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Would one of the moderators please update the ibox to reflect the current status of the merger as "COMPLETED"?
Whether one thinks highly of this stock or not, this is an important milestone in the advancement of the company and should be reflected as such.
PLAYBEV IS ONLY ONE DIVISION OF CIRTRAN. And certainly not the only capital the company has. They have no reason to dilute anything.
Cirtran Corporation provides a mix of high- and medium-volume manufacturing services and products using various applications for electronics OEMs (original equipment manufacturers) in the communications, networking, peripherals, gaming, law enforcement, consumer products, telecommunications, automotive, medical, and semiconductor industries. The Company's services include pre-manufacturing, manufacturing, and post-manufacturing services. The Company's segments include Beverage Distribution, Contract Manufacturing, Marketing / Media and Electronics Assembly.
CirTran Corporation
You have no facts to back this up. And until you can provide some. We will stick with the facts
As a result of all of the foregoing transactions, as of March 15, 2013, the Company had an aggregate of 2,907,988,439 shares issued and outstanding.
Current information, this is fact, where is your facts that prove by may it will be 4 billion
As a result of all of the foregoing transactions, as of March 15, 2013, the Company had an aggregate of 2,907,988,439 shares issued and outstanding.
The only topic to be discussed here is CIRC.
Please take time to read these rules so that you will understand why posts have been deleted:
http://ihwiki.advfn.com/index.php?title=Handbook#Deletion_of_Posts
Any time you post about Users or reference groups of Posters (bashers, pumpers, cheerleaders, naysayers, Moderators, admin, etc.) in your post, this makes your post subject to removal as off-topic and/or personal attack.
Talking about deletions, PMs, and ignores, etc. is Off Topic.
Please do not reply to posts that are Off Topic or Personal Attacks.
Your messages need to focus on the company and the stock and should not contain comments about people who post on the board. Other posters are never the topic of the board.
Several members were added to the post restriction list today. To those who received restricted posting here for their TOU violations. In order to have that released you need to post for two weeks without violating the rules, then ask for Admin to review.
If you have any questions send me a PM.
NO public replies please.
U.S. Judge Takes Play Beverages LLC, Debtor to CirTran Beverage Corporation, Out of Bankruptcy, Free to Take Action to Protect Playboy Energy Drink Licenses
* Reuters is not responsible for the content in this press release.
Fri Dec 7, 2012 8:59am EST
U.S. Judge Takes Play Beverages LLC, Debtor to CirTran Beverage Corporation, Out of Bankruptcy, Free to Take Action to Protect Playboy Energy Drink Licenses
Play Beverages, LLC announced today that the U.S. Bankruptcy Court for the District of Utah has ruled in its favor and vacated its bankruptcy, freeing it to take legal actions to protect the product license granted for its Playboy Energy Drink.
Judge Joel T. Marker rejected a motion by petitioning creditors, led by the same three creditors who first put Play Beverages into involuntary Chapter 7 bankruptcy in April 2011. The judge’s ruling takes Play Beverages out of bankruptcy, enabling it to continue its action in state courts against Playboy Enterprises and others to protect its license to produce and sell Playboy Energy Drink.
The Bankruptcy Court’s ruling also reject the motion of the U.S. Trustee overseeing the bankruptcy case to convert the case to Chapter 7 or to have it dismissed. If converted, a trustee would have been appointed to liquidate Play Beverage’s business to repay creditors.
The dismissal followed a two-day evidentiary hearing, with Play Beverages stipulating to an order of dismissal, saying it did not need bankruptcy protection.
“The ruling by Judge Marker to take Play Beverages out of bankruptcy, allowing the resumption of normal business activities, is the end of a nightmare,” said Iehab J. Hawatmeh, CirTran’s president. “Now, after 18 months of seeing every aspect of our business impacted negatively, we can move forward to hopefully regain our momentum and resume growing our beverage business.”
Introduced in 2008, Playboy Energy Drink is manufactured and distributed exclusively by CirTran Beverage Corporation, a wholly owned subsidiary of CirTran Corporation (OTCBB: CIRC) under a product license from Playboy Enterprises to Play Beverages, and is currently available in more than 20 countries around the world.
About CirTran Corporation
Set to mark its 20th year in business in 2013, CirTran Corporation (www.cirtran.com) has evolved from its roots as an international, full-service contract manufacturer. From its headquarters in Salt Lake City, Utah, where it operates, along with its Racore Technology (www.racore.com) electronics manufacturing subsidiary, from an ISO 9001:2000-certified facility, CirTran has grown in scope and geography. Today, CirTran’s operations include: 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; CirTran Online, which offers products directly to consumers through major retail web sites; and CirTran Beverage, which has partnered with Play Beverages, LLC, to introduce and distribute the Playboy Energy Drink.
