Investors Look to Falken Industries
July 17 2007 - 12:04PM
PR Newswire (US)
PARIS, July 17 /PRNewswire-FirstCall/ -- Falken Industries Ltd.
(OTC: FLKI) today announced it closed a further tranche of a
planned Reg S private placement of it common stock. An
international syndicate of private investors contributed to the
round of financing, including Welt Finanziell & Hypotheken Inc,
and Capital Pro Consulting of Norway. Falken Industries is best
known for its Clean Plus(R) product group see
http://www.cleanplus.com/. Falken shares are traded on the OTC
under symbol FLKI. Audra Plankienne, CFO stated : This further
round of private "no strings attached" 144 restricted common stock
financing is further testimony of the recognition by the
international investment community of the progress Falken
Industries Ltd has made in the market with its leading Clean
Plus(R) product group. The financing provides additional capital to
rapidly expand our sales and marketing activities for a redesigned
"Premium" line in the Fall. Private placements of 144 restricted
stock enables a steady and regular flow of capital for standard and
application specific products, as well as increases our ability to
support strategic alliance and licensing activities. "Clean Plus(R)
products are established in the marketplace and we will leverage
this success to build a world-class company" added Michael
Hamilton, New Business Development Officer. 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 80,000 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. 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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