Falken Industries Ltd Provides Outlook for the Clean Plus(R) Product Group and Update on Advancing Product Portfolio at Analyst and Investor Event
- Portfolio of Major Products Driving Long-Term, Double-Digit Revenue Growth from New Production Facilities. - Net Sales in First Quarter Fiscal 2012 expected to top 14% Growth Quarter-Over-Quarter - Pipeline Highlights Include Progress for Brilliance Collection
(firmenpresse) - TRENTON, NEW JERSEY -- (Marketwire) -- 12/06/11 -- Falken Industries Ltd. (OTCBB: FLKI) yesterday hosted a trade Analyst and Investor Day from 3:00-5:00 p.m. at the Headquarters of the Clean Plus® Product Group in Oslo, Norway.
Falken discussed the business strategy and positive financial outlook as related to its newly expanded production unit, its expanded capacities and priority focus on research and development in conjunction with an expanding family of global partners and distributors. The policy accelerates Falken' strategy to build a sustainably profitable company with expertise in developing a broad, diversified portfolio of products and pipeline candidates.
The company also provided an update on its financial outlook, including positive revenue growth and expected Adjusted EBITDA margin expansion, as well as confirming its belief for good results for the 4Q 2011 and as stated above, further growth in the 1Q 2012.
Management representatives discussed the rationale and vision for current policies and highlighted recent advances of Falkens' product conceptions and late-stage pipeline candidates. Also discussed were the positive evolution and contribution of Falken's expansion in product innovation and manufacturing capabilities, as previously announced in press releases. Finally, a lively discussion occurred relating to the growth outlook and financial expectations for Falken, including, consistent with a shareholder mandate early 2011, an acknowledged interest in improving the performance of its greatly undervalued stock.
"The creation of a strategic advisory unit within the company is a significant inflection point in the transformation of Falken into a sustainably profitable company with growing revenues and margins," commented Manuel Garcia, communications officer. "It will be a dramatically different company, with a broad portfolio of diverse and significant commercial products and pipeline candidates to drive growth and profitability."
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. 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.
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: 06.12.2011 - 14:28 Uhr
Sprache: Deutsch
News-ID 94533
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contact information:
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TRENTON, NEW JERSEY
Kategorie:
Specialty Chemicals
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