THE COMPANY CONTINUES TO ADD NEW BUSINESS ACROSS ALL MARKETS
FALKEN INDUSTRIES LTD (OTC : FLKI), a leading provider of product concepts for the consumer, professional and industrial segments of the chemical and wet wipe industries and with global distribution for auto-care products and chemicals, today announced an expansion of the Company's business relationships, including that with the Clean Plus® Product Group a worldwide leadership brand.
This addition of ten countries and segments extends the services and product concepts of the Company to core market areas and 37 locations closing the gap for greater logistic efficiency and unprecedented economies of scale.
The Company also confirmed a number of other expansions and/or new business interests in the industrial, professional, refining/petrochemical and oil field product, vehicular care and automotive after-market industries.
Manuel Garcia, Communications Officer stated, "We are extremely pleased with the pace of expansion of existing customer relationships into new markets and of new customer signings. In particular, we continue to add business in new markets as the after-market industry increasingly recognizes the value our innovative research and product conceptions and the positive financial impact that they can have on the operating efficiencies and costs of their distribution activities. We are further pursuing significant expansions and new business opportunities with a number of large, national providers in the automobile after-market service industries."
Garcia continued, "We are also making significant customer additions to our private label product lines thus increasing our market share and presence."
Garcia concluded, "While our customers continue to be impacted by the current recession and difficult economic time, we are currently experiencing stable demand from our historical customers for our product and brand. Accordingly, we expect that any future improvement in the economy should result in a positive impact on our financial performance beyond the value added by the existing customer expansions and new customer additions we have achieved even in the current environment."
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.
SAFE HARBOR STATEMENT: This news release contains "forward-looking statements" made pursuant to the safe harbor provisions of the 1995 Private Securities Litigation Reform Act. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." Such statements are subject to risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that our products may not achieve customer acceptance or perform as intended, that we may be unable to obtain necessary financing to continue operations and development, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.