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 June 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. 0-26059

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

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

       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 [  ]

APPLICABLE  ONLY  TO  ISSUERS INVOLVED IN BANKRUPTCY  PROCEEDINGS
DURING THE PRECEDING FIVE YEARS:

Check  whether the registrant has filed all documents and reports
required to be filed by Sections 12, 13, or 15(d) of the Exchange
Act  subsequent to the distribution of securities  under  a  plan
confirmed by a court. Yes [  ]  No  [  ]

APPLICABLE ONLY TO CORPORATE ISSUERS:

State  the  number of shares outstanding of each of the  issuer's
classes  of common equity, as of July 31, 2000 10,143,567  shares
of common stock.

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

<PAGE>

                           FORM 10-QSB
                       CIRTRAN CORPORATION

                              INDEX
                                                       Page
PART I.   Financial Information                           3

          Accountants' Review Report                      3

          Unaudited Condensed Balance Sheets
            June 30, 2000 and December 31, 1999           4

          Unaudited Condensed Statements of
          Operations, for the three and six months
          ended June 30, 2000 and 1999 and from the
          re-entering of development stage on
          January 1, 1996 through June 30, 2000           5

          Unaudited Condensed Statements of Cash
          Flows, for the six months ended June
          30, 2000 and 1999 and from the re-entering
          of development stage on January 1, 1996
          through June 30, 2000                           6

          Notes  to  Unaudited Condensed  Financial
          Statements                                      7

          Management's Discussion and  Analysis  of
          Financial Condition                            11

PART II.  Other Information                              13


          Exhibits and Reports on Form 8-K               13

          Signatures                                     13

                                2
<PAGE>

                             PART I.
                      Financial Information

                   ACCOUNTANTS' REVIEW REPORT



Board of Directors
CIRTRAN CORPORATION
(Formerly Vermillion Ventures, Inc.)
Salt Lake City, Utah

We  have  reviewed  the accompanying condensed balance  sheet  of
Cirtran Corporation [a development stage company] (formerly known
as  Vermillion  Ventures, Inc.) as of  June  30,  2000,  and  the
related condensed statements of operations and for the three  and
six  months ended June 30, 2000 and for the period from  the  re-
entering of development stage on January 1, 1996 through June 30,
2000  and  the statements of cash flows for the six months  ended
June  30,  2000 and 1999, and for the period from the re-entering
of  development stage on January 1, 1996 through June  30,  2000.
All  information  included in these financial statements  is  the
representation of the management of Cirtran Corporation

We  conducted our review in accordance with standards established
by  the  American Institute of Certified Public  Accountants.   A
review consists principally of inquiries of Company personnel and
analytical   procedures  applied  to  financial  data.    It   is
substantially  less  in scope than an audit  in  accordance  with
generally accepted auditing standards, the objective of which  is
the  expression of an opinion regarding the financial  statements
taken  as  a  whole.   Accordingly, we do  not  express  such  an
opinion.

Based   on   our  review,  we  are  not  aware  of  any  material
modifications  that  should be made to  the  condensed  financial
statements  reviewed by us, in order for them to be in conformity
with generally accepted accounting principles.

The   accompanying  condensed  financial  statements  have   been
prepared  assuming the Company will continue as a going  concern.
As  discussed in Note 7 to the financial statements, the  company
has no on-going operations, has incurred substantial losses since
its  inception, has liabilities in excess of assets  and  has  no
working capital.  These factors raise substantial doubt about its
ability  to continue as a going concern.  Management's  plans  in
regards  to  these matters are also described  in  Note  7.   The
financial  statements do not include any adjustments  that  might
result from the outcome of these uncertainties.




PRITCHETT, SILER & HARDY, P.C.

