CirTran having 'Green for Go' St. Patrick's Day Week in China
Mar 15, 2005
The people working on production for CirTran-Asia, the Chinese subsidiary of CirTran Corporation (OTCBB: CIRT) in ShenZhe may not know that this is St. Patrick's Day week, but as far as the company is concerned, it's "green for go" at its factories there.
CirTran said production has begun on its $22 million contract for the "True Ceramic Pro - Flat Iron Traveling Kit," a popular consumer electronics product (see "CirTran Corporation Awarded Record $22 Million Contract to Manufacture Sold-on-TV Product for Advanced Beauty Solutions," Business Wire, February 23).
Trevor M. Saliba, CirTran's executive vice president for worldwide business development said the first 10,000 units of the flat iron will be completed this week, "with more than $1 million in production completed by the end of March.
"I just returned from China with Iehab J. Hawatmeh, the founder, president and CEO of CirTran," he said. "We are happy to report that production there is going full steam ahead, and that the first Flat Irons come off the assembly line without any problems."
CirTran's contract with Advanced Beauty Solutions, LLC, of Los Angeles, is to be the exclusive manufacturer of the popular sold-on-TV consumer electronics product. He said the contract is expected to generate $22 million in revenue over the next 12 to 14 months.
Mr. Saliba also said that production is continuing on the Hot Dog Express(TM) another sold-on-TV consumer electronics product (see "CirTran Cuts the Mustard with $5.4 Million Contract to Manufacture the New Sold-on-TV 'Hot Dog Express'," Business Wire, January 24).
The contract with Emson, Inc., a division of E. Mishan & Sons, Inc., of New York City, to be the exclusive manufacturer of the Hot Dog Express, runs through 2007, with minimum revenues to CirTran of $1.8 million per year, or $5.4 million over three years.