[FLEXIBLE SOLUTIONS LOGO]
THE WALL STREET GROUP, INC. COMPANY CONTACTS: DAVID KATZOV OR GRANT MOONIE
32 EAST 57TH STREET 250-477-9821
NEW YORK, NEW YORK 10022 JENS BIERTUMPEL
(212) 888-4848 604-682-1799
FLEXIBLE SOLUTIONS 1ST QTR 2003 REVENUES TO EXCEED 2002 ANNUAL REVENUES
FURTHER WORLDWIDE SALES GROWTH ANTICIPATED AS SUMMER SEASON APPROACHES
VICTORIA, BRITISH COLUMBIA, APRIL 7, 2003 - FLEXIBLE SOLUTIONS INTERNATIONAL,
INC. (AMEX: FSI, FRANKFURT: FXT), the developer and manufacturer of
environmentally safe water conservation technology, expects that revenues for
the first quarter ended March 31, 2003, will be more than U.S. $1.3 million,
exceeding total annual revenues for all of 2002, it was announced today by
Daniel B. O'Brien, the Company's President and Chief Executive Officer.
"We anticipate further growth stemming from our sales and marketing efforts
around the world and from the Company's ongoing partnership with key
distributors and government entities," Mr. O'Brien stated. "As we move into the
Northern Hemisphere's summer season, sales are expected to accelerate due to
greater demand for our water evaporation retardants."
Flexible Solutions' Water$avr Global Solutions Inc. wholly owned subsidiary,
based in Yorkville, Ill., accounted for 40% of the Company's first quarter
revenue due to growing sales of Water$avr, which targets an estimated $7 billion
worldwide agricultural and industrial markets. Strong sales in the swimming pool
product division for the Company's Heat$avr and Tropical Fish(TM) water
evaporation retardants also contributed to the increase.
For the year ended Dec. 31, 2002, Flexible Solutions had total revenues of
$1,112,192, compared with $1,334,273 for 2001.
The Company expects to report actual first quarter financial results on or
before May 15, 2003.
ABOUT FLEXIBLE SOLUTIONS INTERNATIONAL
Flexible Solutions International, Inc. (www.flexiblesolutions.com), the
developer and manufacturer of the world's first commercially viable water
evaporation retardant, is an environmental technology company specializing in
energy and water conservation products for drinking water, agriculture,
industrial markets and swimming pools throughout the world. Water$avr reduces
evaporation by up to 30% on reservoirs, lakes, aqueducts, irrigation canals,
ponds and slow moving rivers. Water$avr, which is patented, has been certified
by the United Nations, the National Sanitation Foundation (NSF) and meets the
drinking water standards of the American National Standard Institute (ANSI).
Heat$avr, 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 Tropical Fish(TM)
product targets the residential swimming pool market.
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The Private Securities Litigation Reform Act of 1995 provides a "Safe Harbor"
for forward-looking statements. Certain on 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.