-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VmBHlVItXmLW0ANHWVN51xbfWmjdMFR7GJjrKohIj9OOoHlePenCbYHo+S50Fgnd SHB56bv5ah35a7c3JEQc/w== 0001200952-07-000445.txt : 20071011 0001200952-07-000445.hdr.sgml : 20071011 20071011123854 ACCESSION NUMBER: 0001200952-07-000445 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20071011 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071011 DATE AS OF CHANGE: 20071011 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FLEXIBLE SOLUTIONS INTERNATIONAL INC CENTRAL INDEX KEY: 0001069394 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS CHEMICAL PRODUCTS [2890] IRS NUMBER: 911922863 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31540 FILM NUMBER: 071166798 BUSINESS ADDRESS: STREET 1: 2614 QUEENSWOOD DR CITY: VICTORIA B C V8N 1X5 STATE: A1 BUSINESS PHONE: 2504779969 MAIL ADDRESS: STREET 1: 2614 QUEENSWOOD DR CITY: VICTORIA BC CANADA STATE: A1 8-K 1 fsi_8k-71011b.htm FORM 8-K fsi_8k-71011b.htm
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): October 11, 2007
 
FLEXIBLE SOLUTIONS INTERNATIONAL INC. 
(Exact name of Registrant as specified in its charter)
 
Nevada
 
000-29649
 
91-122863
(State or other jurisdiction
of incorporation)
 
(Commission File No.)
 
(IRS Employer
Identification No.)
 
615 Discovery Street
Victoria, British Columbia V8T 5G4
(Address of principal executive offices, including Zip Code)
 
 
Registrant’s telephone number, including area code: (250) 477-9969 
 
 
N/A 
(Former name or former address if changed since last report)
 
 
Check appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below)
 
[    ]    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))
 
 


 
Item 8.01
Other Events.
 
On October 11, 2007, Flexible Solutions International, Inc. issued a press release announcing low cost financing for construction of a new facility.
 
Item 9.01
Financial Statements and Exhibits
 
Exhibit
Description
 
99.1
Press Release issued October 11, 2007
 
 
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: October 11, 2007.
 
FLEXIBLE SOLUTIONS INTERNATIONAL INC. 
 
By:/s/ DANIEL B. O'BRIEN
Daniel B. O’Brien,
President and Chief Executive Officer

EX-99.1 2 fsi_ex991-71011b.htm PRESS RELEASE fsi_ex991-71011b.htm
Exhibit 99.1
 
 
NEWS RELEASE
Oct 11, 2007
 
FSI Announces Low Cost Financing for Construction of New Facility

VICTORIA, BRITISH COLUMBIA, Oct. 11, 2007 – FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (AMEX: FSI, FRANKFURT: FXT), is the developer and manufacturer of biodegradable and environmentally safe water and energy conservation technologies, as well as anti-scalant technology. Today the Company announces a low interest rate financing to cover a significant portion of the cost of the aspartic acid facility in Alberta.

In order to prevent dilution to FSI shareholders, management has obtained a loan for $2 million Canadian at 5%. The loan is interest only in year 1, while the new facility is prepared for production. A 5 year interest and principle repayment term then begins in year 2. US$3 million has already been raised in an equity financing to build the facility.

With regard to expansion of manufacturing to include aspartic acid, FSI will begin refitting the newly purchased building by November 30, 2007, the closing date. CEO Dan O’Brien states, “We expect production from this facility to begin in Third Quarter, 2008 with full production in Fourth Quarter, 2008.”  Mr. O’Brien continues, “It is anticipated that the new facility will reduce the NanoChem Division’s input costs (of aspartic acid), resulting in profit margins for TPA that were experienced a number of years ago, when the price of crude oil was much lower. We expect that the combination of better margins and government regulation in our product’s favor will improve our cash flow and profits. The continued increase in the cost of competing oil derived and non-biodegradable products should allow Flexible Solutions easier access to the large main stream detergent and water treatment industries.”

About Flexible Solutions International
Flexible Solutions International, Inc. (www.flexiblesolutions.com), based in Victoria, British Columbia, is an environmental technology company specializing in 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, further results in reduced indoor humidity. The Company’s Ecosavr product targets the residential swimming pool market. The Company’s Nanochem Solutions, Inc., subsidiary specializes in environmentally friendly, green chemistry, water-soluble products utilizing thermal polyaspartate (TPA) biopolymers. TPA beta-proteins are manufactured from the common biological amino acid, L-aspartic acid.

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: monique@flexiblesolutions.com
To find out more information about Flexible Solutions and our products please visit www.flexiblesolutions.com
 
 
 

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