CirTran Retains The RCG Group
SALT LAKE CITY, October 3, 2006– CirTran Corporation (OTC BB: CIRT), an international full-service contract manufacturer of IT, consumer and consumer electronics products, today announced they have engaged the services of The RCG Group “RCG” to assist in certain financial relations/corporate communications and other consulting services.
RCG is being retained to specifically assist the Company in developing and executing an effective financial relations/corporate communications strategy. The primary objective of such program will be to position CirTran to secure and then maintain a listing on the American Stock Exchange or NASDAQ markets as soon as is reasonably possible. Additionally, RCG has been retained to further assist the Company in its endeavor to secure meaningful public, trading market sponsorship from professional investors as well as certain members of the institutional investment community.
Iehab Hawatmeh, President and CEO of CirTran, commented, “RCG's, principal, A. Max Ramras , brings significant experience in working with emerging growth companies, having consulted for more than 200 micro-, small-, and mid-cap companies in the areas of financial relations, capital formation and business development. We are confident he can assist us develop and execute a financial relations strategy which will more effectively communicate the investment potential of CirTran as we transition from a manufacturing organization to a producer and marketer of innovative consumer products.”
Max Ramras , President and CEO of the RCG Group added, “CirTran is evolving from a low-margin manufacturer of products in a highly competitive market with extraordinary pricing pressure into a sophisticated organization which not only develops and manufactures, but also promotes and distributes innovative consumer products in a state-of-the-art manner. I am extremely pleased to be working with CirTran at this stage of their growth and development. I look forward to assisting them to more effectively convey this transitional story to the most appropriate members of the professional investment community.”
About CirTran Corporation
Founded in 1993, CirTran Corporation (OTC BB: CIRT, www.CirTran.com) is a premier international full-service contract manufacturer. Headquartered in Salt Lake City, its ISO 9001:2000-certified, non-captive 40,000-square foot manufacturing facility is the largest in the Intermountain Region, providing “just-in-time” inventory management techniques designed to minimize an OEM's investment in component inventories, personnel and related facilities while reducing costs and ensuring speedy time-to-market. In 1998, CirTran acquired Racore Technology ( www.racore.com ), founded in 1983 and reorganized as Racore Technology Corporation in 1997. In 2004, it formed CirTran-Asia as a high-volume manufacturing arm and wholly-owned subsidiary with its principal office in ShenZhen , China . CirTran-Asia operates in three primary business segments: high-volume electronics, fitness equipment, and household products manufacturing, focusing on the multi-billion dollar Direct Response Industry.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
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