U.S. SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549

                           FORM 10-QSB

      [  X ]     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

     For the quarterly period ended September 30, 2000

      [   ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

     For the transition period from     to

                 Commission File No. 33-13674-LA

                       CIRTRAN CORPORATION
     (Exact name of small business issuer as specified in its
                            charter)

            Nevada                          68-0121636
(State or other jurisdiction of    (IRS Employer Identification
incorporation or organization)                 No.)

       4125 South 6000 West, West Valley City, Utah 84128
            (Address of principal executive offices)

                         (801) 963-5112
                   (Issuer's telephone number)

                         Not Applicable
  (Former name, address and fiscal year, if changed since last
                             report)

Check whether the issuer (1) has filed all reports required to be
filed  by  Section  13 or 15(d) of the Exchange  Act  during  the
preceding  12 months (or for such shorter period that the  issuer
was  required to file such reports), and (2) has been subject  to
such filing requirements for the past 90 days. Yes [ X] No [  ]

State  the  number of shares outstanding of each of the  issuer's
classes  of  common equity, as of November 17, 2000:   10,495,637
shares of common stock.

Transitional Small Business Format:  Yes [   ]  No [ X ]

<PAGE>



                        TABLE OF CONTENTS

                                                            Page
PART I - FINANCIAL INFORMATION

Item 1    Condensed Consolidated Financial Statements

          Balance  Sheets  as of  September  30,
          2000 and 1999 (unaudited)                          3

          Statements of Operations for the Three
          Months and Nine Months Ended September
          30,    2000   (unaudited)   and   1999
          (unaudited)                                        4

          Statements of Cash Flows for the  Nine
          Months ended September 30, 2000 (unaudited)
          and 1999 (unaudited)                               5

          Notes    to   Condensed   Consolidated
          Financial Statements (unaudited)                   7

Item 2    Managements Discussion and Analysis of
          Financial Condition and Results of
          Operation                                          9

PART II - OTHER INFORMATION

Item 2    Changes in Securities and Use of Proceeds         11

Item 4    Submission of Matters to a Vote of Security
           Holders                                          11

Item 6    Exhibits and Reports on Form 8-K                  12

Signatures                                                  12

                                2
<PAGE>
               CirTran Corporation and Subsidiary

              UNAUDITED CONSOLIDATED BALANCE SHEET

                          September 30,

                             ASSETS

                                                          2000      1999
CURRENT ASSETS
Cash and cash equivalents                           $   40,250  $     5,321
Trade accounts receivable, net of allowance for
 doubtful accounts of $3,366 in 2000 and $75,100
 in 1999                                             1,925,766    1,771,074
Inventories                                          3,009,396    3,325,397
Other                                                  312,098      430,985
Total current assets                                 5,287,510    5,532,777
PROPERTY AND EQUIPMENT, NET                          2,190,246    3,104,865
OTHER ASSETS, NET                                      115,397      588,176

                                                    $7,593,153   $9,225,818

         LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY

CURRENT LIABILITIES
Line of credit                                      $2,734,429   $3,646,212
Current maturities of long-term obligations            456,550      871,485
Current maturities of capital lease obligations        100,920      296,464
Checks written in excess of cash in bank                     -      111,339
Accounts payable                                     2,959,657    4,938,805
Accrued liabilities                                  1,305,622      553,051
Notes payable to stockholders                        1,035,966      250,000
Total current liabilities                            8,593,144   10,667,356
LONG-TERM OBLIGATIONS, less current maturities         448,702      530,818
CAPITAL LEASE OBLIGATIONS, less current maturities      22,762       55,877
COMMITMENTS                                                  -            -
STOCKHOLDERS' EQUITY
Common stock, $0.001 par value;  Authorized
 500,000,000 shares; issued and outstanding;
 10,143,567 in 2000 and 8,798,701 in 1999               10,144        8,799
Additional paid-in capital                           5,836,527    3,761,272
Receivables from stockholders                                -     (225,000)
Accumulated deficit                                 (7,318,126)  (5,573,304)
Total stockholders' deficit                         (1,471,455)  (2,028,233)

                                                    $7,593,153   $9,225,818

The accompanying notes are an integral part of these statements.

