I have bought this bike more than 3 years ago and I am extremely satisfied. I had no issues at all. Extremely recommended to all those who do not care about the brand but want a very nice road bike for a very reasonable price. The Shimano gear 105 works very well.

Coming from a mountain bike, the Falco Elite is the first road bike I have ridden or owned and it feels excellent. It's quick, light and easy to use and appears to be made of high quality parts despite its low cost. I would recommend it to anyone keen on trying out cycling or using a bike for their regular commute.

I bought this bike last year as an entry level road bike. Coming from a mountain bike the difference is unbelievable, and I have just clocked up 2000 km. Fantastic quality at a reasonable price, and no having to deal with salesmen like other bike stores - some sort of two wheeled orientated complex they have going on. It was a pleasure to deal with the store people, and the bike has not disappointed. I now regularly go through Reid Cycles for accessories too.

I bought my Falco Elite in June 2013, as a new cyclist it was important not to spend too much but still get a reasonable level of performance. The bike has been awesome with no mechanical issues in the 6,000 km of riding I've done since June 2013, I've taken the bike to Adelaide and recently to Europe and its stood up to some rugged handling along the way. The Falco Elite works really well up hills and I've done over 45,000m of vertical climbing since Ive had the bike
Shimano 105 groupset, its very easy to maintain and to break down for travel
Original Wheels are a bit heavy but fine for regular flat riding, if you are riding up big hills then you need to change to an 11/28 Rear Cassette

I've had the bike 6 months, and bought the Mavic wheelset upgrade. The bike is still performing well. The only issues so far are common to any new bike: minor cable slippage (which they were happy to fix there and then) and the handlebar tape is wearing a little thin (general wear and tear). That's it. Everything else is running excellently.

It's nice and light. The gearing is set up for high speeds. There are plenty of high gears (I could still add pedal power when I got my high speed pb of 88 km/h), but the set up could use more low gears -- steep gradients (>15%) are particularly hard work.
inexpensive, reliable, top-quality components

This has proven to be a really good bike, I managed to get it on sale and the closest thing I could find at the time from the online competitors was $400 more but none had the full 105 groupset like the Reid elite. I use this bike to commute to work, I did have a minor warranty issue but Reid fixed it no problem.
This bike is ideal for someone starting to commute or as a training bike. If weight is a concern, replace the wheels with something lighter.
Full 105 groupset, very cheap when compared to competitors
Had an issue with the derailleur hanger bending prematurely but was fixed for free by shop

I'm certainly not an expert nowdays as I haven't riden competetively in a while but the quality of this bike is great as far as I can see. I have ridden almost 500 km on it since getting it 3 weeks ago and it doesn't miss a beat. Maybe it's not going to be for a hardcore racer but for the average person looking to get fit and have some fun riding, if you enjoy the racer style of bike, I doubt you will find better.
Love the overall weight, integrated brakes and gear shifts and the overall size suits me wonderfully.