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CirTran's 10Q Reports 363% Sales Increase, Positive EBITDA and Positive Shareholder Equity
CirTran Corporation (OTCBB: CIRT), an international full-service contract manufacturer of IT, consumer and consumer electronics products, today reported an increase in sales of 352%, positive EBITDA of $26,518, and positive shareholder equity for the first quarter of fiscal 2005 in its 10-Q filing with the SEC.

Iehab J. Hawatmeh, CirTran's founder and president, said the company engineered a swing of nearly $3.5 million in total stockholder equity in the quarter, reporting $1,222,230 as compared with a deficit of $(2,242,033) as of December 31, 2004.

"This is the first time as a public company that CirTran has shown positive EBITDA and total shareholder equity," Mr. Hawatmeh said. "By any and all measures, CirTran is off to its best start ever."

CirTran's revenues were $2,920,465, up 352% over the $645,612 for the same period a year ago, while the company also achieved an 84% reduction in loss from operations, reporting $(59,199) as compared with $(366,965) for the first quarter a year ago.

Growing in the U.S. and China

"CirTran is growing on two continents," said Mr. Hawatmeh. "In the first quarter, we won more than $30 million (annualized) in new contracts for our less-than-a-year-old CirTran-Asia subsidiary, which manufactures products for the sold-on-TV consumer products industry, and grew here at home at our newly ISO 9001:2000-certified factory in Salt Lake."

Mr. Hawatmeh said CirTran's record start to 2005 followed what he called "a very strong fourth quarter and an overall fiscal revival in 2004." In its 10-KSB filing, CirTran reported a 629% increase in sales and a 77% reduction in losses for 2004 as compared with 2003.

About CirTran Corporation

Founded in 1993, CirTran Corporation (OTCBB: CIRT), ( www.CirTran.com ) is a premier international full-service contract manufacturer of low to mid size volume contracts for printed circuit board assemblies, cables and harnesses to the most exacting specifications. Headquartered in Salt Lake City, CirTran's modern 40,000-square foot non-captive manufacturing facility - the largest in the Intermountain Region - provides "just-in-time" inventory management techniques designed to minimize an OEM's investment in component inventories, personnel and related facilities, while reducing costs and ensuring speedy time-to-market.

About CirTran-Asia

CirTran-Asia ( www.CirTran-Asia.com ) was formed in 2004 as a high-volume manufacturing arm and wholly-owned subsidiary of CirTran Corporation with its principal office in ShenZhen, China. CirTran-Asia operates in three primary business segments: high-volume electronics, fitness equipment and household products manufacturing, focusing on being a leading manufacturer for the multi-billion dollar Direct Response Industry, which sells through infomercials, print and internet advertisements.

This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.

SOURCE: CirTran Corporation

Company Contact:
CirTran Corporation
Trevor M. Saliba, 801-963-5112

[e-mail]

or
Press Contact:
The Kaminer Group
David A. Kaminer, 914-684-1934

[e-mail]


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