The End of the Crisis Tunnel We Never Entered or Experienced-4Q Projected to Increase More Than 30%
October 04 2009 - 11:05AM
Marketwired
Falken Industries Ltd (OTCBB: FLKI) -
Summary: 4th Q predicted to best 30% with significant further
increase in global market share.
Body: Falken Industries announced today that its estimates of
sales for its product concepts will be significantly better than
the third quarter, which closed up nearly 30%.
The fourth quarter also is predicted to improve global market
share in a meaningful way. FLKI product concepts have been quickly
filling the voids created by over priced and over extended
competitors. FLKI distributors report a substantial increase in
customer growth.
"Numbers are not everything" said Manuel Garcia Communications
Officer. The evolution of the company's distribution network who
take from producers product conceptions to market, is significantly
improved by FLKI's extraordinary marketing and sales support and
the flow down to consumers has kept retail prices at a comfortable
margin while maintaining a large price advantage over the
competition.
"We continue to believe that the emphasis of distributors has to
stay on market share. We have achieved our objectives for capacity,
production, quality, and logistic excellence. We consider our price
advantage a material benefit for our current strategy of enhancing
market share and are very aware of the substantial possibility for
us to enhance margins and profits through eventual price increases
which would still leave our competition significantly more
expensive." added Garcia.
As previously announced, FLKI believes that it has benefited
from the crisis. It's hedging, raw material management, and
logistics have given it substantial advantages over others in the
trade. This support is available to all purveyors of FLKI product
concepts, giving them market advantages unattainable by other
distributors.
"We have excelled in containing our cost, hedging our currency
risk and providing cover for producers and distributors of our
concepts. Our raw material procurement has permitted us an enviable
position and realized production costs savings of up to 30% over
our competitors without impacting on margins" concluded Garcia.
FLKI is also confirming substantial projects in Russia and
Turkey where it plans to expand its strategic alliances and
establish distribution platforms in support of those currently
positioned in both countries.
About Falken Industries Ltd:
Falken Industries Ltd OTC : 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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