PARIS, April 2, 2007 (PRIME NEWSWIRE) -- Falken Industries Ltd.'s (Pink Sheets:FLKI) Clean Plus(r) product group celebrates its second 1Q revenue growth rate and the ten year anniversary of the brand.
First quarter results have confirmed that Falken Industries enjoyed a 35.9% revenue growth in its Clean Plus(r) product sales. The company is also celebrating its Clean Plus(r) brand's ten year anniversary. It is an excellent time for the company, whose present success results from years of hard work and a commitment to product excellence and customer satisfaction.
Helle Madso, President of Falken Industries and founder of the Clean Plus(r) product group, reflects on the company's present situation:
"Now that we've launched two new product lines, we are being recognized as a major player in the auto care market. Our recent influx of major international accounts confirms our new positioning."
Falken has recently signed Super Distribution agreements with Australia, Russia, Norway, Iceland, and Barbados. The total gross aggregate expected revenue projections for these contracts exceed nine million euros ($12,000,000). Falken is also pursuing strategic plans to enter the North American markets and currently has established distribution platforms in Canada and Barbados, with Mexico expected to follow.
"Our stability in Europe, along with these expansion plans, will make us a worldwide player in our market. As a publicly traded company we have an advantage in real revenues, recognized product lines and unlimited market potential as an international company. This long record of revenues should give a sense of comfort to those considering Falken as an investment opportunity," stated Audra Plankiene, CFO.
Shareholders and the public are invited to consult www.cleanplus.com and www.falkenltd.com for further information. Other information may be obtained from www.nasdaq.com and similar sites and databases.
Falken has retained a moderate media program in order to inform shareholders and the general public of the potential investment opportunity it represents.
About Falken Industries Ltd.
Falken Industries Ltd. (Pink Sheets:FLKI) is a leading developer, manufacturer, and marketer of innovative wet wipe products with 50,000 square feet production facilities in France. Its core product group is the leading Clean Plus(r) brand of high performance products -- www.cleanplus.com.
Disclosure:
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made, to the extent relevant, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.