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Iehab J. Hawatmeh, CirTran's founder, president and CEO, said the agreement with PlayBev CEE Kft. (www.playboyenergy.hu) gives the Budapest-based company exclusive distribution rights for Playboy Energy Drink and Playboy Energy Drink Light in Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Turkey.
The agreement, he said, also gives PlayBev CEE the right to manufacture the Playboy products in the region, "taking budget from shipping and putting it into marketing." A distribution agreement for the local market in Hungary was signed with SIO-ECKES, one of the largest beverage distribution companies in Hungary, he said.
In June, CirTran announced what Mr. Hawatmeh called "the opening of the door to Eastern Europe" with a distribution agreement in Albania. "Now, CirTran has significantly expanded its reach into Europe," he said. "And, we have continued to make our mark in the worldwide market for energy drinks with our new world-class Playboy-branded product."
"The Playboy name is 'magic' in Eastern Europe," said Modroczky Tamas, managing director of PlayBev CEE. "We are working closely with Iehab Hawatmeh and Play Beverages' marketing experts in the U.S. and Europe to build on the success of this new Playboy-branded product line in our burgeoning marketplace."
About CirTran Corporation
Founded in 1993, CirTran Corporation (www.cirtran.com) 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 (www.racore.com) 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 (www.playboyenergy.com) to introduce and distribute 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.
SOURCE: CirTran Corporation
CirTran Corporation Iehab J. Hawatmeh, +(801) 963-5112 iehab@CirTran.com
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