May 6, 2010
FSI First Quarter, 2010 Financials Expected - and Conference Call
VICTORIA, BRITISH COLUMBIA, May 6, 2010 - FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (NYSE Amex: FSI, FRANKFURT: FXT), is the developer and manufacturer of biodegradable polymers for oil extraction, detergent ingredients and crop nutrient availability chemistry, as well as biodegradable and environmentally safe water and energy conservation technologies. Today the Company announces the dates set for first quarter, 2010 revenue release and conference call.
First quarter (Q1), 2010 revenue rose to $3.38million, up from $2.66million in Q1, '09. Combined with the significant revenue increases in Q3 and Q4, 2009 and in relation to revenue declines seen during first and second quarters of 2009, this consecutive increase in sales may indicate a significant reversal in the revenue trend for the Company.
Financial statements will be released concurrent with our 10-Q SEC report on May 13th after market close. A CONFERENCE CALL is scheduled for 11:00 am Eastern Time, 8:00 am Pacific Time, on Friday, May 14, 2010. CEO, Dan O'Brien will speak and take questions regarding the quarter past and future expectations. To participate in this conference call, please dial 1-888-549-7880 (or 1-480-629-9867) just prior to the scheduled call time. The conference call title, "First Quarter Financials," may be requested.
About Flexible Solutions International
Flexible Solutions International, Inc. (www.flexiblesolutions.com), based in Victoria, British Columbia, is an environmental technology company. The Company's NanoChem Solutions Inc. subsidiary specializes in biodegradable, water-soluble products utilizing thermal polyaspartate (TPA) biopolymers. TPA beta-proteins are manufactured from the common biological amino acid, L-aspartic and have wide usage including scale inhibitors, detergent ingredients, water treatment and crop enhancement. The other divisions manufacture energy and water conservation products for drinking water, agriculture, industrial markets and swimming pools throughout the world. FSI is the developer and manufacturer of WaterSavr, the world's first commercially viable water evaporation retardant. 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, reduces energy costs by 15% to 40% and can result in reduced indoor pool humidity. The Company's Ecosavr product targets the residential swimming pool market providing the same savings as Heatsavr.
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.
Flexible Solutions International
615 Discovery Street, Victoria, BC V8T 5G4 CANADA
Tel: 250 477 9969
Toll Free: 800 661 3560
Fax: 250 477 9912
If you have received this news release by mistake or if you would like to be removed from our update list please reply to: Laura@flexiblesolutions.com
To find out more information about Flexible Solutions and our products please visit www.flexiblesolutions.com