PARIS, May 22 /PRNewswire-FirstCall/ -- Falken Industries Ltd (OTC:FLKI) today announced the signing of a Super Distributor in Cyprus for the Clean Plus(R) "Premium" auto care line. This latest strategic alliance guarantees a 600,000 EUR (US$810,000) influx of revenues for Falken Industries. Cyprus is enjoying a steady period of economic growth (3.7% to 3.8% per year in 2004, 2005, and 2006), largely due to their burgeoning tourism market. Resulting increases in consumer spending and a recent tax registration reduction on newer cars have significantly increased the consumption of auto care products. The island entered the EU in 2004 and will be invited to adopt the Euro in 2008. "Entering new strategic alliances with prospering markets is always a positive addition to the company," Executive-Vice President, Helle Madso. About Falken Industries Ltd: Falken Industries Ltd. (OTC:FLKI), a New Jersey corporation (USA), is a leading developer, manufacturer, and marketer of innovative wet wipe products with 50,000 square feet production facilities in France. Its core product group is the leading Clean Plus(R) brand of high performance products - http://www.cleanplus.com/. For further information on the company, interested parties may also visit http://www.falkenltd.com/. Disclosure: This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "expect" or similar expressions. These statements are made, to the extent relevant, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. Contact: Investor relations: Rishard Lebbe Falken Industries Ltd. 146, rue du Chateau Paris 75014, France Tel: +33-(0)1-45-42-19-16 Email: DATASOURCE: Falken Industries Ltd. CONTACT: Contact: Investor relations: Rishard Lebbe, Falken Industries Ltd., 146, rue du Chateau, Paris 75014, France, Tel: +33-(0)1-45-42-19-16, Email:

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