Falken Industries Ltd
OTC Bulletin Board : FLKI

Falken Industries Ltd

February 07, 2011 09:02 ET

FLKI Approves Steps to Uplist to Higher U.S. Stock Exchange

Decision Fueled by Rapid Progress in High End Product Development, Expansion of Global Distribution Network, and Growing World-Wide Interest in FLKI's Eco Pledge Standard for Green Earth Friendly Production of Biodegradable Products

TRENTON, NEW JERSEY--(Marketwire - Feb. 7, 2011) - Falken Industries Ltd (OTCBB:FLKI) today announced the company is preparing for a move to up-list to a more senior U.S. stock exchange in response to rapid progress and solid gains in global implantations of its product conceptions and growing global interest in the Company's exceptional biodegradable product mixes, including products, notably wipes for disinfection and degreasing, designed for rescue teams, the military, and general utilities. FLKI indicated that it believes it substantially meets the requirements to up-list to a more senior U.S. stock exchange.

FLKI's Advisory Board approved steps that would initiate a reverse stock split as early as this year, if needed, to meet minimum stock price requirements of the senior U.S. stock exchanges and is establishing audit, compensation and nominating committees in advance of a planned up-listing.

"Moving to a senior U.S. exchange is a high priority for the company given the progress of our business interest, the demand upon our product conceptions, the major expansion of our distribution network, and today's noted and growing global interest in our Eco Pledge unique standard for ensuring "Green" products. Listing on a more senior U.S. exchange will help increase visibility for the company and help to attract a broader class of institutional investors," said Manuel Garcia, Communications Officer.

"This is particularly consistent with the demands of shareholders voiced at last year's shareholder meeting which motivated the company to for the first time in a decade devote any resource or interest to investor awareness" added Garcia.

Clean Plus® products, FLKI's most popular branded line of product conceptions, include disinfection and cleansing wipes tailored to crisis and disaster rescue teams, and notably to military applications, and products to purify brackish water. Custom wipes allow military and rescue personnel to ensure health and cleanliness while essentially eliminating the need for water in parts of the world devastated by intense drought conditions.

"We have already received significant interest from new distribution platforms from a number of countries spanning most of the continents and are expanding existing facilities. Appointments could equate to many millions of dollars in both revenue and net income the first and second years," said Garcia.

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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