SOURCE: Flexible Solutions International, Inc.

April 05, 2005 08:00 ET

FSI Announces Record Q-1 Revenue of $2.02 Million

Conference Call Scheduled for April 6th

VICTORIA, BC -- (MARKET WIRE) -- April 5, 2005 -- Flexible Solutions International, Inc. (AMEX: FSI) (FRANKFURT: FXT), the developer and manufacturer of biodegradable and environmentally safe water and energy conservation technology, as well as anti-scalant and plant growth enhancement technology, today announced record revenue of $2,023,587 for the quarter ending March 31st, 2005, compared to $488,110 for the comparable quarter of 2004.

Mr. Fred Kupel, Chief Financial Officer, states, "We are pleased to see that the acquisition of our NanoChem division last year combined with the start of the 2005 North American swimming pool sales season have contributed to record revenue for first quarter. Management expects a profit for the quarter and will file the definitive 10QSB report in the week of May 9th."

Flexible Solutions International, Inc. will hold a conference call on April 6th, 2005, at 9 am Pacific Time (noon Eastern and 6 pm Central European) to discuss 2004 year-end results and first quarter 2005 revenue. Please call our offices at 1 800 661 3560 between 8 am and 4 pm Pacific Daylight Time for the conference call number and access code. Ask for Karen Boudewyn.

About Flexible Solutions International

Flexible Solutions International, Inc. (www.flexiblesolutions.com), based in Victoria, British Columbia, is the developer and manufacturer of WaterSavr, the world's first commercially viable water evaporation retardant. FSI is an environmental technology company specializing in energy and water conservation products for drinking water, agriculture, industrial markets and swimming pools throughout the world. WaterSavr reduces evaporation by up to 30% on reservoirs, lakes, aqueducts, irrigation canals, ponds and slow moving rivers. Heatsavr, a "liquid blanket" evaporation retardant for the commercial swimming pool and spa markets, also reduces humidity and lowers water heating costs, resulting in energy savings of 15% to 40%. The Company's Ecosavr product targets the residential swimming pool market.The Company's NanoChem Solutions, Inc., subsidiary specializes in environmentally friendly, water-soluble products utilizing thermal polyaspartate (TPA) biopolymers. TPA beta-proteins are manufactured from the common biological amino acid, L-aspartic acid.

Safe Harbor Provision

The Private Securities Litigation Reform Act of 1995 provides a "Safe Harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statement with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission.

Contact Information

  • Company Contact:
    Head Office
    (250) 477 9969
    (800) 661 3560

    Jens Biertumpel
    (604) 682 1799