CirTran projects another record quarter and continued profitability
Oct 18, 2005
Growth in U.S. and China boosts revenues 120% for first 9 Months of 2005
Crediting ongoing growth in its U.S. and Asian operations, CirTran Corporation (OTCBB:CIRT) said that it expects to report its sixth consecutive quarter of record sales -- and projects its second straight profitable quarter -- when it files its 10-Q with the SEC for the third financial quarter ended September 30, 2005.
Iehab J. Hawatmeh, founder, president and CEO of CirTran, said his company projects sales of approximately $4,300,000 for the third quarter of fiscal 2005, an increase of more than $1.7 million, or approximately 64% over the $2,626,770 for the same period in fiscal 2004.
For the nine months ended September 30, he said CirTran expects to report revenues of approximately $11,500,000, an increase of approximately $6,300,000, or some 120%, over the same period a year ago.
"This is the sixth straight quarter in which revenues have grown and the second quarter in a row where we are projecting profitability," he said. "CirTran has worked very hard, in the U.S. and China, to maximize results while keeping a close watch on overhead costs, and our strategic plan is working."