CirTran Corporation (CIRX)

[Pure_Greatness]

Mr. Hawatmeh said the manufacture and global distribution of Playboy Energy Drink, CirTran’s flagship product line, “suffered as time, attention and resources were spent on litigation.”

For the quarter, CirTran reported sales of $351,743, down from $868,152 reported for the same period a year ago. Cost of sales was reduced by more than 90%, resulting in a gross profit of $331,186 or 94.15% as compared with $596,143 or 68.67% for the first quarter of 2013.

CirTran showed significant improvement in operating results, reporting a net loss of $258,395, 59% better than the loss of $432,480 in the first quarter of fiscal 2013.

“With eight legal victories achieved, CirTran is working to regain the momentum we had in and growing our Playboy Energy Drink business in a world market we see as thirsty for our products,” said Mr. Hawatmeh.

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