In at .349- at .39 now Volume building
Should be .0349 in now at .038-oops
Good find boatguy! I'm in too.
CirTran Projects Record Sales and First-Ever Profitable Quarter
Monday July 11, 8:30 am ET SALT LAKE CITY--(BUSINESS WIRE)--July 11, 2005--CirTran Corporation (OTCBB:CIRT - News), an international full-service contract manufacturer of IT, consumer and consumer electronics products, today said that it projects reporting record sales for the second straight quarter when it files a 10-Q for the second quarter of fiscal 2005 next month.
Iehab J. Hawatmeh, CirTran's founder, president and CEO, also said that the company is projecting that it will report its first profitable quarter since becoming a public company in 2000.
Mr. Hawatmeh said CirTran anticipates reporting record sales of $4.22 million -- its biggest second quarter ever -- for three months ended June 30, 2005, up 119 over the $1.92 million reported for the same period a year ago. In addition, he said sales for the second quarter were up approximately 1.3 million, or 44%, as compared with record first quarter sales of $3.92 million reported.
Mr. Hawatmeh said CirTran expects to report sales for the six months ended June 30 of $7.14 million, up 178% over the $2.57 million reported for the same period in fiscal 2004.
CirTran's 'Best Start Ever'
"This is clearly our best start ever," said Mr. Hawatmeh. "Revenues are well up, with more than $80 million in new business backlog signed during the first half of 2005, while we've continued to reduce and control costs."
Mr. Hawatmeh said the company's growth has been "both at home in Salt Lake City, where we have added to our contracts, revenues and employee base, as well as at CirTran-Asia, where the company has continued to grow its business base in building products for the sold-on-TV marketplace.
"CirTran has emerged from a down period and is running full steam ahead," he said. "We look forward to rewarding our shareholders' trust and investments as we continue toward a profitable 2005."
About CirTran Corporation
Founded in 1993, CirTran Corporation (OTCBB:CIRT - News; www.CirTran.com) is a premier international full-service contract manufacturer of low to mid size volume contracts for printed circuit board assemblies, cables and harnesses to the most exacting specifications. Headquartered in Salt Lake City, CirTran's modern 40,000-square foot non-captive manufacturing facility -- the largest in the Intermountain Region -- provides "just-in-time" inventory management techniques designed to minimize an OEM's investment in component inventories, personnel and related facilities, while reducing costs and ensuring speedy time-to-market.
About CirTran-Asia
CirTran-Asia (www.CirTran-Asia.com) was formed in 2004 as a high-volume manufacturing arm and wholly-owned subsidiary of CirTran Corporation with its principal office in ShenZhen, China. CirTran-Asia operates in three primary business segments: high-volume electronics, fitness equipment and household products manufacturing, focusing on being a leading manufacturer for the multi-billion dollar Direct Response Industry, which sells through infomercials, print and internet advertisements.
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.
--------------------------------------------------------------------------------
Contact:
CirTran Corporation
Trevor M. Saliba, 801-963-5112
[email protected] or
The Kaminer Group
David A. Kaminer, 914-684-1934
[email protected]--------------------------------------------------------------------------------
Source: CirTran Corporation
SALT LAKE CITY, Jul 11, 2005 (BUSINESS WIRE) -- CirTran Corporation (CIRT, Trade), an international full-service contract manufacturer of IT, consumer and consumer electronics products, today said that it projects reporting record sales for the second straight quarter when it files a 10-Q for the second quarter of fiscal 2005 next month.
Iehab J. Hawatmeh, CirTran's founder, president and CEO, also said that the company is projecting that it will report its first profitable quarter since becoming a public company in 2000.
Mr. Hawatmeh said CirTran anticipates reporting record sales of $4.22 million -- its biggest second quarter ever -- for three months ended June 30, 2005, up 119 over the $1.92 million reported for the same period a year ago. In addition, he said sales for the second quarter were up approximately 1.3 million, or 44%, as compared with record first quarter sales of $3.92 million reported.
Mr. Hawatmeh said CirTran expects to report sales for the six months ended June 30 of $7.14 million, up 178% over the $2.57 million reported for the same period in fiscal 2004.
CirTran's 'Best Start Ever'
"This is clearly our best start ever," said Mr. Hawatmeh. "Revenues are well up, with more than $80 million in new business backlog signed during the first half of 2005, while we've continued to reduce and control costs."
Mr. Hawatmeh said the company's growth has been "both at home in Salt Lake City, where we have added to our contracts, revenues and employee base, as well as at CirTran-Asia, where the company has continued to grow its business base in building products for the sold-on-TV marketplace.
"CirTran has emerged from a down period and is running full steam ahead," he said. "We look forward to rewarding our shareholders' trust and investments as we continue toward a profitable 2005."
