CirTran Corporation (CIRX)

[Pure_Greatness]

CirTran Reports..Jump in..Sales and..Improvement in..Operating Results..in First Quarter

SALT LAKE CITY--(BUSINESS WIRE)--CirTran Corporation (OTCBB: CIRC) has filed its Quarterly Report on Form 10-Q for the period ended March 31, 2013, showing a jump in sales and a marked improvement in profits.

“CirTran and our lawyers have won every court and out-of-court battle over the past six months ... all involving our Playboy Energy Drink”
CirTran reported that the manufacture and global distribution of its Playboy Energy Drink line continued to drive the company in the quarter, representing 96% of sales.

For the quarter, CirTran reported sales of $868,152, a 40% jump over $618,700 reported for the same period a year ago. That increase, along with a reduction in cost of sales and better overall margins in distribution, resulted in a gross profit of $596,143 for the company as compared with a loss of $140,454 in the first quarter of 2012.

CirTran also showed a significant improvement in operating results, reporting a net loss of $432,480, an improvement of 66% over the loss of $1,288,096 reported for the first quarter of fiscal 2012.

“CirTran and our lawyers have won every court and out-of-court battle over the past six months ... all involving our Playboy Energy Drink,” said Iehab J. Hawatmeh, CirTran’s founder, chairman and president. “Now, as we continue to resolve other disputes regarding distribution of Playboy Energy Drink in litigation we brought late last year against Playboy, CirTran is also working to normalize business operations by focusing on expanding distribution and sales of Playboy Energy Drink line in the U.S. and more than 20 countries around the world.”

http://www.businesswire.com/news/home/20130520006372/en/CirTran-Reports-Jump-Sales-Improvement-Operating-Results