FSI Announces Second Quarter Revenues Significantly Above Expectations

SOURCE:

Flexible Solutions International Inc.

2008-07-15 07:30:00

VICTORIA, BC–(EMWNews – July 15, 2008) – Flexible Solutions International Inc. (AMEX: FSI) (FRANKFURT: FXT) is the developer and manufacturer of biodegradable

and environmentally safe water and energy conservation technologies, as

well as anti-scalant technology. Today the Company announces a significant

year-over-year increase in revenues for Second Quarter (Q2), 2008.

Sales into most divisions were strong and, more specifically, the NanoChem

Division sales into agriculture, oil extraction and detergent industries

were significantly stronger than in Q2, 2007. As a result, Flexible

Solutions’ top line revenue was up more than 36% year-over-year when

compared to Q2, 2007. Top line revenue increased from $2.14 million (Q2,

’07) to $2.92 million (Q2, ’08). Note also that in comparing year-over-year

revenue for second quarter, Q2, 2008 revenue is the highest revenue

reported for a Q2 by the Company. This brings first half revenue to $6.42

million, up 45% over first half of 2007.

As reported in previous news releases, Flexible Solutions Management

indicated that any slowdown in revenue growth in 2007 would likely be

temporary. It is anticipated that revenue growth for 2008 may track higher

than analyst expectations. Second Quarter financials will be available by

mid-August when the Company’s auditors have completed their review.

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.

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.

If you have received this news release by mistake or if you would like to

be removed from our update list please reply to:

karenr@flexiblesolutions.com.

To find out more information about Flexible Solutions and our products

please visit www.flexiblesolutions.com.

Company Contacts

Jason Bloom
Tel: (250) 477-9969
Toll Free: 800-661-3560
Fax: (250) 477-9912
Email:

Flexible Solutions International
615 Discovery Street
Victoria, B.C.
V8T 5G4 CANADA

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