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. All statements other than statements of historical facts included on this website and in such reports regarding the prospects of our industry and our prospects, plans, financial position and business strategy, may constitute forward-looking statements. These statements are based on the beliefs and assumptions of our management and on the information currently available to our management at the time of such statements. Forward-looking statements generally can be identified by the words "believes," "expects," "anticipates," "intends," "plans," "estimates" or similar expressions that indicate future events and trends. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including the risks and uncertainties listed under "Forward-looking Information" in CirTran’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. 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
Play Beverages/CirTran Beverage/CirTran Corporation Win over Playboy Corporation in California District Court
Published: January 31, 2013
2nd Legal Win Regarding Playboy Energy Drink in 2 Months
SALT LAKE CITY--(BUSINESS WIRE)--Jan. 31, 2013-- Play Beverages LLC, CirTran Beverage Corporation and CirTran Corporation (OTC BB: CIRC) announced today the U.S. District Court, Central District of California has ruled in their favor. The Court denied Playboy Enterprises International, Inc.’s (“Playboy”) motion for injunction and dismissed Playboy’s trademark lawsuit.
In an order issued January 30, 2013, U.S. District Judge S. James Otero ruled in favor of Play Beverages and CirTran in declining to enjoin Play Beverages from selling the Playboy Energy Drink. Judge Otero granted Play Beverages’ motion to dismiss the case without prejudice, finding that Playboy’s lawsuit was inappropriate under the forum selection clause of the License Agreement between Play Beverages and Playboy. Judge Otero ruled that Playboy could not bring its claims in California.
Less than two months ago, the U.S. Bankruptcy Court for the District of Utah ruled in favor of Play Beverages and the CirTran companies, vacating a bankruptcy and freeing the companies to take legal actions to protect the product license granted for its Playboy Energy Drink (see “U.S. Judge Takes Play Beverages LLC, Debtor to CirTran Beverage Corporation, Out of Bankruptcy, Free to Take Action to Protect Playboy Energy Drink Licenses,” BusinessWire, December 7, 2012).
That judge’s ruling took Play Beverages out of bankruptcy, enabling it to continue its action in state courts against Playboy Enterprises and others to protect its license to produce and sell Playboy Energy Drink.
“Today’s ruling marks continued good news for Play Beverages and the CirTran companies,” said Iehab J. Hawatmeh, CirTran’s president.
“We have been through nearly two years of legal actions, but now there are brighter skies on the horizon. Everyone at Play Beverages and CirTran is excited about getting back to business and regaining the momentum we worked so hard to build in expanding our beverage business and Playboy Energy Drink sales worldwide.”
Introduced in 2008, Playboy Energy Drink is manufactured and distributed exclusively by CirTran Beverage Corporation, a wholly owned subsidiary of CirTran Corporation (OTCBB: CIRC) under a product license from Playboy Enterprises to Play Beverages, and is currently available in more than 20 countries around the world.
About CirTran Corporation
Marking its 20th year in business in 2013, CirTran Corporation (www.cirtran.com) has evolved from its roots as an international, full-service contract manufacturer. From its headquarters in Salt Lake City, Utah, where it operates, along with its Racore Technology (www.racore.com) electronics manufacturing subsidiary, from an ISO 9001:2000-certified facility, CirTran has grown in scope and geography. Today, CirTran’s operations include: 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; CirTran Online, which offers products directly to consumers through major retail web sites; and CirTran Beverage, which has partnered with Play Beverages, LLC, to introduce and distribute the Playboy Energy Drink.
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. All statements other than statements of historical facts included on this website and in such reports regarding the prospects of our industry and our prospects, plans, financial position and business strategy, may constitute forward-looking statements. These statements are based on the beliefs and assumptions of our management and on the information currently available to our management at the time of such statements. Forward-looking statements generally can be identified by the words "believes," "expects," "anticipates," "intends," "plans," "estimates" or similar expressions that indicate future events and trends. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including the risks and uncertainties listed under "Forward-looking Information" in CirTran’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. CirTran disclaims any obligation or intention to update any forward-looking statement.
