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CIRT news - CirTran Achieves Record Backlog in Excess of $4.5 Million
6/22/2004 9:40:00 AM
SALT LAKE CITY, Jun 22, 2004 (BUSINESS WIRE) -- CirTran Corp. (OTC BB: CIRT), an international full-service contract electronics manufacturer of printed circuit board assemblies, cables and harnesses, today announced it has achieved a record backlog level in excess of $4,500,000 as of today's date. The company attributes the sales and backlog increase to their strategic alliances and customer contract wins with clients including Autometer, Meret Optical, Linux Networx and Broadata Communications. In addition, the multiple contract wins with various government agencies through their wholly owned subsidiary, Racore Technology Corp., and their recently formed wholly owned subsidiary CirTran-Asia's recently received purchased orders in excess of $3,300,000, have significantly contributed to their backlog.

Trevor M. Saliba, executive vice president of Worldwide Business Development of CirTran Corp., commented, "We are pleased to announce this significant milestone. We are anticipating another record sales level for the second, third and fourth quarters of 2004 based on the continuingly increasing backlog."

The company is continuing to cultivate its strategic alliances and is anticipating additional program contract wins from its significant clients and new product lines in CirTran-Asia.

About CirTran Corp.

Founded in 1993, CirTran Corp. has established itself as a premier full-service contract electronics manufacturer by building printed circuit board assemblies, cables, and harnesses to the most exacting specifications. CirTran is headquartered in Salt Lake City with a state-of-the-art 40,000 sq. ft. facility. CirTran also provides "just-in-time" inventory management techniques that minimize the OEM's investment in component inventories, personnel and related facilities, thereby reducing costs and ensuring speedy time-to-market. For further information about CirTran, please visit the company's Web site located at www.cirtran.com.

Safe Harbor Statement

Certain statements made herein that are not historical are forward looking within the meaning of the Private Securities Litigation Reform Act of 1995 and may contain forward-looking statements, with words such as "anticipate," "believe," "expect," "future," "may," "will," "should," "plan," "projected," "intend," and similar expressions to identify forward-looking statements. These statements are based on the company's beliefs and the assumptions it made using information currently available to it. Because these statements reflect the company's current views concerning future events, these statements involve risks, uncertainties and assumptions. The actual results could differ materially from the results discussed in the forward-looking statements. In any event, undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release. Accordingly, reference should be made to the company's periodic filings with the Securities and Exchange Commission.

SOURCE: CirTran Corp.

CirTran Corp.
Trevor M. Saliba, 818-788-2033
www.cirtran.com
or
Equitilink, LLC
Ronald L. Garner, 877-788-1940
www.equitilinkpr.com