CirTran Corporation - Company Summary

Overview

CirTran Corporation is a diversified manufacturer, marketer, distributor, and provider of technology services across various consumer product categories. It operates primarily through its subsidiaries: LBC Products, Inc., CirTran Products Corp., and CirTran - Asia, Inc. The company has a strong understanding of consumer preferences domestically and internationally, with a presence in over 50 key global markets.

Core Activities

• HUSTLER®-Branded Products:
  Since 2020, the company has developed and launched products under the HUSTLER® brand, including:

  • Condoms
  • Electronic cigarettes and cigars
  • Small and premium cigars
  • Hookahs and hookah tobacco
  • Energy drinks
  • Water beverages
  • Related merchandise

  These products are manufactured, distributed, and sold via its subsidiaries under a December 2019 exclusive agreement with GloBrands, LLC, which licenses the HUSTLER® trademark from the Flynt/HUSTLER® organization founded by Larry Flynt.

• Distribution Channels:

  • Products are distributed through outlets operated by HUSTLER® affiliates, such as:
    • HUSTLER® Clubs (14 locations worldwide)
    • HUSTLER® Hollywood adult retail stores (60 locations)
    • HUSTLER® Casino and Larry Flynt’s Lucky Lady Casino in California
    • Broadcasting outlets serving over 55 countries
    • Deja Vu adult clubs and retail stores in major U.S. and international cities (including UK, Australia, France, Canada, Mexico)

• Product Development & Manufacturing:

  • Developing relationships with domestic and international suppliers
  • Managing regulatory approvals (FDA 510(k) for condoms, import licenses, product labeling)
  • Creating product samples, displays, catalogs, media content, and marketing materials
  • Establishing distribution and logistics channels globally
  • Operating leased facilities in Las Vegas for offices, showrooms, and warehouses
  • Building a support team of contractors and support staff

• Contract Manufacturing & Contract Marketing:

  • Developing new consumer products based on market needs or proprietary designs
  • Outsourcing manufacturing to third-party domestic and international suppliers
  • Serving various sectors: home & garden, health & beauty, toys, licensed merchandise, medical devices, beverages
  • Providing turn-key manufacturing solutions — from design to delivery

Business Relationships & Agreements

• GloBrands Manufacturing & Distribution Agreement:
  • Grants exclusive rights to manufacture, distribute, and sell licensed products under the HUSTLER® brand
  • Agreement runs through November 2024
  • GloBrands pays royalties and pre-paid guaranteed payments based on sales
  • GloBrands license covers products like condoms, energy drinks/waters, cigars, electronic cigarettes/cigars, hookahs

Financials (2024)

• Revenue: $1,296,796 (down from $1,616,148 in 2023)
• Net Loss: $2,626,876
  (from continuing operations; a significant increase in losses)
• Gross Profit: $838,638
• Operating Expenses: $1,389,377 (mostly driven by increased marketing and administrative costs)
• Employees:
  • 4 full-time employees (including officers and directors)
  • 23 part-time contractors/support staff

Additional Financial Details

• The company has suffered substantial losses historically, with an accumulated deficit of approximately $61.6 million as of December 31, 2024.
• The company's common stock is traded over-the-counter (OTC) on the Pink tier, with about 4.9 million shares outstanding and 498 stockholders as of April 2025.
• The company relies heavily on external capital, and its auditors have expressed concerns about its viability as a continuing concern.

Summary

CirTran Corporation operates in manufacturing, branding, and distribution of consumer products, focusing heavily on HUSTLER® branded merchandise across adult entertainment venues and retail stores worldwide. It offers comprehensive product development, manufacturing, and logistics services and seeks to develop new consumer products through licensing, contract manufacturing, and partnership relationships. The company's financial health remains challenged by ongoing losses and dependence on external funding.