CIRT - more news this morning...they seem to picking up more work and revenues should improve nicely looking forward....
CirTran Receives $4,090,000 Purchase Order to Build New Electric Household Cooking Appliance Machine; Over $5.5 Million in New Orders Received This Week
August 11, 2004 06:00:00 (ET)
SALT LAKE CITY, Aug 11, 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 been awarded an initial purchase order for $4,090,000 through its wholly owned subsidiary, CirTran-Asia Inc. The order is to build a new electric household cooking appliance that will be introduced to the world market in the next couple of months. This initial order exceeds 200,000 units.
The product is similar to, yet ultimately much different from other successful home cooking appliances such as "The George Foreman Grill(TM)," which has sold millions of units worldwide since its introduction to the market. This project will be managed out of the firm's ShenZhen, China office. CirTran-Asia Inc. pursues manufacturing relationships beyond printed circuit board assemblies, cables, harnesses and injection molding systems and looks for complete "box-build" or "turn-key" relationships in the electronics, retail and direct consumer product markets.
Trevor M. Saliba, executive vice president of Worldwide Business Development of CirTran Corp., commented, "We are very excited to announce this new multimillion dollar plus purchase order. This order serves as our entrance into the household appliance/product market. In addition, not only does this order significantly increase our orders on books, this order sets a record for the most sales booked in a single week period in the history of the company -- over $5.5 million."