August 16, 2000
Salt Lake City, Utah

                                3
<PAGE>

                       CIRTRAN CORPORATION
          (Formerly Known As Vermillion Ventures, Inc.)
                  [A Development Stage Company]


                    CONDENSED BALANCE SHEETS

          [Unaudited - See Accountants' Review Report]

                             ASSETS

                                           June 30,  December 31,
                                             2000         1999
                                         ___________  ___________
CURRENT ASSETS:
  Cash in bank                            $        -   $        -
                                         ___________  ___________
        Total Current Assets                       -            -
                                         ___________  ___________
                                          $        -   $        -
                                         ________________________

             LIABILITIES AND STOCKHOLDERS' (DEFICIT)

CURRENT LIABILITIES:
   Accounts payable                       $    2,713        2,309
                                          ___________  ___________
        Total Current Liabilities              2,713        2,309
                                         ___________  ___________

COMMITMENTS AND CONTINGENCIES                      -            -
                                         ___________  ___________
STOCKHOLDERS' (DEFICIT):
  Common stock, $.001 par value,
   500,000,000 shares authorized,
   143,567 and 116,044 shares issued
   and outstanding, respectively                 143          116
  Capital in Excess of Par                    29,073       22,424
  Retained deficit (since Quasi-
   Reorganization in which a deficit of
   $703,761, as of January 1, 1996
   was eliminated)                                 -            -
  Deficit accumulated during the
   development stage                         (31,929)     (24,849)
                                         ___________  ___________

Total Stockholders' (Deficit)                 (2,713)      (2,309)
                                         ___________  ___________
                                          $        -   $        -
                                         ________________________

Note: The balance sheet at December 31, 1999 was taken from the
audited financial statements at that date and condensed.

 The accompanying notes are an integral part of these unaudited
                 condensed financial statements.

                                4
<PAGE>

                       CIRTRAN CORPORATION
          (Formerly Known As Vermillion Ventures, Inc.)
                  [A Development Stage Company]



               CONDENSED STATEMENTS OF OPERATIONS

          [Unaudited - See Accountants' Review Report]


                                                           Cumulative From
                                                         the Re-entering of
                          For the Three     For the Six   Development Stage
                           Months Ended     Months Ended    on January 1,
                             June 30,         June 30,       1996 through
                      ___________________________________      June 30,
                         2000      1999      2000     1999       2000
                     __________________________________________________
REVENUE:
  Sales               $    -   $    -    $      -   $    -      $   -
                     __________________________________________________
  Total Revenue            -        -           -        -          -
                     __________________________________________________

EXPENSES:
 General and
  administrative       7,080        -       7,080        -     31,929
                     __________________________________________________

 Total Expenses        7,080        -       7,080        -     31,929
                     __________________________________________________

(LOSS) FROM
  OPERATIONS          (7,080)       -      (7,080)       -    (31,929)

CURRENT INCOME TAXES       -        -           -        -          -

DEFERRED INCOME TAX        -        -           -        -          -
                     __________________________________________________

NET (LOSS)          $ (7,080)   $   -    $ (7,080)  $    -  $ (31,929)
                    _______________________________________________________

(LOSS) PER SHARE    $   (.06)   $   -    $   (.06)  $    -  $    (.33)
                    _______________________________________________________



 The accompanying notes are an integral part of these unaudited
                 condensed financial statements.

                                5
<PAGE>

                       CIRTRAN CORPORATION
          (Formerly Known As Vermillion Ventures, Inc.)
                  [A Development Stage Company]

               CONDENSED STATEMENTS OF CASH FLOWS

          [Unaudited - See Accountants' Review Report]

