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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 Signs Distribution Agreement for Playboy Energy Drink in Mexico
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10-Year Agreement Includes Sales Quota of $480 Million
SALT LAKE CITY, October 16, 2008 -- CirTran Corporation (OTCBB: CIRC) said today
that it has signed an international distribution agreement for the new line of
Playboy-branded energy drinks it manufactures and distributes, giving rights in
Mexico to Factor Tequila SA de CV.
The agreement gives Factor Tequila exclusive rights to distribute Playboy Energy
Drink in Mexico. Concurrent with the signing of the agreement, Factor Tequila
placed an initial order with CirTran Beverage Corp. for which it will make an
advance payment of $220,000. The agreement includes a sales quota schedule
totaling $480 million over the agreement's 10-year period.
CirTran Beverage is a wholly-owned subsidiary of CirTran Corporation, and
spearheads the manufacture and distribution of Playboy Energy Drink and Playboy
Energy Drink Low Sugar. Playboy Energy Drink was formally introduced in the U.S.
by CirTran in the spring of 2008, with major promotions in Florida and
California.
"This exciting new product line has been popularly received by consumers,
retailers and the beverage distribution community," said Xxxxx X. Xxxxxxxx,
founder and president of CirTran. "Now, CirTran is starting to distribute into
new markets. With this distribution agreement, we begin to market Playboy Energy
Drink to our neighbors south of the border in partnership with Factor Tequila."
Xx. Xxxxxxxx said that the distribution agreement calls for Factor Tequila to
advertise and promote Playboy Energy Drink at its cost and have product
available through at least 70% of its accounts in Mexico within the next 12
months.
Xxxx Xxxxxxx Xxxxxx, director of Factor Tequila, said his company "shares
CirTran's excitement about Playboy Energy Drink. We are eager to introduce this
great new product line with a world-class name and trademark that is already
very well known and popular in Mexico."
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 and distribute the Playboy Energy Drink.
About Factor Tequila SA de CV
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Factor Tequila SA de CV, based in Xxxxxxx, Mexico, produces, markets and exports
bottled beverages including premium spirits of high and low alcohol grade. The
company's success is based on its innovation and the development of brands
created through the blending of different resources, offering bottled drinks
which "transmit the culture and values of Mexico," and promoting new ways of
consuming Mexican spirits in key growth markets in a manner which is highly
profitable for distributors and extremely appealing to consumers.
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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