CirTran Gets Another Major Order for Sold-on-TV Fitness Equipment
Sales Soar as CirTran has Shipped More than $1 Million Against $5.4 Million Contract
SALT LAKE CITY, August 23, 2007 -- CirTran Corporation (OTCBB: CIRC), an international full-service contract manufacturer, marketer and distributor of IT, consumer and consumer electronics products, announced today that it has received another major order against a $5.4 million three-year contract with Evolve Projects, LLC, of Akron, Ohio for the sold-on-TV CorEvolution™ ( www.mycorevolution.com ) fitness system.
Introduced and marketed via infomercials on TV earlier this year, CirTran is the exclusive manufacturer of the CorEvolution, a fitness product designed to strengthen and rehabilitate the lower back and adjacent areas of the body.
The order, for more than $700,000, brings the total this year to $1.76 million, approximately 47% ahead of the first year guarantee of $1.2 million for the popular new product. CirTran President and CEO Iehab J. Hawatmeh said the purchase order included more than $680,000 for the CorEvolution machine, with the balance for a variety of accessory products and supplies.
“The CorEvolution has proven to be very popular from the get-go,” Mr. Hawatmeh said, noting that the products and its accessories were manufactured by CirTran-Asia. He said the latest order will be shipped in October and November, in time for the holiday gift-giving season.
“CirTran has been a big part of the successful launch of our CorEvolution product,” said John Cook, Evolve's president. “We are very pleased with the quality, look and performance of the CorEvolution Trainer, and the reaction to the product from our customers has exceeded our high expectations.”
About CirTran Corporation
Founded in 1993, CirTran Corporation (OTC BB: CIRC, 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. Continuing to grow, in 2004 CirTran formed CirTran-Asia as a high-volume manufacturing arm and wholly owned subsidiary with its principal office in ShenZhen , China . Today, 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.
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