                                                              Cumulative from
                                                            the Re-entering of
                                                             Development Stage
                                       For the Six months      on January 1,
                                         Ended June 30,        1996 through
                                    _______________________      June 30,
                                         2000       1999           2000
                                    ________________________________
Cash Flows From Operating Activities:
Net loss                               $(7,080)   $     -      $ (31,929)
Adjustments to reconcile net loss to
 net cash used by operating activities:
 Stock Issued for services                 200          -         20,200
 Contributed Capital                     1,196          -          3,736
 Stock issued for expenses paid on
  behalf of Company by shareholder       5,280          -          5,280
 Changes in assets and liabilities:
 Increase in accounts payable              404          -          2,713
                                     ________________________________
Net Cash (Used) by Operating Activities      -          -              -
                                     ________________________________
Cash Flows From Investing Activities:
                                             -          -              -
                                     ________________________________
 Net Cash (Used) by Investing Activities     -          -              -
                                     ________________________________
Cash Flows From Financing Activities:
                                             -          -              -
                                     ________________________________
 Net Cash Provided by Financing Activities   -          -              -
                                     ________________________________
Net Increase in Cash                         -          -              -

Cash at Beginning of the Year                -          -              -
                                     ________________________________
Cash at End of the Year               $      -   $      -      $       -
                                     ___________________________________
Supplemental Disclosures of Cash Flow Information:

  Cash paid during the period for:
    Interest                          $      -   $      -      $       -
    Income taxes                      $      -   $      -      $       -

Supplemental Schedule of Noncash Investing and Financing
Activities:
  For the three months ended June 30, 2000:
  The Company issued 25,333 shares of common stock to a related
  party for expenses of $5,280 paid on behalf of the Company by the
  related party and also issued 2,000 shares for services rendered,
  valued at $200.

     For the three months ended June 30, 1999:     None

 The accompanying notes are an integral part of these unaudited
                 condensed financial statements.

                                6
<PAGE>

                       CIRTRAN CORPORATION
          (Formerly Known As Vermillion Ventures, Inc.)
                  [A Development Stage Company]

             NOTES TO CONDENSED FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

  Organization - Cirtran Corporation  (formerly known as Vermillion
  Ventures, Inc.) (the Company) was organized under the laws of the
  State  of  Nevada on March 23, 1987.  The Company was  formed  to
  acquire  other operating corporate entities.  On March  15,  1988
  The  Company  acquired  all  of  the  outstanding  stock  of  BMC
  Incorporated (BMC) by issuing 129,000,000 shares of common stock.
  BMC  was  unsuccessful in its satellite bingo operations and  was
  dissolved.  During 1996, Management determined it was in the best
  interest  of  the Company to discontinue its previous operations.
  The   Company  is  considered  to  have  re-entered  into  a  new
  development  stage  on  January 1,  1996.   Because  the  Company
  discontinued its previous operations and is seeking new potential
  business  opportunities, the Company adopted quasi-reorganization
  accounting procedures to provide the Company a "fresh-start"  for
  accounting purposes.

  Condensed  Financial  Statements -   The  accompanying  financial
  statements have been prepared by the Company without  audit.   In
  the  opinion  of management, all adjustments (which include  only
  normal  recurring  adjustments) necessary to present  fairly  the
  financial position, results of operations and cash flows at  June
  30, 2000 and 1999 and for the periods then ended have been made.

  Certain information and footnote disclosures normally included in
  financial   statements  prepared  in  accordance  with  generally
  accepted  accounting principles have been condensed  or  omitted.
  It is suggested that these condensed financial statements be read
  in  conjunction with the financial statements and  notes  thereto
  included  in  the  Company's December 31, 1999 audited  financial
  statements.  The results of operations for the periods ended June
  30,  2000 are not necessarily indicative of the operating results
  for the full year.

  Development Stage - The Company is considered a development stage
  company as defined in SFAS no. 7.

  Loss  Per  Share  - The computation of loss per share  of  common
  stock   is  based  on  the  weighted  average  number  of  shares
  outstanding  during  the periods presented,  in  accordance  with
  Statement  of  Financial Accounting Standards No. 128,  "Earnings
  Per Share" [See Note 9].

  Cash and Cash Equivalents - For purposes of the statement of cash
  flows,  the  Company considers all highly liquid debt investments
  purchased  with  a maturity of three months or less  to  be  cash
  equivalents.