                                3
<PAGE>
               CirTran Corporation and Subsidiary

         UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>
                                    Three months ended     Nine months ended
                                       September 30,          September 30,
                                     2000        1999       2000         1999
<S>                             <C>         <C>           <C>          <C>
Net sales                       $ 2,501,970 $ 1,779,625   $ 5,182,008  $ 8,937,827
Cost of sales                     1,695,854   2,222,005     4,207,133    9,209,250

Gross profit                        806,116    (442,380)      974,875     (271,423)

Selling, general and administrative
 expenses                           630,971     326,877     2,070,028    2,799,306

Income (loss) from
operations                          175,145    (769,257)   (1,095,153)  (3,070,729)

Other income (expense)
Interest expense                   (18,220)    (211,343)     (326,537)     (511,122)
Other income                         3,658       53,532        71,318       207,396
                                   (14,562)    (157,811)     (255,219)     (303,726)
Earnings (loss) before
income taxes                       160,583     (927,068)   (1,350,372)   (3,374,455)
Income tax expense                       -            -             -             -

    NET EARNINGS (LOSS)         $  160,583  $  (927,068) $ (1,350,372) $ (3,374,455)
Net earnings (loss) per common
 share-basic                    $ 0.07      $ (0.46)     $ (0.19)      $ (0.56)
Net earnings (loss) per common
 share-diluted                  $ 0.07      $ (0.46)     $ (0.19)      $ (0.56)
Weighted-average common and
diluted common equivalent
shares outstanding
 Basic                           2,387,893    2,020,538     7,163,679     6,061,613
 Diluted                         2,387,893    2,020,538     7,163,679     6,061,613
</TABLE>

The accompanying notes are an integral part of these statements.

                                4
<PAGE>

               CirTran Corporation and Subsidiary

         UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

             For the Nine Months ended September 30,


                                                       2000       1999
Increase (decrease) in cash and cash equivalents
 Cash flows from operating activities
  Net loss                                       $(1,350,372) $(3,374,455)
  Adjustments to reconcile net loss to net
   cash used in operating activities
   Depreciation and amortization                     580,909      485,206
   Provision for loss on trade receivables            15,028            -
   Reserve for inventory obsolescence                 78,000       50,000
   Changes in assets and liabilities
    Trade accounts receivable                       (967,443)       2,353
    Inventories                                      (31,013)     (83,342)
    Other assets                                    (239,545)    (438,352)
    Accounts payable                                 593,470    2,283,336
    Accrued liabilities                              706,836      300,951

      Total adjustments                              736,242    2,600,152

      Net cash used in
      operating activities                          (614,130)    (774,303)

Cash flows from investing activities
   Purchase of property and equipment                (11,227)    (456,272)

     Net cash used in
     investing activities                            (11,227)    (456,272)

                           (Continued)

                                5
<PAGE>

               CirTran Corporation and Subsidiary

   UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - CONTINUED

             For the Nine Months ended September 30,


                                                      2000            1999
Cash flows from financing activities
Increase in receivable from stockholders               86,000              -
Decrease in checks written in excess
of cash in bank                                       (77,656)       (91,076)
Net change in line of credit                          (58,180)      (288,221)
Principal payments on long-term obligations          (297,102)       (20,854)
Principal payments on capital lease obligations       (59,555)       (10,710)
Purchase and retirement of outstanding stock          (80,000)             -
Issuance of common stock                            1,151,600        931,235
Borrowings from stockholders                                -        250,000
Proceeds from long-term obligations                         -        463,283

Net cash provided by
financing activities                                  665,107      1,233,657

Net increase in cash and
cash equivalents                                       39,750          3,082

Cash and cash equivalents at beginning of period          500          2,239

Cash and cash equivalents at end of period         $   40,250    $     5,321

Supplemental disclosure of cash flow information
Cash paid during the period for
Interest                                           $  326,537    $   511,123

Noncash investing and financing activities
Capital lease obligation incurred for equipment    $        -    $    26,954

The accompanying notes are an integral part of these statements.

