Falken Industries Ltd (OTCBB: FLKI) Plans Major Expansion in Overseas Distribution
June 01 2011 - 8:59AM
Marketwired
Falken's (OTCBB: FLKI) is a leading worldwide developer of chemical
and wipe products with its best known brand conception operated by
the Clean Plus® international product group. "The company will be
focusing on a significant expansion of its already well established
global distribution network, targeting in 2011 and 2012 expansions
in the Middle East, South America, South Africa and the
Commonwealth of Independent States including Russia," a top company
official said on Tuesday.
"We are looking at expanding our global distribution in these
four regions through super distribution, joint ventures or
partnerships, we are also open and ready for small to medium sized
acquisitions," said Helle Madso, president while addressing a group
of institutional shareholders at the company's offices.
Maintaining that Falken would focus on its globally established
primary brands - Clean Plus® and Bianci® - Madso added: "We will be
focusing on adding value to products."
The company earns 60 percent of its revenue base on non-European
operations.
Apart from its expanding global plans, Falken's regional focus
will be on brands like HandyMan®, Plumbo®, Winglass®, Grimex®, with
substantial promotional efforts to expand the presence of Clean
Plus® "Premium" and Bianci® "Classic" in major chains.
The company also expects its prices to readily support a margin
exploding increase. While the company is extremely well hedged
against the rise in commodity and other raw materials, prices will
go up solidifying and enhancing the company's already remarkable
45% reported margins. The company is able to increase prices while
easily besting its competitors because of its reputed cost
efficiencies.
"So we are looking at expanding operations and adding value for
customers," said Manuel Garcia, communications officer emphasizing
that Falken was no longer just a car care and accessory company, he
added: "It is a company in chemicals and wipe productions and its
pioneering conceptual models and capacities are supported with
creative leads in top-tier facilities, and with teams inspiring a
creative atmospheres encouraging the development of compelling new
original products able to service the small as well as the
extraordinary large customer with the utmost logistical and price
efficiencies."
Garcia concluded: "Falken is committed to extending its
leadership in the chemical, wet wipe and new product development
categories, maximizing the profitability in its licensed business,
aggressively addressing new audiences and extending its brands
worldwide and online. The strategic mix of internally created and
externally licensed product portfolios makes Falken highly
adaptable and well balanced."
About Falken Industries Ltd:
Falken Industries Ltd (OTCBB: FLKI) www.falkenltd.com is an
increasingly 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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