CirTran Corporation (CIRX)

[MFlores]

This deal was doomed from the start. Playboy did not kill this deal.

Juan Garcia appears to be the Mexican equivalent of Mr. Iehab. Mr. Juan is listed as Director, CEO, General Manager (and who knows what else?) of Factor Tequila SA DE CV, which was established in 2006, and listed as having between 5 – 10 employees, with no apparent manufacturing or distribution capabilities.

Any sensible and reasonable Judge or Jury will clearly understand that no two-year old company, with under 10 employees and no proven beverage industry track record, is going to achieve an average of $48 million a year in sales over 10 years. Such an unrealistic agreement was set by two larger-than-life CEO’s with no proven experience in the beverage industry.

This is a distribution agreement with an unrealistically-inflated sales quota in an attempt to make both parties appear larger than reality.