VICTORIA, British Columbia--(BUSINESS WIRE)--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 third quarter (Q3), 2014.
Sales were higher in Q3, 2014 than in Q3, 2013. Flexible Solutions’ top line revenue increased from $2.981 million (Q3, ‘13) to $3.850 million (Q3, ‘14), up 29% year over year. Total 9 month revenue for 2014 stands at $11.950 million compared to $12.370 million for 2013, down approximately 3% year over year. Although Q3, 2014 revenue was significantly higher than Q3 revenue of the previous year, it is too difficult to predict fourth quarter, as well as full year, 2014 revenue.
Complete financial results for Q3, 2014 will be available by November 14, 2014, concurrent with our SEC third quarter 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
206 – 920 Hillside Ave, Victoria, BC V8T 1Z8 CANADA
Toll Free: 800.661.3560
If you have received this news release by mistake or if you would like
to be removed from our update list please reply to: email@example.com.
To find out more information about Flexible Solutions and our products please visit www.flexiblesolutions.com.