FLKI Falken Industries Ltd (CE)

Falken Industries Ltd (OTCBB: FLKI) announced after the close of trading on Friday the appointment of Myron D. Young as a member of its Board of Directors effective immediately. M. Young will also serve on the FLKI Board Advisory Committee where he is expected to provide valuable counsel for the FLKI implementation of its new growth by merger or acquisitions policy.

M. Young has a long history in corporate senior management. Starting in sales and marketing at Xerox, he joined Ford in Finance. He progressed rapidly through Ford's various divisions including important roles in sales and product development. He was then selected to join the elite Corporate Strategy Group. The next few years brought significant exposure to international finance. This experience led the 11 different divisions making up the Diversified Group to come under Young's managerial control. He ultimately acquired major line responsibility as Plant Manager of the 1.1 million square foot Milan Plastics Plant.

In 1989, Young served as CEO and Chairman of Ford Credit Europe (with $ 14 billion of assets, $ 400 million PBT). Under his leadership, Ford Credit Europe nearly doubled assets and profits in four years, consolidated operations in 18 countries, and became the largest finance company in Europe. On returning to the US in 1994 he became the President of Ford Life (a $ 5 billion Life Insurance Company with new sales of over $ 100 million per month). Throughout his years in Europe Young personally undertook numerous acquisitions, mergers, joint ventures.

Young is expected to be a major contributor to FLKI's development of its global business.

M Young commented in his acceptance missive; "I am delighted to have been appointed a member of the Board of Directors. These are exciting times for the company and I am looking forward to the challenges that lie ahead."

Manuel Garcia, Communications Director for FLKI stated : "We are absolutely delighted. Young is a renowned member of the international business community within which FLKI operates."

Helle Madso, FLKI's President opined : "The fact that such a personality would ask and accept to join our company and board, in my view, underlines the core value of FLKI's intermediate potential as unknown to the investment community as it may be today."

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