  Accounting Estimates - The preparation of financial statements in
  conformity with generally accepted accounting principles required
  management  to  make estimates and assumptions  that  effect  the
  reported  amounts of assets and liabilities, the  disclosures  of
  contingent  assets and liabilities at the date of  the  financial
  statements,  and  the reported amounts of revenues  and  expenses
  during  the  reporting period.  Actual results could differ  from
  those estimated by management.

                                7
<PAGE>

                       CIRTRAN CORPORATION
          (Formerly Known As Vermillion Ventures, Inc.)
                  [A Development Stage Company]

             NOTES TO CONDENSED FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Continued]

  Recently  Enacted Accounting Standards - Statement  of  Financial
  Accounting Standards (SFAS) No. 132, "Employer's Disclosure about
  Pensions  and  Other  Postretirement  Benefits",  SFAS  No.  133,
  "Accounting  for Derivative Instruments and Hedging  Activities",
  SFAS  No. 134, "Accounting for Mortgage-Backed Securities.", SFAS
  No.  135,  "Rescission  of FASB Statement No.  75  and  Technical
  Corrections", SFAS No. 136, "Transfers of Assets  to  a  not  for
  profit  organization  or charitable trust that  raises  or  holds
  contributions  for  others", and SFAS No.  137,  "Accounting  for
  Derivative Instruments and Hedging Activities - deferral  of  the
  effective date of FASB statement No. 133 ( an amendment  of  FASB
  Statement  No. 133.)," were recently issued.  SFAS No. 132,  133,
  134,  135,  136  and  137 have no current  applicability  to  the
  Company  or  their effect on the financial statements  would  not
  have been significant.

NOTE 2 - QUASI-REORGANIZATION

  In  May  2000  the  shareholders of the  Company  adopted  quasi-
  reorganization   accounting   procedures.    Quasi-reorganization
  accounting allowed the Company to eliminate its previous retained
  (deficit)   of  $701,761  against  additional  paid-in   capital.
  Therefore,   the  adoption  of  quasi-reorganization   accounting
  procedures  gave  the  Company  a "fresh  start"  for  accounting
  purposes.   The Company is also considered as re-entering  a  new
  development stage on January 1, 1996, as it discontinued  all  of
  its  previous bingo operations.  These financial statements  have
  been restated to reflect the change.

NOTE 3 - INCOME TAXES

  The   Company  accounts  for  income  taxes  in  accordance  with
  Statement  of Financial Accounting Standards No. 109  "Accounting
  for  Income Taxes" which requires the liability approach for  the
  effect of income taxes.

  The Company has available at June 30, 2000, unused operating loss
  carryforwards  of  approximately $31,900, which  may  be  applied
  against  future taxable income and which expire in various  years
  through  2019.   If certain substantial changes in the  Company's
  ownership  should occur, there could be an annual  limitation  on
  the  amount  of  net operating loss carryforwards  which  can  be
  utilized.  The amount of and ultimate realization of the benefits
  from the operating loss carryforwards for income tax purposes  is
  dependent,  in  part,  upon the tax laws in  effect,  the  future
  earnings  of the Company and other future events, the effects  of
  which   cannot   be  determined.   Because  of  the   uncertainty
  surrounding the realization of the loss carryforwards the Company
  has established a valuation allowance equal to the tax effect  of
  the  loss carryforwards (approximately $11,800) at June 30,  2000
  and, therefore, no deferred tax asset has been recognized for the
  loss  carryforwards.   The change in the valuation  allowance  is
  equal  to  the  tax  effect  of the  current  period's  net  loss
  (approximately $3,400 for the six months ended June 30, 2000).

