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Play Beverages LLC, CirTran Beverage Corporation and CirTran Corporation (OTCQB: CIRC) announced today the U.S. District Court, Central District of California has ruled in their favor. The Court denied Playboy Enterprises International, Inc.'s ("Playboy") motion for injunction and dismissed Playboy's trademark lawsuit. The order issued January 30, 2013 ruled in favor of Play Beverages and the CirTran companies and subsequently took Play Beverages out of bankruptcy, enabling it to continue its action in state courts against Playboy Enterprises and others to protect its license to produce and sell Playboy Energy Drink.
Introduced in 2008, Playboy Energy Drink is manufactured and distributed exclusively by CirTran Beverage Corporation, a wholly owned subsidiary of CirTran Corporation (OTCQB: CIRC) under a product license from Playboy Enterprises to Play Beverages, and is currently available in more than 20 countries around the world. The Energy Drink space currently includes Monster Beverage Corp (NASDAQ: MNST), PepsiCo, Inc. (NYSE: PEP), and The Coca-Cola Company (NYSE: KO).
Shares of CirTran Beverage Corporation and CirTran Corporation (OTCQB: CIRC) are currently trading up 35%
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