Global Sales of Professional and Consumer Car Care Products Are Projected to Explode Over The Next Two Years
26 Gennaio 2011 - 6:22PM
Marketwired
Falken Industries Ltd (OTCBB: FLKI) -
Spokesman Manuel Garcia, communication officer at today's
afternoon press conference stated :"The worst is over for those of
our distributors that survived the crash of 2009 when vehicle sales
- and with them car care products - crashed to their lowest level
in almost three decades. But, things are looking up and right at
the top is the Clean Plus® product group."
Clean Plus® is the best known branded product conception of
Falken Industries Ltd a comparatively small (market cap $ 12 000
000) but immensely successful product developer trading publicly
under symbol FLKI.
The benchmark new light vehicle auto sales in December rose 11%
year to year with Clean Plus® accessories and car care rising 19%.
Both reports were well ahead of expectations. This bodes well for
the industry and particularly so for FLKI.
The Clean Plus® global distribution network - see for example
www.cleanplus.com is expected to greatly benefit from these
projections with corresponding benefits on FLKI's product
conception revenue stream.
Garcia added : "FLKI's share price performed well in 2010 and is
forecast to perform strongly in 2011 and the company is poised to
profit from rising distributor sales."
Distributors of Clean Plus® product lines maintain a
fundamentals outlook for Clean Plus® sales as very positive
reflecting the obvious that sales prospects are improving and the
worst is behind them.
New product conceptions, including solid contracts for AUS 32
markets suggest substantial higher volumes which will drive FLKI
and its distribution's profits and cash flows. With a pipeline of
new products promising introductions at least through 2013 FLKI is
well ahead of its industry competitors.
Garcia concluded: "In our view, FLKI enters 2011 with strong
fundamentals and justified optimism making our stock attractive,
notably while still at these battered levels of under 20
cents."
About Falken Industries Ltd:
Falken Industries Ltd (OTCBB: 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.
Contacts: Falken Industries Ltd Manuel Garcia Communications
Officer +1609 357 0316 mgarciafaure@falkenltd.com
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