8 March, 2004

NEWS RELEASE

AMEX "FSI"     FRANKFURT "FXT"


FLEXIBLE SOLUTIONS INTERNATIONAL ANNOUNCES AGREEMENT TO PURCHASE ASSETS OF
BANKRUPT IL COMPANY

Agreement subject to Due Diligence and Court Approval

VICTORIA, BRITISH COLUMBIA, March 8, 2004 - FLEXIBLE SOLUTIONS
INTERNATIONAL, INC. (AMEX: FSI, FRANKFURT: FXT
), the developer and
manufacturer of environmentally safe water conservation technology, today
announced that the Company has entered into an agreement to purchase
substantially all the assets of an Illinois company engaged in manufacture
and sale of environmentally sound chemicals for the water industry. The
asset purchase agreement is with the largest secured creditor and recognizes
FSI as a creditor approved bid for the assets during the bankruptcy
proceeding. If concluded, the purchase will be priced at $6,150,000 and FSI
expects to finance the purchase through cash on hand and debt. This purchase
is subject to due diligence and the rulings of the bankruptcy court.

About Flexible Solutions International
Flexible Solutions International, Inc. (www.flexiblesolutions.com), based in Victoria, British Columbia, is the developer and manufacturer of Water$avr, the world's first commercially viable water evaporation retardant. Its Water$avr division is based in Yorkville, Ill. 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. Water$avr reduces evaporation by up to 30% on reservoirs, lakes, aqueducts, irrigation canals, ponds and slow moving rivers. Water$avr, which is patented, has been certified by the United Nations, the National Sanitation Foundation (NSF) and meets the drinking water standards of the American National Standard Institute (ANSI). Heat$avr, 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 Tropical Fish(tm) product targets the residential swimming pool market.

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.

THE WALL STREET GROUP, INC.

32 East 57th Street

New York, New York 10022

Tel: 212.888.484
8


Investor Relations CANADA:

Jens Biertumpel

Tel: 604.682.1799


Corporate Head Office:

FLEXIBLE SOLUTIONS INTERNATIONAL

David Katzov / Grant Moonie

Tel: (250) 477-9821 Fax: (250) 477.9912