CirTran Continues to Show and Grow Profits in Third Quarter Filing
November 20 2013 - 8:29AM
Business Wire
CirTran Corporation (OTCBB:CIRC) has filed its Quarterly Report
on Form 10-Q for the period ended September 30, 2013, with the
company showing substantial and continued improvement in its bottom
line.
For the nine months ended September 30, 2013, CirTran reported a
net income of $1,070,340, a 142% improvement over the net loss of
$2,540,462 for the same period in 2012. The return to profitability
was achieved even as CirTran had a net loss of $192,526 for the
three-month period ended September 30, 2013 which was a 65%
improvement over the net loss of $546,879 reported for the same
quarter in 2012.
Sales for the nine months ended September 30, 2013, were
$2,623,204, up 65% over the $1,587,582 for the same period a year
ago. Sales for the three months ended September 30 were flat, with
CirTran reporting $658,381 as compared with $653,127 for the same
period in 2012.
“After battling – and winning – in court six times over the
first nine months of 2013, CirTran was happy to get back to our
primary business of manufacturing and distributing Playboy Energy
Drink,” said Iehab J. Hawatmeh, the company’s founder, chairman and
CEO. CirTran Beverage Corporation, a CirTran subsidiary, has
partnered with Play Beverages, LLC, to distribute Playboy Energy
Drink worldwide under a license from Playboy Enterprises since
2006.
“CirTran has worked hard to renew and build relationships with
our international distributors after reduced sales and shipments
earlier in the year as a result of confusion about the legalities,”
he said. “We are regaining momentum and are moving full-speed ahead
in the fourth quarter, with a profitable year in sight.”
About CirTran
Corporation
Marking its 20th year in business, CirTran Corporation
(www.cirtran.com) has evolved from its roots in the electronics
industry to focus on manufacturing and marketing Playboy Energy
Drink worldwide. In 2007, CirTran created its CirTran Beverage
subsidiary, which partnered with Play Beverages LLC, to introduce
and distribute Playboy Energy Drink a year later. CirTran also
continues to maintain the capabilities of its previous core
business in off-shore manufacturing of high-volume electronics,
fitness equipment and household products for 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. CirTran disclaims any obligation or
intention to update any forward-looking statement.
CirTran CorporationIehab J. Hawatmeh, +(801)
963-5112iehab@CirTran.com
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