Replies to post #469 on CirTran Corporation (CIRX)

[mike306oh]

Good news! This prove that the company is entering a new phase in it's history: (i) will own its own ISO certified 40K sq.ft faciity with the possibility for expansion; (ii) more than $30 million contracts, (iii) got out of the IRS problem, and most important (iv) the Asia arm of the company will ensure IMO good net income.

Just look at the names of companies CirTran is working. After the 10-K is out (hopefully this week), just sit back and enjoy the ride. I won't advice anyone to sell again (like the poor impatient folks at the EOD yesterday). This time I feel the ride will be long, and substantial.

Mike
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"During the first quarter-plus of 2005, CirTran has actively implemented many components of our overall plan for the future," he said. "This includes earning the prestigious ISO 9001:2000 certification at our Salt Lake facility, and winning more than $30 million contracts for work in Utah and for our CirTran-Asia subsidiary from major companies, including Lockheed Martin Corporation (NYSE:LMH), Flextronics (NASDAQ:FLEX), Nortel(TM) (NYSE:NT) and Linux Networx(TM), and included contracts to manufacture sold-on-TV consumer electronics products. "In addition," Mr. Hawatmeh said, "CirTran successfully negotiated a settlement with the IRS and converted $2.5 million debt-to-equity, significantly impacting the overall financial strength of the company and our shareholders' investment."

[mike306oh]

Some people are plain silly. Check out the RB:

http://www.boardcentral.com/aios/aios.cgi

These folks were going today around the building subject, and some were questioning if this was a clever move. Below is a post (thanks to otcbb4) about the building. All up to now, the Company was paying $16,974/month, or $203.7K/year. If anything, that was not smart, and to me today's news was good indeed. I trust no company that still opperates on a leased space. From now one, CIRT can expand as the need may be, and it also builds on their assets, which is important. Plus I'm glad to see they didn't use the poisonous Cornell financing to fund it. Getting rid of Cornell (to me) will be the next major positive step in the history of this company.

Mike
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By: otcbb4
12 Apr 2005, 01:08 PM EDT
Msg. 21438 of 21438

Who own PFE properties?? On December 17, 2003, the Registrant entered into a ten-year lease agreement (the "Lease") with PFE Properties, LLC, a Utah limited liability company (the "Lessor") for the Registrant's existing 40,000 square-foot headquarters and manufacturing facility, located at 4125 South 6000 West in Salt Lake City, Utah. The workspace includes 10,000 square feet of office space to support the Registrant's Administration, Sales, and Engineering Staff. The 30,000 square feet of manufacturing space includes a highly secured inventory area, shipping and receiving areas, and manufacturing and assembly space that support six full surface-mount lines with state-of-the-art equipment capable of placing over 360 million components per year.

Under the terms of the lease, the Registrant pays monthly rent of $16,974. The term of the lease is ten years, with options to renew for two additional terms of ten years each.