LOL. Minimal chance Cirtran will keep the trademark licensing agreement. No chance competing with the big boys for distribution.
(1) Cirtran failed to meet minimum licensing agreement requirements and did not meet settlement agreement arrangements.
“"Despite its best efforts," Play Beverages acknowledges it failed to meet the minimum net sales required by its licensing agreement.’
Play Beverages, LLC, et al. v. Playboy Enterprices, Inc. et al.
As discussed in detail in Item 3. Legal Proceedings, on December 6, 2012, the bankruptcy court dismissed the PlayBev bankruptcy case that had been initiated by creditors that filed an involuntary bankruptcy petition against PlayBev in April 2011. Shortly after filing, the bankruptcy proceeding was converted into a Chapter 11 reorganization proceeding, with PlayBev acting as debtor-in-possession. Playboy initially sought to terminate its product license agreement with PlayBev, but thereafter stipulated to suspend further proceedings pending the exploration of settlement. PlayBev reached a settlement with Playboy that would have provided for a new license, conditioned on bankruptcy court approval of PlayBev’s reorganization plan, PlayBev’s payment of $2.0 million to Playboy, and other provisions, but PlayBev was unable to obtain the funding needed to pay Playboy the initial amount or otherwise implement the reorganization plan, so the plan was abandoned and the settlement agreement and the new Playboy license did not become effective. Cirtran 2012 10K
(2) Cirtran will squander all funds trying to remarket its energy drinks vs the giants. No wise investor will want to sink the funds needed to try to compete for shelf space with the likes of Red Bull ($3.4 Billion), Monster ($3.1 Billion), Rockstar ($1 Billion).
The top five distributors are Red Bull, Coke and Pepsi. They do not need another formula.
Brand - Distribution channel
Red Bull - Red Bull
Monster - Coca Cola
Rockstar - Pepsi
AMP - Pepsi
NOS - Coca Cola
Full Throttle - Coca Cola
Buyer Beware!
