CirTran Receives Second Payment on $1 Million Private Investment,
Sets Completion of Evander Holyfield ‘Real Deal Grill' Infomercials for Next Week
SALT LAKE CITY, June 5, 2006 – CirTran Corporation (OTC BB: CIRT), a full-service contract manufacturer of IT, consumer and consumer electronics products, said today it has received the second payment in a recently-announced $1 million private investment in the company, and that filming of TV infomercials featuring former heavyweight champ Evander Holyfield will be completed next week.
CirTran President Iehab J. Hawatmeh said the second payment – $250,000 – of the $1 million invested in his company by ANAHOP, an Anaheim, California-based company headed by Albert Hagar, was received Friday as scheduled. CirTran announced last week that ANAHOP had contracted to purchase 14,285,715 shares of CirTran's restricted common stock for $.07 per share without any registration rights. The initial $500,000 payment was made May 24, and the final payment is due on or before June 30, 2006 .
Mr. Hawatmeh also said filming of infomercials for The Real Deal Grill™ featuring four-time world heavyweight champion Evander Holyfield will be completed by June 17 th . Originally set for mid-May, the filming had to be postponed due to a scheduling conflict. In April, CirTran signed a contract valued at $30 million with Harrington Business Development (HBD) of St. Petersburg , Florida , as the exclusive manufacturer of the Grill, and an agreement for Evander Holyfield to serve as its TV spokesperson.
“CirTran is now moving along full-speed ahead,” Mr. Hawatmeh said. “With this private investment in place, the filming of the Real Deal Grill infomercials with Evander Holyfield scheduled to be completed next week, and the launch of our new Diverse Media and Diverse Talent groups in California , this is a very exciting time at CirTran.”
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.
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