FSI Announces Share Buy Back

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 oil field anti-scalant technology, and detergent and agricultural products. FSI wishes to inform shareholders that the Company has purchased and cancelled 792,576 shares of its common stock. The stock was purchased from an institutional fund that would have preferred to retain its position, but due to a change in mandate was required to divest.

The purchase price was $1.30 per share for a total expenditure of $1,030,349. The issued and outstanding shares of the company are reduced by 5.7% to 13,169,991 from 13,962,567.

CEO, Dan O’Brien states, "Rarely does such an opportunity appear to enhance all shareholders’ value. We are sorry to loose a significant shareholder, but pleased to be able to acquire and cancel the shares at an attractive price. With fewer shares outstanding, earnings per share and book value per share will increase and the future growth of the Company will be divided into fewer but more valuable pieces. Excess working capital was the source of funding the buy back, and therefore will have no effect on future growth of the Company."

Mr. O'Brien continues, "While on the topic of FSI's share structure I would like to point out two recent events that affect FSI’s shareholders. First, on January 1, 2011, all remaining warrants, from the 2007 financing, expired. This reduced the fully diluted shares outstanding by 490,040. Second, on January 5, 2011 a significant number of options expired including 750,000 options issued to myself and Dr. Robert O'Brien, further reducing the fully diluted shares outstanding to the current 14,290,691. As a result of the above events, fully diluted shares have decreased by more than 2,327,616 shares, or 14%.”

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

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