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Posted by luckylindy on :
 
FLKI NEWS:Falken Industries Ltd Confirms Willingness to Consider and Evaluate NOREX Proposed Offer to Seek Control Position

Falken Industries Ltd (OTCBB: FLKI) -

On several occasions in the past two years and continuing to the present Falken management has been approached unofficially and discretely by would-be merger or takeover suitors seeking an expression of interest on the company's part - no formal letter expressing an intention was ever received. The company has sought the help of attorneys with expertise in such matters, in determining how best to respond to the overtures of interested parties and has acted accordingly.

Falken is aware, and the Falken board confirms that the interest of the shareholders is the paramount concern. Consequently Falken has always listened to would-be eventual proposals, and evaluated on findings, whether the proposal was serious.

Falken continues to invest heavily in product innovation and development; its product conceptions are globally received. Falken outsources to associates and members of its production network logistical, purchasing and manufacturing functions. A little more than a year ago it agreed to invest the company's reserves and use its borrowing power to acquire other manufacturers if such acquisitions were in accord with the sound business judgment of the board, and in the best interest of the company and its shareholders. The company also confirmed that this would be a legal way of coping with unfriendly takeover attempts.

The current Letter of Intent from Norex differentiates itself from any prior dealings, in that it emanates from a member of Falken's production network and though totally unexpected, management does not view it as unfriendly. The offer is understood to be for cash, a precious commodity which would act as a "catalyst" for the development of Falken's own strategic planned acquisitions.

Management is presently working to evaluate a thorough list of options covering the advantages and disadvantages of entertaining and cooperating with such an acquisition. After review and further discussions with Norex, Falken's Executive Committee and Board will decide if in light of the Company's plans for future development and financial projections for the next three years, acquisition of a control position in the Company by Norex would be advisable.

One of the matters to evaluate is whether a sale of control could bring more than the $1.50 offered, or a public share exchange with one of the major companies controlling the Company's competitors.

Consideration will include issues of adequacy, and the best interests of Falken Industries Ltd, its stockholders, its customers and the communities which it serves.

Falken's directors and management have faith in the momentum of the company, and currently believes that it is in the best interests of its stockholders, customers and employees to take advantage of this momentum and continue to implement the Company's growth plans as an independent company. Whether such an environment can be maintained after the sale of a controlling position to Norex is of course a key issue.

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.

Contacts:

Falken Industries Ltd

Manuel Garcia

Communications Officer

+1609 357 0316

mgarciafaure@falkenltd.com
 
Posted by luckylindy on :
 
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.
 
Posted by Sris49 on :
 
ITS BEEN SAID BEFORE – BUT D.R.M.’s LEAD CONTINUES… OTC : FLKI

It’s a relatively small company, assuredly, but there is nothing little about this company’s leadership in industry practices. Much of its success of course lies in creativity and an uncanny ability to conceive and manufacture product concepts for markets simply ignored by its competitors – markets such as women; 92% of the market for auto care, and 57% of this company’s consumer product sales. The company, Falken Industries is traded on the OTC, is reporting and rated “Current Information” under symbol FLKI. Most on the street say it’s a great buy and some have rated Stong Buy – for what its worth !

This company whose fundamentals are beyond reproach, made its mark as an industry leader many years back and its acclaim was loudly sounded in the trade. It gave new meaning to the term “Supply Chain” management, expanding it beyond its traditional goal of low costs and efficiency. The company developed an uncanny ability to shape and respond to shifts in demand from its global distribution network, and pumped out innovative product conceptions. This started in 1997 and continues to this day. “For Falken, our performance in emphasizing distribution support translates to productivity and market share leadership” said Manuel Garcia, Communications Officer.

As a trade analyst, I have come to reflect on efficiency, profitability, and growth within our industry. I immediately question common current practices of squandering opportunities. A lack of alignment between assets creates disharmony, as each party in the chain operates under dissimilar definitions and contradictory hierarchies. But as demonstrated by Falken and its distribution methods, opportunities exist to create collective information management practices, which when implemented, lower dependency on labor-intensive, duplicative, and processes vulnerable to errors.

