SALT LAKE CITY -- CirTran Corp. today announced outside investors have poured $3.75 million in cash into the contract electronics manufacturer's operations in a move that also cut interest payments by more than half.

CirTran issued a $3.75 million convertible debenture to Highgate House Funds, Ltd., a  New York investment group. CirTran used the funds to retire separate notes of $1.7 million and $565,000, respectively.

CirTran gained a net cash of $1.24 million, which will be used to fund its operations in the U.S. and China," founder and president Iehab J. Hawatmeh said in a press statement.

CirTran will also save $254,000 -- 57% -- in annual interest payments.

Last week, CirTran reported EBITDA of $26,518 and positive shareholder equity for the first quarter of fiscal 2005.

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PHOENIX -- Suntron Corp. is out of compliance with Nasdaq Stock Market rules for continued listing for failure to maintain a minimum market value of publicly held shares of $5 million for 30 consecutive trading days, the company said.

Suntron, a contract assembler, has until Aug. 22 to comply; failure to do so will lead to delisting of the company's common stock.

Suntron said it is evaluating its options.

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TEMPE, AZ - New orders and backlogs for manufacturers grew for the 24th straight month in May - the longest stretch of growth in 16 years. But the rate of growth is losing momentum, according to the latest Institute for Supply Management figures, released this morning. The PMI measure of economic activity fell for the sixth straight, slipping 1.9 points sequentially to 51.4%, its lowest point since June 2003.

For the month new orders and backlogs were down 2.0 points and production slid 1.8 points. Inventories at manufacturers ticked down, but customer stock levels jumped six points.

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