Famous Rabbit Trademark to Remain on CirTran's Playboy Energy Drink
4th Win in 4 Legal Battles with Playboy Corporation
SALT LAKE CITY--(BUSINESS WIRE)-- CirTran Corporation (OTC BB: CIRC) announced today that Playboy's motion to prevent Play Beverages and CirTran Beverage from selling Playboy Energy Drink was denied by Judge Robert W. Gettleman without prejudice, and that Play Beverages' motion to stay the federal action in favor of its state lawsuit in Chicago against Playboy was granted
In the United States District Court for the Northern District of Illinois' Eastern Division, Judge Gettleman granted a motion by Play Beverages, LLC, CirTran Beverage Corporation and CirTran Corporation, denying a motion by Playboy Enterprises International, Inc., without prejudice. Playboy had filed on February 1, 2013, seeking to enjoin PlayBev and the CirTran companies from using the trademark, with the defendants counter filing on March 5.
Following Judge Gettleman's ruling, a report for status and review has been set for October 17, 2013.
In 2012, CirTran's beverage distribution revenues were up 39% from 2011, and accounted for 98% of its sales. CirTran has operations in Asia, including China, the Middle East, and Africa, as well as in the U.S., South America, Europe and Canada. To date, CirTran has operations in over 20 countries.
"The win last week in U.S. District Court continued CirTran's very successful litigation on behalf of our beverage business," said Iehab J. Hawatmeh, the company's founder, chairman and president.
"Since December 2012, it has been win after win for our beverage business, with CirTran and our partners successful in all settled-to-date and court proceedings involving the Playboy Energy Drink-centric beverage business," Mr. Hawatmeh said. "A settlement last month, he said, relieved CirTran of approximately $1.4 million in accrued royalties and other debt obligations claimed by former Play Beverages' partners.
"Despite time-consuming and costly litigation, CirTran continues to move forward with our Playboy Energy Drink business in North America and around the world," he said.
About CirTran Corporation
Marking its 20th year in business, CirTran Corporation (www.cirtran.com) has evolved from its roots as an 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. 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.
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.
Iehab J. Hawatmeh, +(801) 963-5112
KEYWORDS: United States North America Utah
The article Famous Rabbit Trademark to Remain on CirTran's Playboy Energy Drink originally appeared on Fool.com.
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