May 30th, 2002
FLEXIBLE SOLUTIONS INTERNATIONAL INC.
Corporate Headquarters
2614 Queenswood Dr.
Victoria BC V8N 1X5
E-mail: info@flexiblesolutions.com
| NASDAQ – OTC:BB – “FXSO” | FRANKFURT “FXT” |
First Container of Water$avr Headed for India
Flexible Solutions is pleased to announce that the first container load of Water$aver is being manufactured in Texas for shipment to India. This is the initial part of the US$ 1,000,000 order the Company announced in January 2002. Revenue will be realized early in 3rd quarter.
Patrick Grant, President of the Water$avr division, elaborates, “This shipment and those to follow will be sold to government and industrial users in India by our Indian distributor, Ideal Business Solutions. India is an excellent market for W$ because of the competition amongst agricultural, industrial and residential users for scarce water supplies.”
In related news, independent testing of W$ by Anna University of Chennai, India during March proved evaporation savings of 30% in hot dry conditions with moderate wind speeds. Anna University is an internationally recognized institute with decades of research experience in water and conservation.
Water$avr is an evaporative control powder that is self-spreading over the surface of reservoirs, canals and rivers. By retaining available water, W$ provides more water at an applied cost as low as $.04 (.05 Euro) per cubic meter.
Flexible Solutions (NASDAQ- OTC:BB- “FXSO”; FRANKFURT- “FXT) is an environmental biotechnology company engaged in the development and sale of energy and water conservation products. For more information please contact:
| David Katzov or Grant Moonie | In Europe: Holtermann & Team |
| Corporate Communications | tel: 0-69-2193 1352 |
| Flexible Solutions Intl. Ltd | fax: 0-69 2193 1321 |
| (250) 477 9821 | email: holtermann@htcom.de |
The Private Securities Litigation Reform Act of 1995 provides a “Safe Harbour” for forward looking statements. Certain of the statements contained herein which are not historical facts are forward looking statements 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 Commision.