Falken Industries Ltd: 4Q Revenues and Margins Soar-2009 Year End Results a Record
March 26 2010 - 12:13PM
Marketwired
Falken Industries (OTCBB: FLKI) announced today that year end
results were consistent with the solid increase projected at the
start of the third quarter for sales of its product concepts
globally, Net revenues for the year ended December 31, 2009
increased 83% with gross operating margins soaring 11%.
2010 is also 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,
demand and inquiries. Several new products are being released
throughout the year and new distributors are being appointed.
"Numbers are not everything" said Manuel Garcia Communications
Officer. The evolution of the company's distribution network who
take our 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.
"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.
Responding to a press inquiry on the performance of FLKI
publicly traded securities, Garcia responded, "our stock is unknown
to the financial markets, and seriously undervalued at present
levels it is far from reflecting the company's outstanding
potential. Management's focus nevertheless will remain on the
fundamentals of FLKI's business as a conceiver of top consumer,
professional and industrial products and I have no doubt that the
securities industry will eventually catch up."
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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