Reminder: FLKI Conference Call, 19 Aug, 2pm EST
Investors/Brokers/Portfolio Managers: You are invited toa Conference Call with Falken Industries, Inc. (OTC: FLKI), August 19,2pm Eastern time. Call 218-339-3600 access code 119261. Catch all thelatest breaking news. Read FLKI's latest PR -
https://www.prweb.com/releases/2009/08/prweb2756424.htm
MAKE YOUR RESEARCH NOW and see for yourself. Don't focuson the technicals of the charts or if its zero trading! As an investorand student of the stock market, it is my advocacy to inform otherinvestors to first, begin caring about the company we are investing inand let us know what they do to gauge their long-term potentialalthough profitability comes in a close second.
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CleanPlus® Brand Expansion in RussiaSucceeds
The product and brand conceptions of FalkenIndustries Ltd (OTC : FLKI) are globally renowned. Today's report by the CleanPlus® Product Group of the brand's success in Russia, the world's largestcountry at 17,075,200 sq.km underlines the viability of the strategic decisiondating back more than 4 years.
Trenton,New Jersey (PRWEB) August 17, 2009 -- The Clean Plus®Product Group's brand - an FLKI conception - came in at a very ideal time. Russia iscurrently in the exciting period of rebirth and reinvention and is enjoying animpressive growth in its economy. Most importantly, Russia is one of today's fastestgrowing auto markets. Its new-car market started to grow by 28%, a total of$1.8 billion in sales. Experts even predict that Russiawill surpass Germany as Europe's biggest car market.
The Clean Plus® brand which was conceived andcreated by FLKI in 1997 is a prime example of FLKI's ability to conceive anddevelop not only products but brands with impact and built in success for brandmanagers and distributors everywhere.
Many foreign auto manufacturershave been rushing to set-up their manufacturing plants at St. Petersburg. Big names in the automotiveindustry already have their presence in Russiasuch as Ford, General Motors and Toyotawhile others like Nissan and Suzuki are setting-up their assembly plants worth$200 and 115 million respectively. Mitsubishi and Hyundai are currently undernegotiations to build their plants as well.
The proximity to Western Europe and the TaxDecree 166, which exempts automakers from paying tariffs on imported parts arethe reasons why foreign auto manufacturers are attracted to St.Petersburg, which is rapidly transforming to become Russia's automanufacturing epicenter.
As a result, the booming auto manufacturingsector has influenced the purchasing decisions of the growing Russian middleclass, with a population of 8 million in 2000 to 55 million in 2007. Russiansare now buying foreign models to replace their old, outdated domestic cars.
Naturally, when there is a surge of automobilepurchases, Clean Plus® auto care products - whose quality and price standardsare studied to the Russian market, providing high end quality and price pointssubstantially below its competitors - will also be in demand. When managementat the Clean Plus® Product Group saw this opportunity, it decided to expand to Russia, build astrong presence in its automotive aftermarket and strategically position theClean Plus® brand early in the game to acquire a large market share without theusual competition, thus, gaining almost absolute brand loyalty.
"The Clean Plus® success in Russia opens alot more opportunities and options for expansion in the future of our more than160 active product and brand concepts. We believed that the European"Premium" auto care line appealed to the Russian market that's whythe sales of the Clean Plus® Product Group did very well," said ManuelGarcia FLKI Communication Officer.
With this success, FLKI reported a 27.7% increasein the overall revenues of the last second quarter of this year and expects a50% growth rate in the next quarter.
About Falken Industries, Ltd. (OTC:FLKI)
Falken Industries, Ltd. is a diversified industrial conglomerate thatoperates in Chemicals, Wet Wipes and Biodegradable Technology. FalkenIndustries Ltd is the concept behind more than 160 products distributed througha network of global platforms and the recipient of trade awards forinnovations, biodegradability and environmental and health quality standards.
SAFE HARBOR STATEMENT: This news release contains"forward-looking statements" made pursuant to the safe harborprovisions 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." Suchstatements are subject to risks and uncertainties that could cause futurecircumstances, events, or results to differ materially from those projected inthe forward-looking statements, including the risks that our products may notachieve customer acceptance or perform as intended, that we may be unable toobtain necessary financing to continue operations and development, and otherrisks. You should consider these factors in evaluating the forward-lookingstatements included herein, and not place undue reliance on such statements.
Contact:
Manuel Garcia
Shareholder Relations: 1609 357 0316
https://www.cleanplus.com