Source: CirTran Corporation
Company:
CirTran Corporation
Iehab J. Hawatmeh, 801-963-5112
iehab@CirTran.com
Play Beverages/CirTran Beverage/CirTran Corporation Get 3rd Win in 3 Legal Battles with Playboy Corporation
Published: March 18, 2013
SALT LAKE CITY--(BUSINESS WIRE)--Mar. 18, 2013-- For the third time in four months, Play Beverages LLC, CirTran Beverage Corporation and CirTran Corporation (OTC BB: CIRC) have won in court in what has proven to be a one-sided legal battle with Playboy Enterprises International, Inc. (“Playboy”).
On March 15, 2013, in the Circuit Court of Cook County, Illinois, the Hon. Kathleen M. Pantle denied Playboy's motion to dismiss Play Beverages’ and CirTran Beverage Corporation's lawsuit against Playboy. Playboy claimed the lawsuit should be dismissed “with prejudice” based upon a stipulation Playboy had reached with Play Beverages in action in Utah (see, “U.S. Judge Takes Play Beverages LLC, Debtor to CirTran Beverage Corporation, Out of Bankruptcy, Free to Take Action to Protect Playboy Energy Drink Licenses,” BusinessWire, December 7, 2012). Judge Pantle disagreed with Playboy's strained interpretation of the stipulation, opting instead to accept Play Beverages’ contention that the stipulation was merely “a standstill agreement.”
Judge Pantle’s ruling allows Play Beverages and CirTran Beverage to pursue their claims, including unlawful conduct against Playboy.
Earlier this year (see “Play Beverages/CirTran Beverage/CirTran Corporation Win over Playboy Corporation in California District Court, BusinessWire, January 31, 2013,) they won yet again.
“The courts have been unanimous in dismissing suits brought by Playboy in futile attempts to enjoin our companies from manufacturing and selling Playboy Energy Drink,” said Iehab J. Hawatmeh, CirTran’s chairman and president.
“We believed from the outset that Playboy’s claims were frivolous and without merit, and once again are very happy the courts agree,” he said.
“Further,” said Mr. Hawatmeh,” we understand that in all lawsuits there are highs and lows. However, it is comforting to see the courts recognize our rights -- and those of our distributors – so that we may continue our business of selling an amazing energy drink throughout the world.”
Introduced in 2008, Playboy Energy Drink is manufactured and distributed exclusively by CirTran Beverage Corporation, a wholly owned subsidiary of CirTran Corporation under a product license from Playboy Enterprises to Play Beverages, and is currently available in more than 20 countries around the world.
About CirTran Corporation
Marking its 20th year in business in 2013, CirTran Corporation (www.cirtran.com) has evolved from its roots as an international, full-service contract manufacturer. From its headquarters in Salt Lake City, Utah, where it operates, along with its Racore Technology (www.racore.com) electronics manufacturing subsidiary, from an ISO 9001:2000-certified facility, CirTran has grown in scope and geography. Today, CirTran’s operations include: 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; CirTran Online, which offers products directly to consumers through major retail web sites; and CirTran Beverage, which has partnered with Play Beverages, LLC, to introduce and distribute the Playboy Energy Drink.
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. All statements other than statements of historical facts included on this website and in such reports regarding the prospects of our industry and our prospects, plans, financial position and business strategy, may constitute forward-looking statements. These statements are based on the beliefs and assumptions of our management and on the information currently available to our management at the time of such statements. Forward-looking statements generally can be identified by the words "believes," "expects," "anticipates," "intends," "plans," "estimates" or similar expressions that indicate future events and trends. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including the risks and uncertainties listed under "Forward-looking Information" in CirTran’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. CirTran disclaims any obligation or intention to update any forward-looking statement.
Source: CirTran Corporation
CirTran Corporation
Iehab J. Hawatmeh, 801-963-5112
iehab@CirTran.com
CirTran Sets New Repayment Schedule and Converts Debt-to-Equity
Published: March 28, 2013
SALT LAKE CITY--(BUSINESS WIRE)--Mar. 28, 2013-- CirTran Corporation (OTCBB: CIRC), an international contract manufacturer of energy beverages and other consumer products, announced it has entered into a new agreement that converts debt to equity, which included as an exhibit to its Current Report on Form 8-K filed yesterday with the Securities and Exchange Commission.
Iehab J. Hawatmeh, president of CirTran, said the agreement “continues to stabilize the company and better position it to move forward.
“Since December,” he said, “CirTran has benefitted from three favorable court rulings involving Playboy Energy Drink, manufactured and distributed exclusively by CirTran Beverage Corporation under a product license from Playboy Enterprises to Play Beverages. Now, with this agreement, we have even more positive news exemplified by a display of confidence in the company from a leading venture capital firm.”
