CirTran's Announces Forward Split, Giving Shareholders a 20% Stock ‘Increase'
SALT LAKE CITY, February 7, 2007 -- CirTran Corporation (OTCBB: CIRT) today announced a forward split of its common shares, rewarding shareholders with a 20% increase in the number of shares owned.
Iehab J. Hawatmeh, founder, president and CEO of the international full-service contract manufacturer of IT, consumer and consumer electronics products, said CirTran filed a Preliminary Information Statement on Form 14C with the Securities and Exchange Commission regarding the forward split after receiving the required approval in a Shareholder Consent Resolution. Mr. Hawatmeh said the split would be for shareholders of record as of a date to be determined when CirTran concludes the filing process with the SEC.
“CirTran is very happy to increase our shareholders' stock ownership through this 1.2 for 1 forward split,” he said. “Our shareholders have been patient and loyal, and we believe this forward split will benefit them now and in the future.”
“We are excited about our future at CirTran,” said Mr. Hawatmeh, “and wanted to reward those who have been part of our past through this significant increase in the number of CirTran shares they own.”
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. 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.
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.
All trademarks are properties of their respective owners .