UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): April 16, 2019
FLEXIBLE SOLUTIONS INTERNATIONAL INC.
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(Exact name of Registrant as specified in its charter)
Alberta 001-31540 71 163 0889
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(State or other jurisdiction (Commission File No.) (Employer
of incorporation) Identification No.)
6001 54 Ave.
Taber, Alberta, Canada T1G 1X4
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(Address of principal executive offices, including Zip Code)
Registrant's telephone number, including area code: (250) 477-9969
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N/A
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(Former name or former address if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-14(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 (ss.203.405 of this chapter)
or Rule 12b-2 of the Securities Exchange Act of 1934 (ss.204.12b-2 of this
chapter.
Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has
elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the
Exchange Act. [ ]
Item 2.02. Results of Operations and Financial Condition
On April 16, 2019, the Company issued a press release announcing a year
over year increase in revenues for first quarter (Q1), 2019.
The Company's top line revenue increased from $4.201 million (Q1, 2018) to
$8.470 million (Q1, 2019), up approximately 102% year over year.
Item 9.01 Exhibits
Exhibit
Number Description of Document
99 April 16, 2019 Press Release
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: April 16, 2019
FLEXIBLE SOLUTIONS INTERNATIONAL INC.
By: /s/ Daniel B. O'Brien
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Daniel B. O'Brien, President and Chief
Executive Officer
EXHIBIT 99
FLEXIBLE SOLUTIONS
NEWS RELEASE April 16, 2019
FSI Announces First Quarter, 2019 Revenue Double
VICTORIA, BRITISH COLUMBIA, 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
"PlaceNameplaceSafe PlaceTypeHarbor" for forward-looking statements. Certain of
the statements contained herein, which are not historical facts, are forward
looking statements 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
Company Contacts Jason Bloom
Toll Free: 800.661.3560
Fax: 403 223 2905
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: info@flexiblesolutions.com
To find out more information about Flexible Solutions and our products please
visit www.flexiblesolutions.com