CIRT news...CirTran Receives New Orders for Wal-Mart; Company Achieves Record Backlog in Excess of $8 Million 8/13/2004 3:37:00 PM
SALT LAKE CITY, Aug 13, 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 received an additional order for 5,000 units of a consumer product for the fitness industry manufactured and distributed by its wholly owned subsidiary, CirTran-Asia Inc. The order was placed through a New Jersey-based distributor with the end client being Wal-Mart. This shipment will be distributed nationwide in Wal-Marts located throughout Canada. To date, CirTran-Asia has received orders from Wal-Mart totaling 10,000 units and has shipped and received payment on more than 5,000 units.
Trevor M. Saliba, executive vice president of Worldwide Business Development of CirTran Corp., commented, "We are very pleased to announce our continued relationship with the world's largest retailer. We are anticipating this follow on order to be one of many more to come and eagerly await the marketing campaign of this product in the United States."
The marketing campaign for the United States market is anticipated to begin within the next three months. Wal-Mart has more than 4,800 stores worldwide with nearly 75% based in the United States. In addition, it is the No. 1 retailer in Canada and Mexico.
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-square-foot 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.
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