Falken Industries Ltd (OTCBB: FLKI) Affiliate World Trading, and Norex International (France) Inc Enter Into Strategic Partnersh
August 25 2009 - 5:18AM
Marketwired
Falken Industries Ltd (OTCBB: FLKI), a rapidly growing company
operating globally in two core business segments, chemical and wet
wipes product conceptions, announced today that its recently
established affiliate, World Trading, has entered into a strategic
partnership agreement with Norex International. ("Norex"). Under
the terms of the agreement World Trading will assist Norex in
procuring various innovative high tech substrates for manufacture
and distribution of FLKI conceptions to its markets.
Norex is engaged in the manufacture, sale and distribution of
chemicals and wet wipes. Norex supplies a large range of finished
chemical and wet wipe products for various industries. FLKI product
conceptions rely on unique innovative and entirely eco-friendly
materials, and the alliance is expected to result in substantial
economies of scale for manufacturers of FLKI conceptions, including
the world renowned Clean Plus® brand. The alliance will leverage
raw material cost. Norex maintains customers throughout the world.
Raw materials will be supplied by World Trading from global
suppliers in India, Hong Kong, Nigeria, Brazil, Turkey, the
Philippines and Libya and others. Norex International's product
lines include bulk chemicals, finished product lines, degreasers,
soaps, anti-graffitis, flow packs, wet wipes for consumer,
professional and industrial uses etc.
Commenting on this agreement, Manuel Garcia, Communication
Officer for FLKI, stated, "We are excited to have forged this
relationship and to begin sourcing through World Trading for Norex.
We are very encouraged by the potential opportunities before us to
source various innovative materials and substrates ensuring
substantial savings in the cost of raw materials for all producers
and consequently distributors of FLKI product conceptions."
The agreement will greatly facilitate and indeed ensure the
continuation of FLKI product conception's present price and quality
leadership for distributors throughout the world.
Commenting on the letter of intent, Garcia added, " Sales of
FLKI conceptions such as the Clean Plus® branded products have
become a major export for many distributors with international
sales growing at a compounded rate of 100% over the past few years.
We believe the demand for FLKI product conceptions will continue to
grow as customers attempt to increase the life of their capital
investment - most notably in the Automobile After-Market where the
Clean Plus® brand is a recognized global leader for car and
vehicular care.
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 0316 mgarciafaure@falkenltd.com
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