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EXHIBIT 99.1
NEWS RELEASE January 15, 2013
FSI Announces an Increase in Fourth Quarter and Full Year 2012 Revenue
VICTORIA, BRITISH COLUMBIA, January 15, 2013 - FLEXIBLE SOLUTIONS INTERNATIONAL,
INC. (AMEX: FSI, FRANKFURT: FXT), is the developer and manufacturer of
biodegradable polymers for oil extraction, detergent ingredients and water
treatment as well as crop nutrient availability chemistry. Flexible Solutions
also manufactures biodegradable and environmentally safe water and energy
conservation technologies. Today the Company announces a year over year increase
in revenues for fourth quarter (Q4), and full year (FY) 2012.
Flexible Solutions' fourth quarter top line revenue increased from $3.37million
(Q4, `11) to $3.85million (Q4, `12), up 14% year over year. Top line revenue for
Full Year 2012 increased from $15.52million (FY,'11) to $16.40million (FY, '12),
up 6% year over year.
Mr. Dan O'Brien, CEO, comments, "We are pleased to see revenue growth resume and
expect the rate of growth to accelerate well beyond the 2012 full year rate in
2013. The strength of the agriculture and energy sectors will largely dictate
the final numbers, but I also count on our dedicated team to achieve this
growth."
The largest increase in FSI's sales came from the agriculture sector. The
product is used to increase fertilizer availability to crops, creating higher
yields with no increase in the amount of fertilizer used. Given current crop
prices, the cost of using FSI's product is a fraction of the value of the yield
increase, which results in a significant net profit for growers, dealers and
distributors.
Complete financial results will be available March 30, 2013 concurrent with our
SEC full year filings.
About Flexible Solutions International Flexible Solutions
International, Inc. (www.flexiblesolutions.com), based in Victoria, British
Columbia, is an environmental technology company. The Company's NanoChem
Solutions Inc. subsidiary specializes in biodegradable, water-soluble products
utilizing thermal polyaspartate (TPA) biopolymers. TPA beta-proteins are
manufactured from the common biological amino acid, L-aspartic and have wide
usage including scale inhibitors, detergent ingredients, water treatment and
crop enhancement. The other divisions manufacture 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 can result in reduced indoor pool humidity. The Company's Ecosavr
product targets the residential swimming pool market providing the same savings
as Heatsavr.
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.
Flexible Solutions International
615 Discovery Street, Victoria, BC V8T 5G4 CANADA
Company Contacts
Jason Bloom
Tel: 250.477.9969
Toll Free: 800.661.3560
Fax: 250.477.9912
Email: info@flexiblesolutions.com
If you have received this news release by mistake or if you would like to be
removed from our update list please reply to: alishap@flexiblesolutions.com To
find out more information about Flexible Solutions and our products please visit
www.flexiblesolutions.com
