NEWS RELEASE
October 26, 2006
FSI ANNOUNCES AUSTRAILIAN MUNICIPALITY ORDERS FULL SEASON SUPPLY OF WATERSAVR
VICTORIA, BRITISH COLUMBIA, Oct. 26, 2006 – FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (AMEX: FSI, FRANKFURT: FXT), the developer and manufacturer of biodegradable and environmentally safe water and energy conservation technologies, as well as anti-scalant technology, has announced today that a full season’s supply of the company’s water evaporation retardant, WaterSavr, has been ordered by an Australian municipality with revenue to occur in the fourth quarter of 2006.
“An extended acute drought in Australia is driving innovation in water conservation. We are pleased that a municipality has chosen to save drinking water by using our WaterSavr technology,” States CEO, Dan O’Brien. He further states, “Other water authorities and users are now considering applying WaterSavr technology as a means of conserving precious water.”
About Flexible Solutions International
Flexible Solutions International, Inc. (www.flexiblesolutions.com), based in Victoria, British Columbia, is the developer and manufacturer of WaterSavr, the world’s first commercially viable water evaporation retardant. 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. 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, also reduces humidity and lowers water heating costs, resulting in energy savings of 15% to 40%. 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.
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.