Falken Industries Ltd
OTC Bulletin Board : FLKI

Falken Industries Ltd

January 26, 2011 12:22 ET

Global Sales of Professional and Consumer Car Care Products Are Projected to Explode Over The Next Two Years

PIGGY BACKING THE RISE IN AUTO SALES, Global Sales of Professional and Consumer Car Care Products Are Projected to Explode Over The Next Two Years (OTCBB:FLKI)

TRENTON, NEW JERSEY--(Marketwire - Jan. 26, 2011) - Falken Industries Ltd (OTCBB:FLKI) -

Spokesman Manuel Garcia, communication officer at today's afternoon press conference stated :"The worst is over for those of our distributors that survived the crash of 2009 when vehicle sales – and with them car care products - crashed to their lowest level in almost three decades. But, things are looking up and right at the top is the Clean Plus® product group."

Clean Plus® is the best known branded product conception of Falken Industries Ltd a comparatively small (market cap $ 12 000 000) but immensely successful product developer trading publicly under symbol FLKI.

The benchmark new light vehicle auto sales in December rose 11% year to year with Clean Plus® accessories and car care rising 19%. Both reports were well ahead of expectations. This bodes well for the industry and particularly so for FLKI.

The Clean Plus® global distribution network – see for example www.cleanplus.com is expected to greatly benefit from these projections with corresponding benefits on FLKI's product conception revenue stream.

Garcia added : "FLKI's share price performed well in 2010 and is forecast to perform strongly in 2011 and the company is poised to profit from rising distributor sales."

Distributors of Clean Plus® product lines maintain a fundamentals outlook for Clean Plus® sales as very positive reflecting the obvious that sales prospects are improving and the worst is behind them.

New product conceptions, including solid contracts for AUS 32 markets suggest substantial higher volumes which will drive FLKI and its distribution's profits and cash flows. With a pipeline of new products promising introductions at least through 2013 FLKI is well ahead of its industry competitors.

Garcia concluded: "In our view, FLKI enters 2011 with strong fundamentals and justified optimism making our stock attractive, notably while still at these battered levels of under 20 cents."

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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