                                8
<PAGE>

                       CIRTRAN CORPORATION
          (Formerly Known As Vermillion Ventures, Inc.)
                  [A Development Stage Company]

             NOTES TO CONDENSED FINANCIAL STATEMENTS

NOTE 4 - COMMON STOCK

On  April  29,  1997  the company issued 666,667  shares  of  its
previously  authorized  but unissued common  stock  for  services
rendered  valued  at  $20,000 (or $.30  per  share).   The  stock
issuance resulted in a change of control of the Company.

  In  May  2000, the Company issued 190 fractional shares related
  to the 1 for 3,000 reverse stock split.

  In   June  2000,  the  Company  issued  2,000  shares  of   its
  previously  authorized, but unissued common stock for  services
  rendered valued at $200 (or $.10 per share).

  In   June  2000,  the  Company  issued  25,333  shares  of  its
  previously  authorized, but unissued common stock for  expenses
  paid  by  shareholder on behalf of Company totaling $5,280  (or
  $.21 per share).

NOTE 5 - RELATED PARTY TRANSACTIONS

  Management  Compensation  -  During the  periods  presented,  the
  Company  did  not  pay  any  compensation  to  its  officers  and
  directors.

  Office  Space  -  The Company has not had a need to  rent  office
  space.   An  officer/shareholder of the Company is  allowing  the
  Company to use his office as a mailing address, as needed, at  no
  expense to the Company.

  Capital Contributions - A shareholder paid expenses on behalf  of
  the Company, of $1,196 in 2000, $2,440 in 1999, and $100 in 1996.
  These have been accounted for as contributions to capital.

NOTE 6 - COMMENTS AND CONTINGENCIES

  Management  believes  that the Company  is  not  liable  for  any
  existing   liabilities   related  to  its   former   discontinued
  operations.  The Company is not currently named nor is  it  aware
  of any such claims or suits against the Company.  No amounts have
  been  reflected or accrued in these financial statements for  any
  contingent liability.

NOTE 7 - GOING CONCERN

  The  accompanying  financial statements  have  been  prepared  in
  conformity  with generally accepted accounting principles,  which
  contemplate  continuation  of the Company  as  a  going  concern.
  However,  the Company has no on-going operations and has incurred
  losses  since  its inception.  Further, the Company  has  current
  liabilities in excess of assets and has no working capital to pay
  its  expenses.  These factors raise substantial doubt  about  the
  ability  of the Company to continue as a going concern.  In  this
  regard, management is proposing to raise any necessary additional
  funds  not provided by operations through loans or through  sales
  of  its  common stock or through a possible business  combination
  with  another  company.  There is no assurance that  the  Company
  will  be  successful  in  raising  this  additional  capital   or
  achieving profitable operations.  The financial statements do not
  include  any  adjustments that might result from the  outcome  of
  these uncertainties.

                                9
<PAGE>

                       CIRTRAN CORPORATION
          (Formerly Known As Vermillion Ventures, Inc.)
                  [A Development Stage Company]

             NOTES TO CONDENSED FINANCIAL STATEMENTS

NOTE 8 - SUBSEQUENT EVENTS

  During  July  2000, pursuant to the close of an asset  purchase
  agreement  with  Circuit Technology Inc.,  the  Company  issued
  10,000,000 shares of common stock.

  In  July  2000  the  Company changed its name  from  Vermillion
  Ventures,  Inc. to Cirtran Corporation.  This name  change  has
  been reflected in these financial statements.

