CirTran issues a statement to shareholders about sudden change in price and volume
Sep 17, 2004
Lehab Hawatmeh, president of CirTran Corp. (OTC BB: CIRT), in response to the company's trading the last few days, announced that the management team is aware of no material reason for the sudden change in volume and price.
"No material event has transpired which we the management team or, to my knowledge, any director to the company is aware of, which account for today's dramatic decline in our company's stock. In fact, if anything, recent and pending corporate activities justify prudent optimism on the part of the investment community," stated Hawatmeh.
Hawatmeh further commented, "The company overall is doing very well and in accordance with the company's overall business plan. Sales are up and have consistently continued to increase each quarter throughout 2004. The company's backlog is at a historical high. The company's debt is at a record low for the year. The company's two wholly owned subsidiaries, Racore Technology Corp. and CirTran-Asia, Inc. have consistently demonstrated increased client base and market share year to date. Moving forward towards the end of the year, management strongly anticipates CirTran's short and long term goals to be met with great success."