Replies to post #31602 on CirTran Corporation (CIRX)

[Rupadupa]

Here's an article from "The Street" on the sales and revenue numbers from the first quarter of that year, May, 2011. They had sales of $1,341,259 in the FIRST quarter. So multiply that by 4 quarters for the year and CIRC was on pace for over $5 million in sales in 2011. 100 TIMES that would be a $500 million dollar settlement OR legal victory. You said it would be 100X! ;)

"Beverage Sales, Margins And Gross Profit Grow At CirTran"
BUSINESS WIRE
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May 24, 2011 1:24 PM EDT
Third graph, first sentence of release issued May 24, 2011, should read: Revenue from CirTran’s Beverage Distribution segment also grew in the period to $1,341,259 as compared with $1,120,934 in the first quarter of 2010 (sted Revenue from our Beverage Distribution segment grew substantially in the period to $1,341,259, up nearly five times from revenues of $271,842 in the first quarter of 2010).

The corrected release reads:

BEVERAGE SALES, MARGINS AND GROSS PROFIT GROW AT CIRTRAN

CirTran Corporation (OTC BB: CIRC), a diversified international manufacturer and distributor of consumer products, has filed Form 10-Q for the quarter ended March 31, 2011, reporting increases in beverage sales and in gross profit while a significant loss in the value of company-held derivatives resulted in a substantial net loss.

CirTran’s sales for the quarter were $1,395,200 as compared with the adjusted sales total of $1,782,859 reported for the first quarter of 2010. The company also reported a cost of sales of $195,287, a five times-plus improvement as compared with $1,147,433 for the same period in 2010. The resulting gain in sales margin generated a gross profit of $655,848 for the quarter, nearly a six-times gain over a gross profit reported by CirTran of $110,043 reported for the first quarter of 2010.

Revenue from CirTran’s Beverage Distribution segment also grew in the period to $1,341,259 as compared with $1,120,934 in the first quarter of 2010. Our Beverage Distribution segment manufactures, markets, and distributes Playboy-licensed energy drinks domestically and internationally through CirTran Beverage Corp. on behalf of Play Beverages, LLC, a licensee of Playboy Enterprises International, Inc.


“CirTran experienced continued progress in improving our beverage sales, margins and gross profit during the first quarter,” said Iehab J. Hawatmeh, CirTran’s chairman, president and CEO. “Unfortunately,” he said, “a loss of $7,871,711 in derivatives held by the company was far more than could be overcome in our effort to have a positive bottom line.”