                                6
<PAGE>


               CirTran Corporation and Subsidiary

      NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

                   September 30, 2000 and 1999

NOTE A - BASIS OF PRESENTATION

   The  accompanying unaudited consolidated financial  statements
   of  CirTran Corporation and Subsidiary (the Company) have been
   prepared  in  accordance  with generally  accepted  accounting
   principles  for  interim financial information  and  with  the
   instructions  to  Form  10-QSB. Accordingly,  these  financial
   statements do not include all of the information and  footnote
   disclosures   required   by  generally   accepted   accounting
   principles   for   complete   financial   statements.    These
   financial statements and footnote disclosures should  be  read
   in   conjunction  with  the  audited  consolidated   financial
   statements  and notes thereto for the year ended December  31,
   1999.    In   the  opinion  of  management,  the  accompanying
   unaudited   consolidated  financial  statements  contain   all
   adjustments  (consisting of only normal recurring adjustments)
   necessary   to   fairly  present  the  Company's  consolidated
   financial  position as of September 30, 2000, its consolidated
   results  of  operations and cash flows for  the  three  months
   ended  September  30,  2000  and  1999  and  its  consolidated
   results  of  operations and cash flows  for  the  nine  months
   ended  September 30, 2000 and 1999.  The results of operations
   for  the three months and nine months ended September 30, 2000
   and  1999,  may not be indicative of the results that  may  be
   expected for the year ending December 31, 2000.


NOTE B - INVENTORIES

   Inventories consist of the following at September 30:

                                            2000      1999
     Raw materials                       $ 1,964,547  $1,635,516
     Work-in process                         985,925     567,997
     Finished goods                          470,827   1,253,138
                                           3,421,299   3,456,651
     Less reserve for obsolescence          (411,903)   (131,254)
                                         $ 3,009,396  $3,325,397


NOTE C - ISSUANCE OF STOCK

   During  the  period  ended September  30,  2000,  the  Company
   issued  177,444  shares of its common stock to  investors  for
   $1,151,600 in cash.

                                7
<PAGE>

               CirTran Corporation and Subsidiary

      NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

                   September 30, 2000 and 1999


NOTE D - MERGER AGREEMENT

   Effective  July 1, 2000, all of the assets and liabilities  of
   Circuit Technology Corporation (Circuit) were acquired by  CTI
   Systems,   Inc.   (CTISI),  a  wholly  owned   subsidiary   of
   Vermillion  Ventures, Inc. (VVI). Circuit received  10,000,000
   shares  of  VVI  common  stock in  the  transaction  of  which
   800,000  shares were paid by Circuit to Cogent  Capital  Corp.
   for   services  performed  in  facilitating  the  transaction.
   CTISI subsequently changed its name to CirTran Corporation.

   The  merger  was  accounted for as a  reverse  acquisition  of
   CirTran  Corporation by Circuit.  Although CirTran Corporation
   will  be  the surviving legal entity, for accounting  purposes
   Circuit  was treated as the continuing entity.  The equity  at
   September  30,  1999  was  adjusted to  give  affect  to  this
   reverse acquisition.


NOTE E - LITIGATION

   The  Company  is  a  defendant  in  an  alleged  breach  of  a
   facilities  sublease  agreement in Colorado.   A  lawsuit  was
   filed  in which the plaintiff seeks to recover past due  rent,
   future  rent, and other lease charges.  The range of potential
   loss is estimated at between $0 and $2,500,000.  The range  is
   widespread due to two rent calculation methods written in  the
   master  lease.   Under one calculation, the  amount  would  be
   minimal.   Under  the  other  calculation,  the  amount  would
   represent  all  future  rent (reduced by  rent  received  from
   future  tenants).   Currently, a new tenant  on  a  short-term
   lease  occupies the premises.  The new tenants lease  includes
   rent  at  two  times  the monthly rate of the  original  lease
   under  suit.   The  Company  has also  filed  a  counter  suit
   against  the  landlord for missing equipment.  The  amount  of
   the counter suit claim exceeds $500,000