Implementation of course is the difference. The Automobile After-market industry is greatly fragmented with very small players controlling much of the mix of products offered in the market. Theories abound. For Falken it’s called Directed Records Management (D.R.M.) – what is it? It is an approach to business record keeping which standardizes cataloging and if applied correctly and with sufficient dedicated resources, helps to ensure clear and accurate views of the business and its performance. The absence of such processes increases business trials and decreases profitability and performance. The information so managed by Falken relates to its needs, for basic information on advertisers, brands, vendors, and other campaign details that need to be shared across its internal and global distribution system, ensuring coordination applications, and processes in order for data to be consistently and accurately reported – accounting for countless cultural differences which taint reporting.

Getting information of course is difficult. Falken with 380 distributors throughout the world and a leading global brand (Clean Plus® see www.cleanplus.com), is always in fear of asking for or letting go of information that some may consider confidential. But what Falken is asking for here, is NOT proprietary; it's basic descriptive information — media names, product names, commercial titles, and a few more descriptive values. The data is shared information, for the most part wholly disorganized and processed in methods that were invented decades ago, when there were far less complex supply chains.

There is always a concern that by identifying faults in its distributor’s processes, the company will diminish its prospects for greater sales. Realistically, this negligible however, the amount that may be lost will be gained in other areas. When Falken teams proceed to such ventures, they necessarily review all the components affecting the cost-benefit analysis. A small fundamental capital loss can cascade into a huge capital gain through its supply chain superiority.

Excellence is reached when partners have fulfilled their roles, adhered to industry best practices, and made way for the other members of the chain to focus on their own roles. Falken is noted for shifting responsibility to the right place in the chain, away from downstream parties who have no ownership or primary knowledge of the accuracy of the information. In fact, these downstream parties have been held responsible for errors. What we are witnessing, is Falken’s foundation of repeatable, documentable best practices.

Realistically, Falken has not avoided being overwhelmed by an explosion of new data to process and analyze. While not so long ago it dealt in megabytes the company is now dealing with terabytes. The expanded information now has more uses and affiliations, thereby rendering other’s current methods obsolete. The new data is organized by hundreds of segmentations. Falken is not limited by legacy technology systems leading to disparate data, conflicting hierarchies, and intended-to-be-temporary workouts, short-term fixes, and stop-gap solutions. Falken’s method does not bypass known problems in a system. It applies no temporary fixes that would imply that a proper solution to the problem is needed. Such heirloom practices have graduated in certain companies to permanent practices which have evolved into institutionalized bad habits which have in turn become a barrier to innovation and creativity.

“At Falken we apply operating procedures ranging from how to get information into order entry, asset management, workflow to measurement systems which lead to the emergence of innovative business models, and cost savings and additional revenue.” Said Garcia.

Falken’s D.R.M. excellence arises out of the company's ability to make decisions quickly and effectively. “It permits our management to make decisions based on what is best for the entire supply chain, rather than one specific organizational component.” Added Garcia


Falken Industries Ltd OTC : 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. As a reliable partner FLKI creates chemistry to help distributors and retailers in virtually all industries to be more successful. With its high-value products and intelligent solutions, FLKI plays an important role in finding answers to global challenges such as environmental protection, energy efficiency, and mobility.
 
Posted by Sris49 on :
 
On the Wire today

FALKEN INDUSTRIES LTD (Symbol: FLKI)

FALKEN Continues its Rapid Growth with Q1 2012 Revenues Increasing more than 30% Over Q4 2011 and Record Profits.

FALKEN Industries Ltd (www.falkenltd.com) (OTC: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 outstanding 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.
 
Posted by Sris49 on :
 
Ethics and Branding Policies are Part of the Solution in Emerging Markets OTC : FLKI

Falken and its Clean Plus® Product Group, for all its size and colossal competitors, have accomplished great things in emerging markets. Manuel Garcia, its communications officer, in fact emphasizes the importance of maintaining and developing ethical footing in general, but in particular in emerging markets.

When it comes to cleaning and maintenance, disinfection and health protection products launched in emerging markets, brand owners like FLKI have a lot of issues to address in order to ensure their continuing success. It’s not a simple product launch. Falken must take into account the societal norms and social taboos of the region it is attempting to penetrate, and also consider the area’s economic situation. It is an area in which it excels !

