Business
Falken Industries Expands Worldwide Reach to Middle East
Falken Industries Expands Worldwide Reach to Middle East.
About this update from Falken Industries Ltd
[{"type":"text","content":"FALKEN INDUSTRIES LTD – Clean Plus® Product Group today announced a confirmed relationship with a Saudi Arabian distributor for its Clean Plus® Premi um and Professional auto care lines. Falken Industries signed a stand-by agreement with this major Saudi Arabian distributor for the Clean Plus® Premium and Professional auto care lines. This agreement will lead to a Strategic Alliance Agreement that guarantees annual purchases by the Distributor of 390.000 € ($521,000) for five years. Both parties look forward to building a strong and lasting commercial relationship. Saudi Arabia possesses 25% of the world's oil reserves and is its largest exporter. With high oil revenues, the government intends to establish six \"economic cities\" in order to promote development and diversification. It is a prosperous time and Falken Industries expects great things from this new endeavor.This is Falken Industries’ first significant Middle Eastern partnership. New Business Development and Sales Officer, Andrew Eakin, is confident in the products’ performance, “We expect to receive the same positive feedback we always receive for our Clean Plus® products.”About Falken Industries Ltd:Falken Industries Ltd OTC : FLKI is a diversified industrial conglomerate that operates in Chemicals, Wet Wipe and Biodegradable Technology. Falken Industries Ltd is the concept behind more than 160 products distributed through a network of global platforms and the recipient of trade awards for innovations, biodegradability and environmental and health quality standards. Disclosure:This press release includes statements that may constitute \"forward-looking\" statements, usually containing the words \"believe\", \"estimate\", \"project\", \"expect\" or similar expressions. These statements are made, to the extent relevant, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new produc...