                                8
<PAGE>
   ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                            CONDITION
                    AND RESULTS OF OPERATIONS

Overview

   CirTran provides a mixture of high and medium size volume
turnkey manufacturing services using surface mount technology
(SMT), ball-grid array (BGA) assembly, pin-through-hole (PTH) and
custom injection molded cabling for leading electronics OEMs in
the communications, networking, peripherals, gaming, consumer
products, telecommunications, automotive, medical, and
semiconductor industries.  The Company provides a wide variety of
pre-manufacturing, manufacturing and post-manufacturing services.
Our goal is to offer customers the significant competitive
advantages that can be obtained from manufacture outsourcing,
such as access to advanced manufacturing technologies, shortened
product time-to-market, reduced cost of production, more
effective asset utilization, improved inventory management, and
increased purchasing power.

Results of Operations

     Net Sales decreased 42% to $5,152,008 for the nine months
ended September 30, 2000 as compared to $8,937,827 for the same
period in 1999.  The decrease is due to loss of a major customer,
Andrew Corporation, which accounted for approximately 46% of
Cirtran's net sales in 1999.  Cost of sales for the nine-month
period ended September 30, 2000 was $4,207,133, a 54% decrease as
compared to $9,209,250 incurred during the comparable nine-month
period for the prior year.  Such costs as a percentage of revenue
were 81% during 2000 as compared to 103% during 1999.  Sales to
Andrew Corporation in 1999 accounted for a large volume of sales
through large orders averaging 35,000 pieces, but these orders
resulted in very low or negative margins, which was substantially
responsible for Cirtran's negative gross profit for the nine
months ended September 30, 1999.  Since the first quarter of
2000, Cirtran has shifted its marketing effort to small and mid-
sized customers that place orders of 100 to 5,000 pieces, which
produce a higher gross profit.

     This redirection of Cirtran's marketing effort began to see
success in the third quarter of 2000.  In the third quarter,
Cirtran had net sales of $2,501,970 as compared to $1,779,625 in
the third quarter of 1999, a 41% improvement over net sales
during the 1999 period.  Cost of sales was $1,695,854 for the
three months ended September 30, 2000 as compared to $2,222,005
for the comparable period in 1999, a decrease of 24%.  Gross
profit increased from a negative $442,380 for the three months
ended to a positive net profit of $806,116.

     CirTran uses just-in-time manufacturing, which is a
production technique that minimizes work-in-process inventory and
manufacturing cycle time while enabling the Company to deliver
products to customers in the quantities and time frame required.
This manufacturing technique requires Cirtran to maintain an
inventory of component parts to meet customer orders.  Inventory
at September 30, 2000, was $3,009,396 as compared to $3,325,397
at September 30, 1999.  The decrease of approximately 10% in
inventory is attributable to the decreased sales in 2000 that
reduced Cirtran's need to replace inventory at the same level as
in 1999.  Management believes the amount of its inventory that
may be considered obsolete or slow moving is properly reserved
and that Cirtran will be able to maintain a gross profit of at
least 15% through the remainder of 2000 based on current prices
for assembled circuit boards and the cost of inventory.

     During the nine-month periods ended September 30, selling,
general and administrative expenses for 2000 were $2,070,028,
versus $2,799,306 for 1999, a 26% decrease.  The change in
marketing

                                9
<PAGE>

 strategy to small and medium sized clients enabled Cirtran to
reduce staff, especially in the areas of mid-level management and
assembly staff, and to implement other cost savings measures.
Management believes that a significant portion of the losses in
1999 are attributable to expenses related to opening and
subsequently closing of Cirtran's Colorado Springs facility.  The
Colorado Springs facility was opened in November of 1998 and a
decision to close the facility was made in June of 1999.  The
closing process was completed in February of 2000.  The foregoing
cost savings measures account for the reduction in operating
expenses for the nine months ended September 30 2000 as compared
to 1999.

