Falken Industries Ltd
OTC Bulletin Board : FLKI

Falken Industries Ltd

December 15, 2009 07:48 ET

FLKI Inks $6,075,000 Agreement for Distribution of Its Consumer Product Concepts in Eqypt.

The Clean Plus® Product Group after several years of joint development formalized Super Distribution for the Clean Plus® Premium Auto Care line in Egypt. The Agreement targets purchases of $ 1,250,000 each year.

TRENTON, NEW JERSEY--(Marketwire - Dec. 15, 2009) - Falken Industries Ltd (OTCBB:FLKI) -

Egypt with its near 82,000,000 population is experiencing a booming market, notably for FLKI product conceptions. An effective and efficient distribution infrastructure is crucial for the continued development of FLKI product line conceptions. Egypt is a modern society and has proven to have a strong economy.

Moreover, Egypt has embarked on the journey of upgrading and improving its infrastructure as business and technology evolves, traffic grows and the usage of modern transport and communication devices increases in the country. In this direction, Egypt has been witnessing an aggressive development of a large number of projects, educational, infrastructure, and bandwidth allocation for several years. These developments are attractive and attracted The Clean Plus(R) Product Group to the country three years ago. Today a major commitment results consistent with the group's dedication to establishing major global service and delivery centers in the country.

With a wide range of more than 160 product conceptions and half again in the pipeline, FLKI is poised to enter many markets. Their proprietary balanced blend of products enhances the fundamentals of the company.

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.

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