Illinois Court Again Rules for CirTran/PlayBev Over Playboy
June 03 2014 - 9:05AM
Business Wire
8th Straight Legal Victory as
Playboy’s Claims are Dismissed with Prejudice
Once again, the Circuit Court of Cook County, Illinois has ruled
in favor of CirTran Corporation (OTC BB: CIRC) and its Play
Beverages partner in their on-going legal battle with Playboy
Enterprises.
On Monday, the Honorable Kathleen M. Pantle dismissed with
prejudice an amended third-party complaint filed by Playboy against
CirTran Corporation, its President Iehab J. Hawatmeh, and fellow
board member Fadi Nora. The ruling follows an earlier order issued
by Judge Pantle in January, 2014, which dismissed Playboy’s
original third-party complaint for failure to plead sufficient
facts to state a claim against these parties under Illinois law. At
that time, Judge Pantle allowed Playboy to file the now-dismissed
amended complaint.
This legal victory is the eighth favorable ruling CirTran and
its partners have obtained since litigation with Playboy commenced
in late 2012.
“The legal process is tedious, time-consuming and expensive,”
said Mr. Hawatmeh. “But winning each and every time reassures us
that we are doing things the right way and on the right track.”
Last week, CirTran filed its 10-K for fiscal year 2013 showing a
showing a bottom line improvement of $1.1 million, led by sales and
distribution of Playboy Energy Drink. CirTran said it will file
Form 10-Q for the first quarter of fiscal 2014 shortly.
About CirTran Corporation
Founded in 1993, CirTran Corporation has evolved from its roots
in electronics 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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