Should do well.. today just posted forst ever profitable quarter
http://biz.yahoo.com/bw/050711/115359.html?.v=1
Thanks for the pick Trunks, I too was watching CIRT this morning but by any chance did you notice the news posting you're referring to is from last monday morning?
Quote from: sweetdoc on July 18, 2005, 09:38:52 AM
but by any chance did you notice the news posting you're referring to is from last monday morning?
Yikes! your right.. I guess that explains why it hasn't moved ;D ...I saw CIRT on the otcc volume leaders at about 3 minutes before the market opened this morning so I checked Yahoo News real quick for news.. I guess I didn't have time to verify the date of the release.. I saw Monday and I assumed it was today since the volume was moving like Gangbusters.. I apologize for that..
More news out. I'm still waiting for the August release of its first profitable quarter. Would be nice to get over the .04 level.
CirTran's Racore Subsidiary Continues to Build Government Business With New Order for Fiber Optics Products From Texas Appraisal District
Monday August 1, 8:30 am ET
SALT LAKE CITY--(BUSINESS WIRE)--Aug. 1, 2005--Racore Technology, Inc., a subsidiary of CirTran Corporation (OTCBB:CIRT - News), has continued to build its public sector business base, adding the Cherokee County Appraisal District in Rusk, Texas, to its growing list of governmental customers for fiber optics products.
"Racore and its parent company, CirTran, are always happy to welcome a new government customer," said Trevor M. Saliba, executive vice president for worldwide business development for both organizations.
"We know that government customers must be very careful in terms of both quality and price in placing orders for technical equipment," he said. "That makes meeting the needs of the Cherokee County Appraisal District, as well as other government customers, all the more rewarding."
The order from the Cherokee County Appraisal District, located about 140 miles southeast of Dallas, was for a quantity of Racore's M8183-000 100FX Fiber Optic PCI Ethernet Network Interface Cards with VF-45 connectors.
"This is one of Racore's tried and true products ... one that has proven itself over time and long been both dependable and popular," said Mr. Saliba. "We know the M8183-000's will work well for Cherokee County, and look forward to more orders from government users in Texas and around the nation."
Nice volume on Friday...closed at the high of the day.
The last time the 50/200 MA crossed began a 14-day uptrend in early May. I'm in and looking for more tomorrow.
From previous post:
SALT LAKE CITY, Jul 11, 2005 (BUSINESS WIRE) -- CirTran Corporation (CIRT, Trade), an international full-service contract manufacturer of IT, consumer and consumer electronics products, today said that it projects reporting record sales for the second straight quarter when it files a 10-Q for the second quarter of fiscal 2005 next month.
Iehab J. Hawatmeh, CirTran's founder, president and CEO, also said that the company is projecting that it will report its first profitable quarter since becoming a public company in 2000.
Finally got the earnings release. Price action not what I expected. Maybe it will jump tomorrow. Looked like a good report to me. Volume about 2X normal. Seems stuck at .035
SALT LAKE CITY--(BUSINESS WIRE)--Aug. 15, 2005--CirTran Corporation (OTCBB:CIRT - News), an international full-service contract manufacturer of IT, consumer and consumer electronics products, has reported its first profitable quarter and the fifth consecutive quarter of growth and record sales in its 10-Q filing with the SEC for the period ended June 30, 2005.
Iehab J. Hawatmeh, founder and president of CirTran, said continued growth in domestic and off-shore business helped the company achieve an 11% net profit of $466,229, its first profitable quarter since becoming a public company in 2000. The 10-Q, he said, reported an $828,193 improvement over the loss of $361,964 for the same period in 2004.
CirTran was also profitable for the six months ended June 30, reporting $264,501, an improvement of $1,210,087 over the loss of $945,586 for the same period a year ago.
CirTran also achieved record sales for the fifth straight quarter, reporting revenues of $4,309,184, an increase of 123% over the $1,924,242 for the same period a year ago. Net sales for the six months was also a company-best with $7,229,649 reported, an increase of 277% over $2,603,604 for the first half of 2004.
In addition, CirTran's total assets more than doubled to $9,513,156 from $4,293,429 for the same period in 2004, with Total Shareholder Equity growing dramatically to $2,151,136 from ($2,242,033) a year ago.
Nice move today. News out - planning a move to the AMEX in the "near future."
Following a Profitable Quarter, CirTran Issues Shareholder Update
Monday September 12, 8:30 am ET
SALT LAKE CITY--(BUSINESS WIRE)--Sept. 12, 2005--With his company reporting a profit in its most recent quarter, Iehab J. Hawatmeh, president and CEO of CirTran Corporation (OTCBB:CIRT - News), an international full-service contract manufacturer of IT, consumer and consumer electronics products, today issued a shareholder update on several of the company's business units.