Mr. Hawatmeh said the agreement with YA Global Investments, L.P. of Jersey City, N.J., includes a loan repayment schedule of $100,000 per month, commencing immediately and extending through March, 2015. CirTran owes YA Global an aggregate of approximately $4.0 million of principal and accrued interest on outstanding convertible debentures issued to YA Global's predecessor-in-interest in 2005 and 2006, and subsequently amended, restated and consolidated.
Between December 27, 2012, and March 15, 2013, YA Global converted an aggregate of $254,036 in amounts due under such convertible debentures to 297,459,076 shares of common stock, with the conversion price set forth in the debentures. Between December 20, 2012, and March 22, 2013, CirTran issued an aggregate of 504,000,000 shares for conversion of debt and services, aggregating $227,500. These issuances included Mr. Hawatmeh ($45,000 converted to 150,000,000 restricted shares) and directors Fadi Nora and Kathryn Hollinger ($45,000 and $7,500 converted to 150,000,000 and 25,000,000 restricted shares, respectively). And between December 20, 2012, and February 28, 2013, CirTran also issued (under a registration statement on Form S-8) an aggregate of 159,000,000 shares to unaffiliated employees and contractors in consideration for services rendered.
About CirTran Corporation
Marking its 20th year in business in 2013, CirTran Corporation (www.cirtran.com) has evolved from its roots as an international, full-service contract manufacturer. From its headquarters in Salt Lake City, Utah, where it operates, along with its Racore Technology (www.racore.com) electronics manufacturing subsidiary, from an ISO 9001:2000-certified facility, CirTran has grown in scope and geography. Today, CirTran’s operations include: 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; CirTran Online, which offers products directly to consumers through major retail web sites; and CirTran Beverage, which has partnered with Play Beverages, LLC, to introduce and distribute the Playboy Energy Drink.
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.
Source: CirTran Corporation
CirTran Corporation
Iehab J. Hawatmeh, +(801) 963-5112
iehab@CirTran.com
I would suggest if your needing the information so bad, you should research it for yourself. Im not concerned with it.
I wanna say April 5th, I remember seeing that date. But the docket has not been updated so I'm not a 100% on that
Who cares, have you ever refinanced a car or home loan? Interest rates always change. This company was forced into bankruptcy remember. That changed everything for the last couple years. They probably had no choice but to renegotiate due to the lawsuit with playboy.
The good thing is all those shares were part of the 2.9 bill so that means they didn't increase the O/S
They were almost all restricted shares aside from the 150 million. So since we don't know the stipulation behind the restrictions its hard to say.
It sounds like your trying to say that they have been paying the loan for a long time. But let me ask you this. Do you have the means to pay down a 4 million dollar loan in lets just say 5 years? Because normal home loans take 30 for people. As long as they keep making on time payments and don't go into default with ya global. I'd venture to say your whole post is quite irrelevant.
Its debt to equity conversion.
I wanna say April 5th, but ill have to look again. Ill get back to you
I removed the video it should be good now
hope thats better, cheers.
Ill try to. I don't know if I can remove just that. But yes I will
IMO, as I have stated and will continue to state. There is no "dump" this is called covering. Shorters want this at no bid and they can't get it there. So continue to dress it up any way you'd like. The bottom line here is that you are wrong my friend.
NVAE, is not a pump and dump. There absolutely not facts to substantiate that remark. And even if it was when did the pump happen? Because I've never seen a pump that only hit .0004 lol.....next
Playboy Sued by Energy Drink Licensee
By JACK BOUBOUSHIAN
CHICAGO (CN) - Playboy wrongfully severed a licensing agreement with the company that makes and sells the Playboy Energy Drink and tried to cut it out of the distribution network, Play Beverages and its distributor claim in court.
Play Beverages and CirTran Beverage Corp. sued Playboy Enterprises International, brokers United Licensing Group and RLC Partners, and distributor Redi FZE in Cook County Court. They also sued individual broker Jimmy Esebag, RLC principal Ron Coopersmith and Redi FZE principal Paul Levin.
In 2006, Playboy allegedly granted Play Beverages (referred to as "PlayBev" in the complaint) the right to manufacture and sell the Playboy Energy Drink. A year later, Play Beverages struck a distribution deal with CirTran.
