SALT LAKE CITY--(BUSINESS WIRE)--CirTran Beverage Corp., a subsidiary of CirTran Corporation (OTC BB: CIRC) and Play Beverages, LLC said today that a motion for a new trial and a Judgement Notwithstanding the Verdict will be filed in the Circuit Court of Cook County, Illinois, County Department, Law Division in the ongoing litigation against Playboy Enterprises International, Inc..
CirTran Beverage and Play Beverages had brought suit against Playboy in 2012 regarding a contract and license to manufacture and market a line of energy drinks. CirTran Beverage and Play Beverages also brought non-contract claims against Playboy.
Iehab J. Hawatmeh, president of CirTran Beverage, said he and his legal team were also evaluating appellate options regarding the trial. Neither Mr. Hawatmeh nor CirTran Corporation was a party to the suit.
“CirTran Beverage and Play Beverages were extremely disappointed in the outcome of the trial,” he said, “but we do believe in the justice system and continue to believe that justice will be served.”
About CirTran Corporation
Founded in 1993, CirTran Corporation has evolved from its roots in electronics to also manufacture and market beverages through its CirTran Beverage subsidiary. CirTran also maintains the capabilities of its previous core business in off-shore manufacturing of high-volume electronics, fitness equipment and household products.
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.
