Dec 18th 2001
FLEXIBLE SOLUTIONS INTERNATIONAL INC.
2614 Queenswood Dr.
Victoria BC V8N 1X5
NASDAQ ñ OTC: BB – ìFXSOî
FLEXIBLE SOLUTIONS ANNOUNCES KOREAN DISTRIBUTOR
Flexible Solutions is pleased to announce they have signed a distribution agreement allowing Anti-wave Korea Ltd. to market ìHEAT$AVRî in Korea. HEAT$AVR is Flexible Solutionsí energy conservation product designed for commercial and municipal swimming pools. It is a biodegradable, safe, effective ìliquid solar blanketî.
Anti-Wave Korea Ltd. is actively involved in all aspects of the swimming pool business in Korea from sales and distribution to water park construction. Flexible Solutions is especially happy with Anti-Waveís commitment to environmental sustainability, which is well matched to our emphasis on water and energy conservation.
Dan OíBrien, CEO states, ìThis agreement is very significant to us because it marks our first step into the Asian markets. We consider Asia to be an important future growth area for Flexible Solutions.î
This agreement is renewable annually based on performance and is expected to contribute to FXSOís earnings as of 1st quarter 2002. The market place for this product in Korea is more than US$ 600,000.00 per year. Flexible Solutions is confident that Anti-Wave Korea Ltd. is well placed to enter this market quickly and we look forward to a profitable long-term association.
Flexible Solutions is an environmental biotechnology company doing research and manufacturing of products intended for energy and evaporation reduction.
For more information please contact:
David Katzov or Grant MoonieÝÝÝÝÝÝÝÝÝÝÝ In Vancouver : Steve McGuireÝ 604 605 6037
The Private Securities Litigation Reform Act of 1995 provides a ìSafe Harborî for forward-looking statements.Ý 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.Ý These forward-looking statements may be impacted, either positively or negatively, by various factors.Ý Information concerning potential factors that could affect the company is detailed from time to time in the companyís reports filed with the Securities and Exchange Commission.