Garcia, speaking of FLKI’s strong position in the manufacture of consumer, professional and industrial chemicals and wipes says that perhaps Africa offers a signpost to developing health protection consumption amongst low-income groups. FLKI, he says, has made some serious inroads in a number of African nations by teaming up with international organizations whose goal is to end poverty, to supply free health care protection to children and disaster victims. “The best example of this is the popularity of Clean Plus® Hand & Body Wipes, uniquely impregnated with FLKI’s proprietary SN10® solution,” Garcia explains. “The wipe is lypoprotective, anti-allergenic, and anti-bacterial. It is affordable and effective making it something of a shining light in the developing world.”

According to Garcia, health protection brands like those conceived by FLKI should continue to maintain and develop their ethical footing. “Away from schools, the issue of education is also key in many developing markets, where religious or social taboos have for example, a less-than-liberating effect on the female population,” Garcia says, adding that education campaigns, especially in more outlying regions, appear to have the capacity to change attitudes on health care.

Each emerging market is different in its own way when it comes to its social barriers, and each offers unique challenges. Take India, for example, where Garcia says the sight of charitable and socially-conscious brands might be regarded as window dressing.

With a view to long-term market development, investment in education, as well as sponsoring the development of small-scale health protection businesses, Garcia says it would appear to be an excellent opportunity for all players to develop an ethical position. “While broader involvement would certainly help satisfy a significant need, it would also encourage the first steps towards the development of a broader health protection market in some of the world’s most populace areas, surely making it a win-win situation for all,” he says.


Falken Industries Ltd OTC : 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. As a reliable partner FLKI creates chemistry to help distributors and retailers in virtually all industries to be more successful. With its high-value products and intelligent solutions, FLKI plays an important role in finding answers to global challenges such as environmental protection, energy efficiency, and mobility.
 
Posted by Sris49 on :
 
On the wire ... Falken's continuing growth strategy, a new landing platform in Turkey OTC ; FLKI

Falken Industries Ltd
OTC : FLKI
May 11, 2012 09:01 ET

Falken's Clean Plus® Product Group Signs New Distribution Contract With S.O.M.U.E.K.S. Ltd Sti for Turkey

Consistent with Falken's continuing growth strategy, a new landing platform in Turkey will expedite distribution and enhance market share

TRENTON, NEW JERSEY--(Marketwire - May 11, 2012) - Falken (OTCBB:FLKI), through the Clean Plus® Product Group, took a next important step for the development of sales and distribution of its product conceptions.

Today S.O.M.U.E.K.S. a key and major distributor of major brands associated with car care in Turkey, selected Clean Plus® overall, and signed a Super Distribution contract with Falken's Clean Plus® Product Group for the sole distribution rights in Turkey of the Clean Plus® "Pro" and "Industry" lines. S.O.M.U.E.K.S, based in Istanbul, will offer the complete range of Clean Plus® professional and industrial products and support systems in Turkey. The contract calls for substantial six figure minimum purchases over several years.

With this appointment, Falken has created a brand new distribution center for storage, and to ensure expedited logistics to cover the entire Turkish nation and adjacent countries such as Georgia and Azerbaijan where Falken does not already have landing platforms.

S.O.M.U.E.K.S' strategy is clear and committing: "We are capable of meeting the needs of an ever changing market, thereby ensuring quality, service and flexibility. Clean Plus® quality and performance makes the difference, the products simply work!" said M. Ceber - Managing Director of S.O.M.U.E.K.S.

"We are also proud to offer the Turkish market inspiring and innovative vehicular care products and support systems. Sustainable, biodegradable and efficient products that are easy to use and reduce cost and labor requirements, all key elements for any vehicular wash and care facility, including detailing centers, garages, and body shops. Clean Plus® hand-wipes already have an impressive market share with mechanics, plumbing and electrical installer." Said Manuel Garcia, Falken's communication officer.

"We also strongly believe in the award-winning innovative Clean Plus® "Pro" and "Industry" product lines, which offer pioneering benefits thanks to their sophisticated earth friendly designs and conceptions." added Ceber.

The Clean Plus® "Pro" line are up to 30% faster to use, which means washes and maintenance projects are completed in shorter timeframes, with less exposure to health and safety risks and a shorter labor time cost, a major component of costs in detailing and auto-care. These are significant considerations as they offer important savings in today's difficult market.

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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