     Interest expense for the nine months ended September 30,
2000 was $326,537 as compared to $511,122 for the comparable
period in 1999.  The 36% decrease in interest expense is
attributable to the reduction in Citran's interest bearing
liabilities from approximately $5,700,000 at September 30, 1999,
to approximately $4,800,000 at September 30, 2000.

     As a result of the above factors, the overall net loss
decreased 60% to $1,350,372 for the nine months ended September
30, 2000 as compared to $3,374,455 for the nine months ended
September 30, 1999.  For the three months ended September 30,
2000, Cirtran realized earnings of $160,583 as compared to a loss
of $927,068 for the comparable period in 1999.

Liquidity and Capital Resources

     Cirtran's current ratio during the nine months ended
September 30, 2000 improved to 0.6:1 from 0.5:1 at September 30,
1999.  The primary reason for the improvement was the reduction
of current liabilities from $10,667,356 at September 30, 1999, to
$8,593,144 at September 30, 2000.  Nevertheless, Cirtran has a
working capital deficit of $3,305,634 at September 30, 2000, and
has recognized a net loss from operations through 1999 and the
first nine months of 2000, although Cirtran did have net earnings
of $160,583 for the three months ended September 30, 2000.  These
factors raise substantial doubt about the ability of Cirtran to
continue as a going concern.

     To address this issue, plans on working with vendors to
convert approximately 80 percent of trade payables into long-term
notes and common stock and cure defaults with lenders through
forbearance agreements that the Company will be able to service.
Also, Abacus Ventures, Inc., purchased the Company's line of
credit from the lending institution and, based on certain
criteria, has indicated its willingness to exchange the debt for
common stock.  If successful, these plans will add significant
equity to the Company.  During the quarter ended September 30,
2000, Cirtran successfully extended payment terms on $199,647 of
trade payable to monthly installments of $6,256 over a term of 32
months with interest accruing at the rate of 8% per annum.
Following the end of the quarter, Cirtran extended payment terms
on an additional $97,259 of trade payables with one creditor.  It
settled $646,283 of trade payables with another creditor by
paying $83,000 in cash, issuing a non-interest bearing note in
the principal amount of $166,000 due in two installments in
December 2000 and March 2001, issuing a promissory note in the
principal amount of $73,000 bearing interest at 6% per annum
payable in 18 monthly installments, and converting the remaining
$324,283 to 352,070 shares of common stock.  Cirtran will
continue to purse these restructuring efforts to improve its
financial condition, but there is no assurance that management
will be successful in these efforts.

Year 2000 Compliance

   Cirtran experienced no significant disruptions in mission
critical information technology and manufacturing systems and
believes those systems successfully responded to the Year 2000
date change.  The costs associated with Year 2000 compliance were
nominal.  Cirtran is not aware of any material

                               10
<PAGE>

problems resulting from Year 2000 issues with its internal
systems or the services of third parties.  Cirtran will continue
to monitor its mission critical computer applications and those
of its supplier and vendors throughout the year to ensure that
any latent Year 2000 matters that may arise are addressed
properly.

Forward-Looking Statements

     The Private Securities Litigation Reform Act of 1985
provides a safe harbor for forward-looking statements made by
Cirtran, except where such statements are made in connection with
an initial public offering.  All statements, other than
statements of historical fact, which address activities, actions,
goals, prospects, or new developments that Cirtran expects or
anticipates will or may occur in the future, including such
things as improvement in results of operations and other such
matters are forward-looking statements.  Any one or a combination
of factors could materially affect Cirtran's operations and
financial condition.  These factors include competitive
pressures, success or failure of marketing programs, changes in
pricing and availability of parts inventory, creditor actions,
and conditions in the capital markets.  Forward-looking
statements made by Cirtran are based on knowledge of its business
and the environment in which it operates as of the date of this
report.  Because of the factors listed above, as well as other
factors beyond its control, actual results may differ from those
in the forward-looking statements.

