Sept. 11, 2008
Flexible Solutions Thanks Canadian Government Program for Financial Support.
VICTORIA, BRITISH COLUMBIA, Sept. 11, 2008 – FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (AMEX: FSI, FRANKFURT: FXT), is the developer and manufacturer of biodegradable and environmentally safe water and energy conservation technologies. The NCS Division, responsible for the majority of FSI’s revenue, produces biodegradable polyaspartic acid for oil field scale control, detergent formulations and fertilizer enhancement. Today the Company would like to publicly thank the Agriculture and Agri-Food (AAFC) Agri-Opportunities Program for its financial support in construction of FSI’s Alberta, Canada based aspartic acid plant.
The first round of funding from this federal government program has been received without hold up. The contribution was promised in February and delivered when requested. The Company would like to thank Agriculture and Agri-Food Canada, for helping Flexible Solutions through the loan process. Without such programs in place, development of new processes, in these economic times, would be difficult if not impossible.
The new plant is designed to convert certain agricultural out put into aspartic acid. The aspartic acid will be shipped to FSI’s Illinois plant for conversion into biodegradable polyaspartic acid. The Company looks forward to this first of a kind plant start-up.
About Flexible Solutions International
Flexible Solutions International, Inc. (www.flexiblesolutions.com), based in Victoria, British Columbia, is an environmental technology company specializing in 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, further results in reduced indoor humidity. The Company’s Ecosavr product targets the residential swimming pool market. The Company’s Nanochem Solutions, Inc., subsidiary specializes in environmentally friendly, green chemistry, water-soluble products utilizing thermal polyaspartate (TPA) biopolymers. TPA beta-proteins are manufactured from the common biological amino acid, L-aspartic acid.
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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.