FALKEN Continues its Rapid Growth With Q1 2012 Revenues Increasing More Than 30% Over Q4 2011 and Record Profits
Revenues for 2012 are Currently Trending Well Above 2011 Continuing the Rapid Growth Projected for the Company.
TRENTON, NEW JERSEY--(Marketwire - May 3, 2012) - FALKEN Industries Ltd (www.falkenltd.com) (OTCBB:FLKI) announced today that revenues for the 1Q 2012 were up more than 30% quarter over quarter with record profits achieved. Falken said after its YE 2011 results that it expected to achieve record revenue growth in 2012. Revenues for 2012 are currently trending well above 2011 continuing the rapid growth projected for the company. In 2011, the company recorded strong earnings of .0114 per share. These results have been achieved without the addition of any new distribution revenue centers in the quarter and are attributed to organic growth across its existing distribution network and direct professional truck, car and detailing product businesses. FALKEN expects to add a minimum of two (2) new Super Distribution revenue centers in each of Q2 and 3 2012.
The trend for revenue growth for the company is not expected to change in 2012 or 2013. Multiple Super Distribution Platform openings are being planned throughout 2012 and 2013 with continued expansion of its specialty product lines.
The overall product mix now includes over 160 sku's. Product relevance is a key factor in FALKEN's growth model.
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.
Falken Industries Ltd
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