Falken Industries Ltd (FLKI): 4 Q Operating Margins Rose 11%-Sales Continue Upward and Soar 51%
June 07 2010 - 11:46AM
Marketwired
Falken Industries Ltd (OTCBB: FLKI)
Operating Margins for this international leader in the industry
rose more than 11% for the first quarter 2010 as compared to the
similar quarter in 2009 to conclude with a net pre-tax quarterly
profits of 14.5%, this notwithstanding unprecedented heavy
development and promotional expense and massive distributor support
and purchasing power price subsidies for Iceland, Latvia, Estonia,
Moldova, Bulgaria, Hungary, Romania, Ireland to name just a few.
Demand for FLKI product conceptions continues to expand from FLKI's
fast expanding global distribution network and unparalleled
competitiveness and distributor marketing and sales support.
"This is particularly noteworthy because FLKI has always refused
as a matter of policy to forsake production efficiencies and cost
controls in favor of pass-along price increases. As a result FLKI
is assuredly the uncontested recognized industry leader for price
stability" said Manuel Garcia, communications officer. In the past
year, production costs efficiencies have lowered net operating
expense and cost of goods by 68%.
"How do we do it" is an oft' heard question during press
conferences" added Garcia. Much of the reported success of the
company lies with its noted procurement and purchasing efficiencies
which have hedged its raw material cost up to three years, given it
substantial cost advantages over its competitors. Revenues have
risen steadily in 2009 and are continuing to rise in 2010.
Sales are projected to increase by more than 30% for the year
ended 2010 bested by significant further increases in global market
share because FLKI product concepts have been filling the voids
created by over priced and over extended competitors.
Recently, FLKI product conceptions won the coveted Number 1
placement for price performance from the independent professional
press in Europe.
Its new well covered recently introduced product concept
"Brilliance" is projected to explode sales and net revenues in 2010
and onward through 2013.
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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