CirTran Corporation (CIRX)

[mike306oh]

Some people are plain silly. Check out the RB:

http://www.boardcentral.com/aios/aios.cgi

These folks were going today around the building subject, and some were questioning if this was a clever move. Below is a post (thanks to otcbb4) about the building. All up to now, the Company was paying $16,974/month, or $203.7K/year. If anything, that was not smart, and to me today's news was good indeed. I trust no company that still opperates on a leased space. From now one, CIRT can expand as the need may be, and it also builds on their assets, which is important. Plus I'm glad to see they didn't use the poisonous Cornell financing to fund it. Getting rid of Cornell (to me) will be the next major positive step in the history of this company.

Mike
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By: otcbb4
12 Apr 2005, 01:08 PM EDT
Msg. 21438 of 21438

Who own PFE properties?? On December 17, 2003, the Registrant entered into a ten-year lease agreement (the "Lease") with PFE Properties, LLC, a Utah limited liability company (the "Lessor") for the Registrant's existing 40,000 square-foot headquarters and manufacturing facility, located at 4125 South 6000 West in Salt Lake City, Utah. The workspace includes 10,000 square feet of office space to support the Registrant's Administration, Sales, and Engineering Staff. The 30,000 square feet of manufacturing space includes a highly secured inventory area, shipping and receiving areas, and manufacturing and assembly space that support six full surface-mount lines with state-of-the-art equipment capable of placing over 360 million components per year.

Under the terms of the lease, the Registrant pays monthly rent of $16,974. The term of the lease is ten years, with options to renew for two additional terms of ten years each.