Falken Industries Ltd
OTC Bulletin Board : FLKI

Falken Industries Ltd

August 25, 2009 05:18 ET

Falken Industries Ltd (OTCBB:FLKI) Affiliate World Trading, and Norex International (France) Inc Enter Into Strategic Partnership Agreement for Global Procurement of Substrates

World Trading, an affiliate of Falken Industries Ltd (OTCBB:FLKI), and Norex International (France) Inc Enter into Strategic Partnership Agreement for Procurement and completes first agency transaction in Bio Substrates

TRENTON, NEW JERSEY--(Marketwire - Aug. 25, 2009) - Falken Industries Ltd (OTCBB:FLKI), a rapidly growing company operating globally in two core business segments, chemical and wet wipes product conceptions, announced today that its recently established affiliate, World Trading, has entered into a strategic partnership agreement with Norex International. ("Norex"). Under the terms of the agreement World Trading will assist Norex in procuring various innovative high tech substrates for manufacture and distribution of FLKI conceptions to its markets.

Norex is engaged in the manufacture, sale and distribution of chemicals and wet wipes. Norex supplies a large range of finished chemical and wet wipe products for various industries. FLKI product conceptions rely on unique innovative and entirely eco-friendly materials, and the alliance is expected to result in substantial economies of scale for manufacturers of FLKI conceptions, including the world renowned Clean Plus® brand. The alliance will leverage raw material cost. Norex maintains customers throughout the world. Raw materials will be supplied by World Trading from global suppliers in India, Hong Kong, Nigeria, Brazil, Turkey, the Philippines and Libya and others. Norex International's product lines include bulk chemicals, finished product lines, degreasers, soaps, anti-graffitis, flow packs, wet wipes for consumer, professional and industrial uses etc.

Commenting on this agreement, Manuel Garcia, Communication Officer for FLKI, stated, "We are excited to have forged this relationship and to begin sourcing through World Trading for Norex. We are very encouraged by the potential opportunities before us to source various innovative materials and substrates ensuring substantial savings in the cost of raw materials for all producers and consequently distributors of FLKI product conceptions."

The agreement will greatly facilitate and indeed ensure the continuation of FLKI product conception's present price and quality leadership for distributors throughout the world.

Commenting on the letter of intent, Garcia added, " Sales of FLKI conceptions such as the Clean Plus® branded products have become a major export for many distributors with international sales growing at a compounded rate of 100% over the past few years. We believe the demand for FLKI product conceptions will continue to grow as customers attempt to increase the life of their capital investment - most notably in the Automobile After-Market where the Clean Plus® brand is a recognized global leader for car and vehicular care.

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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