"Along with our shareholders, corporate management is disappointed in the recent performance of our stock," Mr. Hawatmeh said. "In accordance with SEC requirements and good business practices, CirTran regularly issues press releases on all news concerning the company, and is unaware of any unreported negative news or events that might have caused this dip."
Mr. Hawatmeh did speculate, however, that certain shareholders might have taken "short" positions on CirTran "which could well have a negative effect on our price.
"CirTran management believes that as the company and its subsidiaries continue to perform at the same high level as we have for the past 18 months and show positive earnings, the stock price should reflect our overall progress and growth," he said.
"We are also looking to move to the American Stock Exchange in the near future so that institutional buyers may hold CirTran stock," Mr. Hawatmeh said.
looks good here? pr not bad today. 0.0345 up 0.007 on the day so far on 3x avg volume.
Good day w/a volume spike....coming off the low end of a tight trading range with news out that includes spin of moving to the ASE.....might want to watch this one. ;D
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2005%5C09%5C12%5C70241114.html%26clientid%3D168%26provider%3DBUSINESS_WIRE&symbol=CIRT
Hi,
breakout trendline...on high volume..
News :
CirTran Again Reports Record Profits in 10-Q Filing; Company 'Moving Closer to Amex Listing Requirements' with Profits up over 200% for 3rd Quarter and Nine-Month Period
11/15/2005 9:00:08 AM
SALT LAKE CITY, Dec 01, 2005 (BUSINESS WIRE) -- Iehab J. Hawatmeh, founder and president of CirTran Corp. (CIRT), an international full-service contract manufacturer of IT, consumer and consumer electronics products, today commended and joined with the president of Overstock.com (OSTK) in his public condemnation of "naked shorting." ...
CirTran Forms Products Division to Sell Directly to Major Retailers; Also Reports Success in Two Legal Issues
12/2/2005 8:15:01 AM
this one is moving, i am in
Ready for that move....
Volume: 5,625,377
Avg Vol (3m): 2,659,860
Technicals
13-day EMA Cross Above 50-day EMA
Close Above the 50-day EMA
Close Above the 13-day EMA
Most Actives
Percentage Gainer
Last Price Quote is:
13.13%above 13-day EMA
13.78%above 50-day EMA
Press Release Source: CirTran Corp.
CirTran Celebrates 'Successful Conclusions' of Litigations, Now Set to File 10-KSB for Fiscal 2005 with SEC This Week
Wednesday April 12, 8:30 am ET
SALT LAKE CITY--(BUSINESS WIRE)--April 12, 2006--CirTran Corp. (OTCBB: CIRT - News), an international full-service contract manufacturer of IT, consumer and consumer electronics products, said today that it has settled all major litigation in which it was a defendant, clearing the way for the filing of Form 10-KSB for fiscal 2005 with the SEC later this week.
Iehab J. Hawatmeh, CirTran's founder and president, said the litigations, which were detailed in the company's previous SEC filings, were settled for "far less than the original claims" against CirTran.
"We celebrate the successful conclusion of these litigations and the settlements reached, which we believe to be very much in our favor," Hawatmeh said. "We were able to settle these cases with a total cash outlay of only $200,000 after originally having exposure of up to $4.25 million," he said.
CirTan settled with Howard Salamon, a financial consultant who originally sued the company for $1.75 million -- 4 million restricted shares and 7 million warrants exercisable at $.05 per share. CirTran auditors valued the settlement at $450,000, and accrued that amount to fiscal year 2005. CirTran also settled with Sunborne, the owner of a building in Colorado Springs, Colo., to which CirTran expanded its operations in the late 1990s, for $200,000 in cash. Sunborne's claim originally ranged up to $2.5 million.
Both settlements were reached in February of last month, but as previous obligations of CirTran, were accrued as of 2005 fiscal year end.
"Now," Hawatmeh said, "we can move forward with our new business entities and continue to build CirTran with a clean slate in fiscal 2006."
About CirTran Corp.
Founded in 1993, CirTran Corp. (www.CirTran.com) is a premier international full-service contract manufacturer. Headquartered in Salt Lake City, its ISO 9001:2000-certified, non-captive 40,000-square-foot manufacturing facility is the largest in the Intermountain Region, providing "just-in-time" inventory management techniques designed to minimize an OEM's investment in component inventories, personnel and related facilities while reducing costs and ensuring speedy time-to-market. In 1998, CirTran acquired Racore Technology (www.racore.com), founded in 1983 and reorganized as Racore Technology Corp. in 1997. In 2004, it formed CirTran-Asia as a high-volume manufacturing arm and wholly owned subsidiary with its principal office in ShenZhen, China. CirTran-Asia operates in three primary business segments: high-volume electronics, fitness equipment and household products manufacturing, focusing on the multibillion-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.
