No Chance.
Mr. Jimmy has already bested Mr. Iehab in a very similar case (Playsafe vs United Medical Devices).
“After an unproductive year, during which Playsafe achieved no sales to a single consumer, United Medical Devices terminated Playsafe's contract. Playsafe sued for breach of contract and fraud, seeking $10.5 million in damages.
Following a two-week trial, the jury found 12 to 0 against Playsafe on all its claims and awarded United Medical Devices the full $700,000 sought on its claim. United Medical Devices' principal Jimmy Esebag expressed his gratitude for the verdict: "Justice prevailed. The jury clearly saw through the story concocted by Playsafe's principals Iehab Hawatmeh and Fadi Nora[/b]. For this we are grateful."
Similar Legal Situation (Mr. Jimmy knows this!):
1) Cirtran underperformed
2) Playboy terminated the license
Cirtran’s 2013 10K states: “Playbev reached a settlement with Playboy that would have provided for a new license conditioned on bankruptcy court approval of PlaybBev’s reorganization plan, PlayBev’s payment of $2.0 million to Playboy, and other provisions, but PlayBev was unable to obtain the funding needed to pay Playboy the initial amount or otherwise implement the reorganization plan, so that plan was abandoned and the settlement agreement and the new Playboy license did not become effective.”
3) Cirtran sued
4) A similar result can be expected in the upcoming trial (Jury “of peers” found in favor of UMC)
Cirtran has no distribution market in the U.S. No chance sales will reach $65 Million in two years. None.
History of losses under Mr. Iehab’s management:
Loss from Operations
2014 ?
2013 (1,015,316)
2012 (375,813)
2011 (7,043,410)
2010 (1,015,316)
2009 (5,814,653)
2008 (3,911,212)
2007 (7,232,524)
2006 (2,854,369)
2005 (527,708)
2004 (658,322)
2003 (2,910,978)
2002 (2,149,810)
2001 (2,933,084)
2000 (2,791,888)
1999 (3,768,905)
News 
Market Data 
Discover 
