CirTran Corporation (CIRX)

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CIRT news from January 10th
http://www.emsnow.com/npps/story.cfm?ID=16608

Jan 10, 2006

CirTran Corporation (OTCBB:CIRT) has won its first contract of the new year.

Trevor M. Saliba, CirTran's executive vice president for worldwide business development, said Arrowhead Industries, Inc., of Windermere, Florida, has awarded an exclusive contract to CirTran to manufacture its patented Hinge Helper (TM) do-it-yourself utility tool.

"In less than 12 months, CirTran has won more than $100 million in new and exclusive manufacturing contracts from the direct response industry," Mr. Saliba said. "CirTran-Asia, which we founded in 2004, continues to emerge as a major force in the industry."

Arrowhead's President Eric R. Koeser said his company chose CirTran, "based on its reputation for building quality products to exact specifications, and its ability to deliver on-time and on-budget.

CirTran Announces New Financing
CirTran also announced that it has signed a financing agreement with Cornell Capital Partners for a 5% secured convertible debenture in the principal amount of $1.5 million, due July 30, 2008. CirTran filed Form 8-K with the Securities and Exchange Commission concerning the filing on January 6, 2006.

"CirTran was profitable for the last two quarters reported, significantly improving our position in the viewpoint of the financial marketplace," said Iehab J. Hawatmeh, its founder and president. "Now," he said, "companies such as Cornell must compete to win our business. This is very beneficial to CirTran in getting us funding at more competitive rates."

Mr. Hawatmeh said CirTran will use the net funds of $1.37 million (after commitment and structuring fees) to fund tooling for new and existing projects in China and at its home facility in Salt Lake City.

CirTran, he stressed, has the option of paying Cornell in cash or in shares - "whatever is most beneficial to the company and our shareholders" - over the course of the agreement.