FLKI Strategic Committee "The Company Is on the Starting Line of an Unprecedented Growth Phase."
September 29 2009 - 3:59PM
Marketwired
Falken Industries Ltd (OTCBB: FLKI) -
Summary:
Notwithstanding the crisis visiting car sales and generally
pessimistic predictions for the automobile industry, FLKI believes
that its product concept and notably car and vehicular care
products are on the edge of an explosive growth phase.
Body:
In a report released to the gathering of industry analyst
present at the sponsored colloquy yesterday, Members of the FLKI
Strategic Committee opined that the ills of the Automobile Industry
have so far proven to have a beneficial effect upon the
company.
A spokesman for the committee stated: "notwithstanding a major
drop in car sales in traditional markets, new consumers from
emerging markets are boosting demand, and we project 375 millions
additional vehicles in circulation by 2012 and 715 millions by 2020
with a commensurate increase in the used vehicle pool, increasing
the size of our car care product markets exponentially."
The increase will apply across the line for FLKI product
conceptions - consumer, professional and industrial - because more
cars mean more maintenance and interventions by consumers.
Notwithstanding the crisis visiting car sales and generally
pessimistic predictions for the automobile industry, FLKI believes
that its product concept and notably car and vehicular care
products are on the edge of an explosive growth phase. This belief
seems buttressed by the sudden interest of major companies in FLKI
product and system conceptions. FLKI will not confirm nor deny that
an organic affiliation is a topic of discussion.
From 2015, sales of vehicles in the BRIC will increase by more
than 600%.The Clean Plus© Product Group is reportedly in process of
establishing several distribution platforms in these countries and
is uniquely amongst its peers, experiencing major increases in
sales.
The statistics translates to sales of 370 million new vehicles
between the present and 2013, with a commensurate increase in the
used vehicle park to which most FLKI car care product conceptions
are targeted.
"Emergent countries in which we are aggressively developing our
technologies and product concepts are experiencing an unbelievable
increase in their purchasing power which is not likely to stop any
time soon." Said Manuel Garcia Communications Officer. This
promises a market environment with enormous potential for FLKI and
its distribution.
"The future belongs to those that have the capacity to develop
new innovative products that are less expensive, that consider the
problems of local markets and who propose alternatives" concluded
Garcia.
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 +1 609 357 0316 mgarciafaure@falkenltd.com
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