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With a market capitalization of under $ 30 million, a global success disproportionate to its size and product concepts sitting on the shelves of retailers and in the shops of professionals and assembly plants of factories almost every where, the company keeps the momentum going and that, without skipping a beat. Following the announcement of a recently signed $ 6 million agreement for distribution in Egypt, the company is now underway to establish a landing platform for distribution of its conceptions in Bulgaria : why ? Manuel Garcia, communications officer responding to puzzled looks at the Press Conference said : "Modern Bulgaria is a vibrant growing nation that like FLKI is looking to the future". The country is also seeped in a rich cultural heritage. Since the fall of the USSR, Bulgaria has been undergoing dramatic economic changes, shifting to a free market economy, privatization, and has benefited from significant international investment. Bulgaria, a member of the European Union since 2007, has an industrialized open free market with a large advanced private sector and strategically state-owned enterprises. The recent global financial crisis has proven no crisis at all with the impact on Bulgaria far less than that suffered by its sister EU states. Unemployment is low and the country has a stable rate of economic growth. It's expected that Bulgaria will join the Euro-zone as early as this year. Bulgaria's economic climate is poised for further growth and investment. More importantly, Eastern Europe and the ex-soviet states where its product conceptions are widely distributed put the area high on the priority agenda for FLKI. Bulgaria has long been an important stabilizing factor in Eastern Europe's economic and political climate. At a crossroad, between major FLKI markets, the Middle East, Europe and Africa, Bulgaria holds a strategic geographic location. Bulgaria strategic geographical location between the Black Sea and bordered by Turkey, Greece, the Republic of Macedonia, Serbia, and Romania holds a significant role for trade of FLKI product concepts in the region. Bulgaria has a long history of foreign rule, and rich cultural fusion which has formed a cultural tapestry that can be seen in Bulgaria's culture, language and religion. Its rich history has left a significant historical legacy, spectacular architecture and beautiful cultural works. Modern day Bulgaria keeps alive its ancient traditions while embracing the future as it grows into a modern state. The country has a well-developed energy sector which places it in a significant role throughout the Balkans where FLKI professional and industrial products are widely respected. Bulgarians are enjoying an increased prosperity and the higher level of disposable income has created a high demand for high performance convenience oriented products such as those conceived by FLKI. The Clean Plus® Product Group who will establish the landing platform has a growing relationship with Bulgarian consumers and is confident that its strategy for Eastern European markets will continue to prosper. The Product Group has a significant presence and continues to cut major inroads into Eastern Europe as it concludes numerous distribution arrangements in Turkey, the Czech Republic, Estonia, Lithuania, Slovakia, Moldova, Russia and Poland. Bulgaria is the logical next step to complete coverage of the Baltic area. These are no fools rushing in. 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.
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