CirTran Gets 2d $300k Loan PDF Print E-mail
Written by Mike Buetow   
Friday, 02 May 2008 07:45
SALT LAKE CITY – CirTran Corp. has issued a promissory note for $315,000, the EMS company's second in the past month. 
 
Under the terms of the April 7 note, the company received proceeds of $300,000 from Albert Hagar, to whom it will repay an aggregate of $315,000 within 30 days after demand is made for payment. CirTran president Iehab Hawatmeh gave a personal guarantee for the note.
 
It is the second time in a month the company has issued a $315,000 note. On March 31, CirTran issued five promissory notes for an aggregate indebtedness of $315,000 to five individuals.
 
For its 2007 fiscal year, CirTran reported a net loss of $7.2 million on revenues of $12.4 million.
Last Updated on Friday, 02 May 2008 07:46
 

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