Falken Industries Signs Strategic Alliance Agreement With Czech Distributor
20 Novembre 2007 - 3:30PM
PR Newswire (US)
PARIS, November 20 /PRNewswire-FirstCall/ -- Falken Industries Ltd
- Clean Plus(R) Product Group today announced that they have signed
a strategic alliance agreement with a top-tier Super Distributor in
the Czech Republic for their "Premium" line of auto care products.
The signed agreement stipulates a minimum committed annual purchase
of 150,000 EUR ($200,000) for five years. The aggregate sum of this
agreement is 750,000 EUR ($1,000,000). The Super Distributor
already has established distribution channels with some of the
leading automotive aftermarket retailers in the Czech Republic.
Introduced to the distributor at Equip Auto 2007, held at Parc
D'Expositions in Paris, France, the line's ready-to-sell
positioning was the ultimate deciding factor in bringing the
products to the Czech Republic. "Clean Plus(R) products are
currently sold though open-ended distribution in Romania, Estonia,
and Lithuania," comments Helle Madso, Executive Vice President -
Europe, "This alliance, however, marks Falken Industries first
Super Distribution agreement for an Eastern European market." The
Super Distributor is confident in its ability to successfully
launch the Clean Plus(R) "Premium" line of auto care products, "We
are delighted to promote a recognized brand like Clean Plus(R). We
are extremely optimistic about our ability to stimulate sales and
gain a significant market share." With this recent signing, Clean
Plus(R) products are now present in over 20 international markets.
About Falken Industries Ltd: Falken Industries Ltd. (OTC:FLKI), a
New Jersey corporation (USA), is a leading developer, manufacturer,
and marketer of innovative wet wipe products with 80,000 square
feet production facilities in France. Its core product group is the
leading Clean Plus(R) brand of high performance products -
http://www.cleanplus.com/. For further information on the company,
interested parties may also visit http://www.falkenltd.com/.
Disclosure: This press release includes statements that may
constitute "forward-looking" statements, usually containing the
words "believe", "estimate", "project", "expect" or similar
expressions. These statements are made, to the extent relevant,
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements
inherently involve risks and uncertainties that could cause actual
results to differ materially from the forward-looking statements.
Factors that would cause or contribute to such differences include,
but are not limited to, acceptance of the Company's current and
future products and services in the marketplace, the ability of the
Company to develop effective new products and receive regulatory
approvals of such products, competitive factors, dependence upon
third-party vendors, and other risks. By making these
forward-looking statements, the Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release. Contact: E. David Gouiran Investor Relations Falken
Industries Ltd. 146, rue du Chateau Paris 75014 FRANCE Tel.
+33-(0)1-45-42-19-16 Email: DATASOURCE: Falken Industries Ltd.
CONTACT: Contact: E. David Gouiran, Investor Relations, Falken
Industries Ltd., 146, rue du Chateau, Paris 75014 FRANCE, Tel.
+33-(0)1-45-42-19-16, Email:
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