14 March 2001
FLEXIBLE SOLUTIONS INTERNATIONAL INC.
2614 Queenswood, Victoria BC V8N 1X5
NASDAQ – OTC BB: “FXSO”
NEW FACTORY LOCATION CHOSEN
Flexible Solutions International Inc. is pleased to announce that the Board of Directors has formally chosen Calgary, Alberta as the site of the Company’s first production facility for “Water$avr”, Flexible Solutions’ patent pending evaporation reduction powder.
The Calgary factory will have an initial design capacity of 100 000 lbs of Water$avr per shift and will be scalable in 100 000 lbs. increments. The annual 25 million lbs. of capacity has the potential to generate US$ 75 million in revenue.
Plant and equipment design is largely complete and competitive quotes have already been received for all required machinery. A survey of available lease buildings has been done and an agent engaged.
Water$avr is a powder which can be applied to open water surfaces, bare soil, crops and lawns. It slows the evaporation of water by up to 45% which effectively allows more water to be used for agriculture, drinking and industry by reducing evaporative losses.
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, 250 477 9821