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Exhibit 99.2
For Immediate Release
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Company Contact:
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Xxxxx X. Xxxxxxxx
CirTran Corporation
x(000) 000-0000
xxxxx@XxxXxxx.xxx
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CirTran Extends Maturity Dates on Debentures
SALT LAKE CITY, October 14, 2008 -- CirTran Corporation (OTCBB: CIRC), an
international, full-service contract manufacturer of IT, consumer and
electronics products, announced today that maturity dates in connection with two
debenture agreements had been extended.
CirTran CFO Xxxxx Xxxxxx said the maturity date extensions involve two
convertible debentures issued in 2005 by CirTran to YA Global Investments, LP
(formerly known as Cornell Capital Partners, LP) and to Highgate House Funds,
LTD. The maturity dates for both debentures, previously due August 31, 2008,
were extended to December 31, 2008.
"CirTran continues to maintain positive relationships with YA Global Investments
and Highgate," said Xx. Xxxxxx. "We appreciate their confidence in our plans and
progress, as well as their willingness to continue working with us on the terms
of these debenture agreements."
About CirTran Corporation
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Founded in 1993, CirTran Corporation (xxx.xxxxxxx.xxx) has evolved from its
roots as a premier international, full-service contract manufacturer. From its
headquarters in Salt Lake City, where it operates along with its Racore
Technology (xxx.xxxxxx.xxx) electronics manufacturing subsidiary from an ISO
9001:2000-certified facility, CirTran has grown in scope and geography. Today,
CirTran's operations include: CirTran-Asia, a subsidiary with principal offices
in ShenZhen, China, which manufactures high-volume electronics, fitness
equipment, and household products for the multi-billion-dollar direct response
industry; CirTran Online, which offers products directly to consumers through
major retail web sites, and CirTran Beverage, which has partnered with Play
Beverages, LLC to introduce the Playboy Energy Drink.
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.
All trademarks are properties of their respective owners.
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