All trademarks are properties of their respective owners.
Contact:
CirTran Corp.
Trevor M. Saliba, 801-963-5112
[email protected] or
The Kaminer Group
David A. Kaminer, 914-684-1934 (Press)
[email protected]--------------------------------------------------------------------------------
Source: CirTran Corp.
SALT LAKE CITY, Apr 17, 2006 (BUSINESS WIRE) -- CirTran Corp. (CIRT, Trade), an international full-service contract manufacturer of IT, consumer and consumer electronics products, today filed Form 10-KSB for the year ended Dec. 31, 2005, reporting record sales and what its founder and president called "a strong overall improvement."
CirTran reported net sales of $12,992,512, an increase of 46.6% as compared with $8,862,715 for fiscal 2004. The company also reported a 243% improvement in gross profit, growing to $6,248,288 from $1,818,781, while trimming losses by 20% to $527,708 from a loss of $658,322 in fiscal 2004.
"CirTran showed a strong overall improvement in 2005, which would have been stronger still if not for resolutions of existing situations -- occurring after our Feb. 28, 2006, press release -- subsequently charged to fiscal 2005," said Iehab J. Hawatmeh, the company's founder and president.
"In addition, our 10-K filing includes adherence to a new SEC interpretation concerning derivatives on convertible debentures, resulting in an additional non-cash expense charge against 2005," he said. "The interpretation was issued Dec. 1, 2005, thus CirTran did not have this information when issuing our last quarterly financials, nor did our auditors have it when conducting their reviews."
As already announced by CirTran, two litigations settled in February were charged to fiscal 2005 as "previous obligations." In addition, the SEC's December 1 interpretation resulted in a non-cash charge of $826,124 for accretion expense when the $3.75 million convertible debenture issued to Highgate House Funds Ltd. last May was subsequently revalued. In addition, a derivative expense of $235,015 was charged to fiscal 2005 for the $1.5 million convertible issued to Cornell Capital in December.
"This mandated bookkeeping took $1,205,431 from CirTran's net income for the fiscal year," Hawatmeh said, noting that the company's cash obligations totaled only $200,000.
"If not for reporting the legal settlements against 2005 and the December 2005 new interpretation by the SEC, CirTran would have been on-target for its first profitable year ever," he said.
Other major areas of financial growth for CirTran reported in the 10-K filing included:
-- a 447% improvement in EBITDA to $1,268,000 as compared with $231,710 reported for 2004;
-- a 154% improvement in total assets to $10,899,705 from $4,293,429 reported for 2004; and
-- a 161% improvement in stockholder equity to $1,377,848 from ($2,242,033) reported for 2004.
Continued Growth by CirTran
"In 2005, CirTran continued its growth in all areas of our business," Hawatmeh said. "Sales grew, we added products and divisions, and for the first time reported a profitable quarter followed by a second profitable quarter. If not for auditing decisions involving legal issues and a change in reporting requirements, our projection and goal of a profitable year would have been realized."
About CirTran Corp.
Founded in 1993, CirTran Corp. (www.CirTran.com) is a premier international full-service contract manufacturer. Headquartered in Salt Lake City, its ISO 9001:2000-certified, non-captive 40,000-square-foot manufacturing facility is the largest in the Intermountain Region, providing "just-in-time" inventory management techniques designed to minimize an OEM's investment in component inventories, personnel and related facilities while reducing costs and ensuring speedy time-to-market. In 1998, CirTran acquired Racore Technology (www.racore.com), founded in 1983 and reorganized as Racore Technology Corp. in 1997. In 2004, it formed CirTran-Asia as a high-volume manufacturing arm and wholly owned subsidiary with its principal office in ShenZhen, China. CirTran-Asia operates in three primary business segments: high-volume electronics, fitness equipment and household products manufacturing, focusing on the multibillion-dollar direct response industry.
his 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.
SOURCE: CirTran Corp.
CirTran Corp.
Trevor M. Saliba, 801-963-5112
[email protected] or
The Kaminer Group
David A. Kaminer, 914-684-1934 (Press)
[email protected] Copyright Business Wire 2006
Continued the move today....
Volume: 7,734,466
Avg Vol (3m): 2,697,240
Technicals
Most Actives
Last Price Quote is:
22.76%above 13-day EMA
23.46%above 50-day EMA
Changed Ticker Symbol.......
CIRT.OB is no longer valid. It has changed to "CIRC.OB"
Here is today's chart...
"CIRC.OB" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;D
All history on a stock pick in 1 thread is awesome. ;)
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock. :( ::)
Thank You....and good luck with all your trades....make some $$$ ;) ;D