FALKEN Continues its Rapid Growth With Q1 2012 Revenues Increasing More Than 30% Over Q4 2011 and Record Profits
May 03 2012 - 12:35PM
Marketwired
FALKEN Industries Ltd (www.falkenltd.com) (OTCBB:FLKI) announced
today that revenues for the 1Q 2012 were up more than 30% quarter
over quarter with record profits achieved. Falken said after its YE
2011 results that it expected to achieve record revenue growth in
2012. Revenues for 2012 are currently trending well above 2011
continuing the rapid growth projected for the company. In 2011, the
company recorded strong earnings of .0114 per share. These results
have been achieved without the addition of any new distribution
revenue centers in the quarter and are attributed to organic growth
across its existing distribution network and direct professional
truck, car and detailing product businesses. FALKEN expects to add
a minimum of two (2) new Super Distribution revenue centers in each
of Q2 and 3 2012.
The trend for revenue growth for the company is not expected to
change in 2012 or 2013. Multiple Super Distribution Platform
openings are being planned throughout 2012 and 2013 with continued
expansion of its specialty product lines.
The overall product mix now includes over 160 sku's. Product
relevance is a key factor in FALKEN's growth model.
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 0316mgarciafaure@falkenltd.com
Falken Industries (CE) (USOTC:FLKI)
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