TRENTON,NEW JERSEY--(Marketwire - Nov. 11, 2009) - Falken Industries Ltd (OTCBB:FLKI) -
Operating Margins for this international leader in theindustry soared more than 33% to 40% for the 3Q notwithstanding heavydevelopment and promotional support for a fast expanding global distributionnetwork.
"This is particularly noteworthy because FLKI has refused apolicy of pass-along price increases and is now the uncontested recognizedleader for price stability" said Manuel Garcia, communications officer. Saleshave risen steadily in 2009.
Much of the reported success of the company lies with itsnoted procurement and purchasing efficiencies which have hedged its rawmaterial cost up to three years, given it substantial cost advantages over itscompetitors.
Sales are projected to increase by more than 30% for the 4Qbested by significant further increases in global market share because FLKIproduct concepts have been filling the voids created by over priced and overextended competitors.
Its new well covered recently introduced product concept"Brilliance" is projected to explode sales and net revenues in 2010.
About Falken Industries Ltd :
Falken Industries Ltd (OTCBB:FLKI) is a diversifiedindustrial conglomerate that operates in Chemicals, Wet Wipe and BiodegradableTechnology. Falken Industries Ltd is the concept behind more than 160 productsdistributed through a network of global platforms and the recipient of tradeawards for innovations, biodegradability and environmental and health qualitystandards.
SAFE HARBOR STATEMENT: This news releasecontains "forward-looking statements" made pursuant to the safeharbor 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." Suchstatements are subject to risks and uncertainties that could cause future circumstances,events, or results to differ materially from those projected in theforward-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.