Falken Industries Ltd 3Q Reports Record Revenues for 3Q
3Q Operating Profits Soared to $ 771,680, or 1 Cent Per Share, on Strong Global Product Demand - Resulting in Record Net Operating Profits.
(firmenpresse) - TRENTON, NEW JERSEY -- (Marketwire) -- 11/07/11 -- Falken Industries Ltd (OTCBB: FLKI)
Operating Revenues for this international leader in the industry soared for the 3Q notwithstanding continuing heavy research and development and promotional support for a fast expanding global distribution network.
"FLKI continues to buck the trend, refusing a policy of pass-along price increases and holds its uncontested leadership with retailers and distributors for important price stability" said Manuel Garcia, communications officer. Net operating margins have held firmly notwithstanding heavy promotional expense for all of 2011.
Much of the reported success of the company lies with its noted procurement and purchasing efficiencies which have hedged its raw material cost up to three years, given it substantial cost advantages over its competitors.
Sales are projected to increase by more than 20% for the 4Q bested by significant further increases in global market share because FLKI product concepts have been filling the voids created by over-priced and over extended competitors.
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
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Datum: 07.11.2011 - 15:30 Uhr
Sprache: Deutsch
News-ID 84666
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TRENTON, NEW JERSEY
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Commodity Chemicals
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