FSI Announces Third Quarter Financial Results: EPS of $0.01

Flexible Solutions International, Inc. (NYSE AMEX: FSI, FRANKFURT: FXT), is a developer and manufacturer of biodegradable and environmentally safe, water and energy conservation technology, as well as anti-scalant and crop nutrient enhancement products. Today the Company announces financial results for the Third quarter (Q3) ended Sept. 30, 2010. Mr. Daniel B. O'Brien, CEO, states, “This quarter displays the continuation of FSI's revenue growth trend for 2010. The effect of the recent recession on the Company's revenue was swift, negatively affecting first and second quarters of 2009. The higher revenue number for Q3 2010 is the result of increased sales in all product lines. The Q3, 2010 sales figure is now the largest sales number produced in a third quarter in the history of the Company. If not for the expensing of new factory construction and interest expense ($230,432), expenses not related to current operating activities, Flexible Solutions would have posted a positive net income from operations for the quarter.” Mr. O'Brien continues, “I am very pleased with our financial progress in 2010 and we have added to our sales team in order to accelerate into 2011.” Sales in the third quarter (Q3), were $2,676,921, up 9% when compared to sales of $2,448,994, in the corresponding period a year ago. The result was a GAAP accounting net loss of $155,415, or $0.01 per basic weighted average shares for Q3, 2010, compared with a net loss of $161,682, or $0.01 per basic weighted average share, in Q3, 2009.