Flexible Solutions International, Inc.
FSI Announces First Quarter, 2019 Revenue Double
Tuesday, April 16, 2019 12:00 PM
VICTORIA, BC / ACCESSWIRE / April 16, 2019 / FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (NYSE-AMERICAN: 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 first quarter (Q1), 2019.
Sales were higher in Q1, 2019 than in Q1, 2018. Flexible Solutions' top line revenue increased from $4.201 million (Q1, 2018) to $8.470 million (Q1, 2019), up approximately 102% year over year.
CEO, Dan O'Brien states, "The quarter showcases the effects of the acquisition last fall, the effort we have been making to grow internal sales and the exceptional work of our team from factory staff to senior scientists. Each FSI employee should be proud of their contribution to this record result." Mr. O'Brien continues, "This quarter is likely to be indicative of the remaining quarters in 2019."
Complete financial results will be available after market close on May 15, 2019, concurrent with the Company's SEC first quarter filings. A conference call will be scheduled for 8:00 am Pacific Time, 11:00 am Eastern Standard Time, Thursday, May 16, 2019. See the FSI May 15, 2019 financials news release for the dial in numbers.
About Flexible Solutions International
Flexible Solutions International, Inc. (www.flexiblesolutions.com), based in Taber, Alberta, 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. Along with TPA, this division produces other crop enhancement products. 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 WaterSavrTM, the world's first commercially viable water evaporation retardant. WaterSavrTM reduces evaporation by up to 30% on reservoirs, lakes, aqueducts, irrigation canals, ponds and slow moving rivers. HeatsavrTM, 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.
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
6001 54th Ave, Taber, Alberta, CANADA T1G 1X4
Toll Free: 800.661.3560
Fax: 403 223 2905
Email: [email protected]
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To find out more information about Flexible Solutions and our products please visit www.flexiblesolutions.com.
SOURCE: Flexible Solutions International, Inc.