CirTran Gets $1 Million Order for Sold-on-TV Fitness Equipment
First Major Shipment in $5.4 Million Three-Year Contract
SALT LAKE CITY, May 7, 2007 -- CirTran Corporation (OTCBB: CIRT), an international full-service contract manufacturer, marketer and distributor of IT, consumer and consumer electronics products, said it has received a $1 million order to build and ship the CorEvolution™ ( www.mycorevolution.com ), a new fitness product for the sold-on-TV market.
Trevor Saliba, CirTran's chief marketing officer, said the order is part of a $1.2 million first year guarantee – and a $5.4 million contract over three years – from Evolve Projects, LLC, of Akron , Ohio . In March, CirTran shipped approximately $60,000 of product for fulfillment in the initial testing of the CorRevolution infomercial and marketing program.
“With this order,” said Mr. Saliba, “production of the CorEvolution now moves full-speed ahead at CirTran-Asia's manufacturing facilities in China .” He said the order should be completed and shipped within 60 to 90 days, putting CirTran ahead of the first-year target for the fitness product designed to strengthen and rehabilitate the lower back and adjacent areas of the body.
John Cook, president of Evolve, said testing of the infomercial and first products shipped “exceeded expectations. With lower back problems growing as consumers spend more time driving, working at PC's, playing video games, or just being ‘couch potatoes', the quality and value of the CorEvolution built by CirTran should make the product and its marketing campaign successful from the outset,” he said.
“Now, with the arrival of long-awaited warmer weather, and as interest in being in-shape and out of doors builds, we expect interest and orders for the CorRevolution to build as well,” Mr. Saliba said.
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.
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