CirTran-Asia -- From Start-Up to Star in a Year; $60 Million in New Business Booked by CirTran Subsidiary
Business Wire - June 08, 2005 09:15
SALT LAKE CITY, Jun 08, 2005 (BUSINESS WIRE) -- When CirTran-Asia was founded as a wholly-owned subsidiary of CirTran Corporation (OTC BB: CIRT) a year ago this week, its mission was to compete for high-volume manufacturing business going off-shore. Now, reflecting on the company's first year, even Trevor M. Saliba, executive vice president for worldwide business development of CirTran, an international full-service contract manufacturer of IT, consumer and consumer electronics products companies, is "literally blown away" at how fast the start-up has become a star.
Mr. Saliba said he was "very proud" when he recently announced that CirTran-Asia had contracts for more than $60 million (annualized) in new business since January, all exclusive agreements to manufacture for the sold-on-TV marketplace. Included were contracts with EMSON, Inc., a division of E. Mishan & Sons, Inc., of New York City to be the exclusive manufacturer of the Hot Dog Express, with Advanced Beauty Solutions, LLC, of Los Angeles to be the exclusive manufacturer of the "True Ceramic Pro - Flat Iron Traveling Kit," and another exclusive agreement to build a revolutionary fitness machine for one of the leading product marketing firms in the Direct Response industry.
"These products are being advertised and sold on nationwide TV via infomercials from coast-to-coast," Mr. Saliba said, noting that by mid-summer, CirTran-Asia's manufacturing efforts "could reach as high as $6 million per month in this division alone."
'Great Validation of CirTran Quality'
"Winning business from major direct response TV marketers is great validation of the quality products manufactured by the CirTran organization," Mr. Saliba said.
"These are world-class companies who have many choices when choosing manufacturing partners," he said. "CirTran and CirTran-Asia have demonstrated that quality and quantity can and do go hand-in-hand. Under the direction of Mr. Charles Ho, president of our Asian division, we have impressed prospects and customers when they've come to audit our production lines, which are going 24 hours a day, seven days a week, at numerous locations."
Growth, Growth and More Growth
"Mr. Saliba described CirTran-Asia's first year as "growth, growth and more growth. From our very first day, we have been able to successfully compete for new business and show that we could produce on time, on budget, and according to our business and profit plan. We have spent the last year investing and developing an infrastructure and network that has translated to success."
Since being founded a year ago with headquarters in ShenZhen, China, CirTran-Asia's growth and accomplishments have included:
-- 22 Manufacturing Facilities throughout China representing more than 5 million square feet;
-- 100 Production Lines for electronics, plastics, fitness equipment, appliances, beauty products and other goods;
-- More than 10,000 engineering, design, sales and factory employees;
-- Currently running 12 full manufacturing programs, with seven new programs scheduled to launch before the end of year, and
-- 17 new manufacturing programs in final design with scheduled launches in 2006.
"CirTran-Asia has had a very exciting time line of progress," he said. "In an effort to continue its planned growth, CirTran will open an office in Los Angeles in August to serve as its business development headquarters, and plans to add a New York City sales office in the fourth quarter of this year, and then Shanghai and London offices next year."
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