NOTE 9 - EARNINGS (LOSS) PER SHARE

  The  following  data  show the amounts used in  computing  income
  (loss)  per  share  and  the effect on income  and  the  weighted
  average  number of shares of dilutive potential common stock  for
  the  three months ended June 30, 2000 and 1999 and for the period
  from  the  re-entering of development stage on  January  1,  1996
  through June 30, 2000:


                                                              Cumulative From
                                                            the Re-entering of
                               For the Three   For the Six  Development Stage
                               Months Ended   Months Ended    on January 1,
                                 June 30,       June 30,      1996 through
                            ___________________________________ June 30,
                               2000     1999   2000    1999       2000
                            __________________________________________________

Loss from continuing
 operations available to
 common stockholders
 (numerator)                $(7,080)   $   -  $(7,080)  $   -   $ (31,929)
                     __________________________________________________
Weighted average number of
 common shares outstanding
 used in earnings per share
 during the period
 (denominator)              122,542  116,044  119,388  116,044    96,877
                     __________________________________________________

  Dilutive earnings per share was not presented, as the Company had
  no  common equivalent shares for all periods presented that would
  effect the computation of diluted earnings (loss) per share.

                               10
<PAGE>

             MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                       FINANCIAL CONDITION

Forward-Looking Statement Notice

     When used in this report, the words "may," "will," "expect,"
"anticipate," "continue," "estimate," "project," "intend," and
similar expressions are intended to identify 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 regarding events, conditions, and financial trends that may
affect the Company's future plans of operations, business
strategy, operating results, and financial position.  Persons
reviewing this report are cautioned that any forward-looking
statements are not guarantees of future performance and are
subject to risks and uncertainties and that actual results may
differ materially from those included within the forward-looking
statements as a result of various factors.

Recent Acquisition

     On July 1, 2000, the Company acquired substantially all of
the assets of Circuit Technology, Inc., a Utah corporation
("CTI"), through the Company's wholly owned subsidiary, CTI
Systems, Inc. ("CTSI"), which is now the operating subsidiary of
the Company.  As a result, the Company is now engaged in the
business of assembling complex printed circuit boards and other
electronic assemblies and providing related component part
production services to OEM manufacturers of electronic equipment
for a wide variety of business applications.  The purchase price
for CTI paid at closing consists of the assumption of certain CTI
liabilities and 10,000,000 shares of common stock of the Company.
The final dollar amount of the purchase price will be determined
on the basis of the CTI balance sheet as of June 30, 2000, which
is in the process of being prepared.  The purchase price was
determined through arms-length negotiations between the Company
and CTI on the basis of the tangible assets of CTI and the
goodwill associated with the business.  The principal owners of
CTI, Iehab J. Hawatmeh, Raed Hawatmeh, Roger Kokozyon, and the
Saliba Private Trust, were not affiliated or associated with the
Company or its affiliates prior to the acquisition.

     Prior to the acquisition, the Company was not engaged in any
active business operations.  Consequently, the financial
information presented in this report for the six-month periods
ended June 30, 2000 and 1999, do not reflect the effect of the
acquisition and are not indicative of the operations or financial
condition of the Company going forward.

Results of Operations

Six Months periods Ended June 30, 2000 and 1999

     The Company had no revenue from continuing operations for
the periods ended June 30, 2000 and 1999.

     General and administrative expenses for the six month
periods ended June 30, 2000 and 1999, consisted of general
corporate administration, legal and professional expenses, and
accounting and auditing costs.  These expenses were $7,080 and $0
for the six-month periods ended June 30, 2000 and 1999,
respectively.

     As a result of the foregoing factors, the Company realized a
net loss of $7,080 for the six months ended June 30, 2000, and no
gain or loss for the same period in 1999.

                               11
<PAGE>

Liquidity and Capital Resources

     At June 30, 2000, the Company had a working capital deficit
of $2,713, as compared to a deficit of $2,309 at December 31,
1999.  The working capital needs of the Company changed
substantially as a result of the acquisition of CTI in July 2000.

                   PART II.  OTHER INFORMATION

Exhibits and Reports on Form 8-K.

     Reports on Form 8-K:  No reports on Form 8-K were filed by
the Company during the quarter ended June 30, 2000.

     Exhibits: Included only with the electronic filing of this
report is the Financial Data Schedule for the six-month period
ended June 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: August 21, 2000         By: /s/ Iehab J. Hawatmeh, President

                               12
<PAGE>