                   PART II.  OTHER INFORMATION

Item 2.  Changes in Securities and Use of Proceeds

     On July 1, 2000, Cirtran issued 10,000,000 shares of its
common stock to acquire substantially all of the assets of
Circuit Technology, Inc., a Utah corporation ("CTI"), through the
Cirtran's wholly owned subsidiary, CTI Systems, Inc. ("CTSI"),
which is now the operating subsidiary of the Company.  The shares
issued to CTI represent approximately 99% of the issued and
outstanding common stock of the Company immediately following the
acquisition.  The shares were issued in reliance on the exemption
from registration set forth in Section 4(2) of the Securities Act
of 1933, based on the Company's belief that CTI was an accredited
investor.  Prior to the transaction, management of CTI was given
full access to all information on the Company to enable it to
make an informed investment decision.  CTI paid 800,000 of the
shares received to Cogent Capital Corp. for services performed in
facilitating the transaction.

Item 4.  Submission of Matters to a Vote of Security Holders

     By majority written consent dated July 6, 2000, signed by
the holders of 9,200,000 shares of the 10,143,567 shares of
common stock outstanding, the stockholders approved the following
matters:

     1.   Amendment of Cirtran's articles of incorporation to:

           (a) Change  the name of the corporation  to  CirTran
               Corporation;

           (b) Add the following paragraph

               The  Corporation elects not to be governed by  the
               terms  and  provisions of Sections 78.378  through
               78.3793,  inclusive, and Sections  78.411  through
               78.444, inclusive, of the Nevada Revised Statutes,
               as   the  same  may  be  amended,  superseded,  or
               replaced  by  any successor section,  statute,  or
               provision.  No

                               11
<PAGE>

               amendment  to  these  Articles  of  Incorporation,
               directly or indirectly, by merger or consolidation
               or  otherwise,  having the effect of  amending  or
               repealing  any of the provisions of this paragraph
               shall   apply  to  or  have  any  effect  on   any
               transaction  involving acquisition of  control  by
               any  person  or any transaction with an interested
               stockholder  occurring prior to such amendment  or
               repeal.

          (c)  Add the following paragraph

               A  director  or  officer of the Corporation  shall
               have  no personal liability to the Corporation  or
               its   stockholders  for  damages  for  breach   of
               fiduciary  duty  as a director or officer,  except
               for damages for breach of fiduciary duty resulting
               from   (a)   acts   or  omissions  which   involve
               intentional  misconduct,  fraud,  or   a   knowing
               violation  of law, or (b) the payment of dividends
               in  violation  of  section 78.300  of  the  Nevada
               Revised  Statutes as it may from time to  time  be
               amended or any successor provision thereto.

      2.    Adopt new Bylaws for Cirtran; and

      3.    Elect  Iehab  J.  Hawatmeh as the  sole  director  of
Cirtran.

Item 6.  Exhibits and Reports on Form 8-K.

     Reports on Form 8-K:  On July 14, 2000, Cirtran filed a
report on Form 8-K reporting under Items 1, 2, and 5 the
acquisition of the assets of Circuit Technology, Inc., and the
resulting change in control, and certain amendments to Cirtran's
articles of incorporation.  This report was amended on October 5,
2000, through the filing of Amendment No. 1 that reported under
Item 7 the financial statements pertaining to the acquisition,
including the following:

     1.   Circuit Technology Corporation and Subsidiary
          Unaudited Consolidated Financial Statements, June 30,
          2000 and 1999

     2.   Circuit Technology Corporation and Subsidiary
          Audited Consolidated Financial Statements, December 31,
          1999 and 1998

     3.   Unaudited Combined Pro Forma Financial Statements

     Exhibits:  Included only with the electronic filing of this
report is the Financial Data Schedule for the nine-month period
ended September 30, 2000 (Exhibit ref. No. 27).

                           SIGNATURES

     In accordance with the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned
thereunto duly authorized.

                              CIRTRAN CORPORATION

Date: November 17, 2000       By: /s/ Iehab J. Hawatmeh, President

                               12
<PAGE>