"During the last four years, PlayBev and CirTran have successfully grown the network to a point where they have launched the product into more than 30 countries and have obtained distributors for more than 80 countries," the lawsuit states. "Last year, PlayBev and CirTran sold more than a half million cases of the Playboy Energy Drink worldwide."
The companies say Playboy knew that some of the distribution agreements extended beyond the initial five-year license term, and that Playboy "represented to prospective distributors that PlayBev's license was in good standing."
"Despite its best efforts," Play Beverages acknowledges it failed to meet the minimum net sales required by its licensing agreement. It claims PlayBoy knew this, but chose not to declare it in default "because Playboy appreciated that PlayBev had made significant progress in developing the market for the Playboy Energy Drink."
It claims Playboy's vice president of global licensing represented that minimum net sales "would never be an issue from Playboy's perspective as long as PlayBev continued to develop its territory and expand its distribution network."
But when a new management team took over at Playboy last spring, Playboy almost immediately began searching for a replacement licensee, the beverage companies claim.
"Playboy began working with Mr. Jimmy Esebag and Mr. Ron Coopersmith during the spring of 2011 in order to cut PlayBev out of the energy drink distribution network," according to the lawsuit.
"Playboy did not disclose to PlayBev that it had entered into negotiations with alternative licensees, and did not disclose to PlayBev that its brokers were attempting to secure an alternative licensee. To the contrary, Playboy actually encouraged PlayBev to invest additional funds and resources into its distribution network in order to better position itself for the next license renewal period," the complaint states.
"Playboy was simultaneously asking PlayBev to make an additional royalty payment of approximately $1.8 million, even though Playboy planned to declare PlayBev in default once one of Mr. Esebag's alternative licensee placed its sufficient funds into escrow to demonstrate its commitment to the proposed deal."
Playboy started negotiating with Redi FZE while Play Beverages was still under contract, despite the contract's non-circumvention provisions and against the advice of Redi FZE's counsel, Play Beverages claims.
"Playboy also began working closely with Redi FZE, in order to assist that distributor in breaching its distribution contract," the complaint states.
On July 14, Playboy allegedly notified distributors that it Play Beverages had defaulted on its licensing agreement, and that Playboy was in the process of terminating it.
"Playboy's communication was unsolicited and intended to disrupt the distributor network by creating unnecessary concern and uncertainty among the distributors," Play Beverages claims.
The plaintiffs seek an injunction barring Playboy from terminating the license agreement, and unspecified damages for breach of contract, breach of good faith, tortious interference and promissory estoppel.
They are represented by Michael Conway with Grippo & Elden in Chicago.
I think the current ibox is fine, but I will make some additional changes. I also think everyone else would agree that your original ibox provides great information. With that being said. If anyone has any links or useful DD I will add it.
THE ONLY TOPIC TO BE DISCUSSED HERE IS CIRC, PLEASE KEEP ON TOPIC.
Its all restricted shares except for the 150 million, and if there is a settlement coming you can bet that they will buy back as much as they can. At the current PPS it would only cost them around 2.9 million to buy the whole float. Which would only be a fraction of what the settlement could be. Then with another portion we could potentially see a special dividend. And the rest would be allocated to corporate funding. This is looking great to me. GO CIRC!
Thank you Linda for your help in restoring the original ibox! I appreciate your help
8-K is out! And right on time, even a couple days early.
8k says otherwise, O/S is 2.9 billion not the 4 billion you and moneymade claim it to be. And very tiny dilution if you can even consider a 150 million dilution.
Gonna be? Lol this stock is done. Stick a fork in it
What a surprise, still no financials
Sorry guys, I'm trying to add to the ibox, but it keeps deleting the whole thing. Lol ill keep trying though
www.cirtran.com
Take a look at what cirtran does, this is not just a small beverage manufacture.
Ill just list a few of many other aspects of this company.
Racore technology corporation
Fitness equipment
True ceramic cor, ionic irons
Electronics
Appliances
Sporting goods, and the list goes on.
All these things are what cirtran does as a company. Both in Asia and in the USA. Everyone's talking about PBE. When this company has so much more to offer, PBE is one small portion, I would go as far as to say a lot of people here probably own something that was manufactured by none other then cirtran, and you don't even know it.
I'm workin on something, should have it up in a couple days. I agree 100% the ibid needs balance.
GREAT POST MONEYMADE!
That's great news, I'm glad they made me a mod there finally. I can attempt to control some of the negativity
Much better board, thanks for the invite. GO CIRC
I agree, and with a PR explaining what's going on here CIRC should start its upward swing again.
Another 18 million covered, not dumped