by Editor Nick Iyer.
"This was the perfect time to interview Mr. Hawatmeh in light of CirTran's recent performance," said Iyer.
WallSt.net will offer the interview as streaming audio for about a week, with it then remaining in the WallSt.net archives.
"Big Day for CirTran"
"It was very good to be on WallSt.net on what turned out to be a big day for CirTran," Hawatmeh said. "Even before the interview became available we had a very strong day with more than 4.5 million shares traded and a 17% jump in our share price!
"In the WallSt.net interview, I told Nick Iyer how 2005 has been CirTran's best year to date," he said. "We have been awarded more than $80 million in exclusive manufacturing contracts, giving us a strong backlog going into the new year, and have continued to emerge as a 'player' in the highly competitive Direct Response/Sold-on-TV industry.
"CirTran is growing on plan," he said, "and is positioned as a total solutions provider -- from design to manufacture to shipping."
Hawatmeh also said that CirTran has formed a Products Division, and is now in the process of becoming a vendor of record so as to sell directly to large retailers in the United States.
"Our plan," he said, "is that consumer products built by our CirTran-Asia subsidiary, as well as products we will acquire for merchandising, will be on retailers' shelves early in 2006."
About CirTran Corp.
Founded in 1993, CirTran Corp. (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 exacting specifications. Headquartered in Salt Lake City, its ISO 9001:2000-certified, non-captive 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. In 1998, CirTran acquired Racore Technology (www.racore.com), founded in 1983 and reorganized as Racore Technology Corp. in 1997.
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 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.
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