EX-99
2
form8k202ex991may-19.txt





                                  EXHIBIT 99.1






NEWS RELEASE
May 17, 2019

       FSI ANNOUNCES FIRST QUARTER, 2019 FINANCIAL RESULTS Conference call
           scheduled for Monday May 20th, 2019, 11:00am Eastern time,
                              8:00 am Pacific Time
                            See dial in number below

VICTORIA,  BRITISH COLUMBIA,  May 17, 2019 - FLEXIBLE  SOLUTIONS  INTERNATIONAL,
INC. (NYSE 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 financial results for the
first quarter ended March 31, 2019.

Mr. Dan  O'Brien,  CEO  comments,  "We are very  pleased with the results of our
first quarter.  Having a record profit to go with record revenue truly shows the
quality of our team and, in  addition,  the quality of the new team  members who
joined us last October." CEO O'Brien continues, "Nine cents a share is excellent
earnings,  however,  Shareholders  should be aware that earnings were reduced by
two  items.  The  costs of the  October  ENP  acquisition  reduced  earnings  by
approximately  1/2 cent per share  which  will not  recur.  Second,  during  the
quarter we placed more than $250,000 in tariffs with the US Government,  most of
which will be  recovered  over a period of time  through the rebate  program for
export sales." Mr. O'Brien concludes,  "At some future point we will receive the
tariff  rebates and since the  acquisition  won't  recur,  we consider  that the
underlying non-GAAP earning for the quarter to be 11 cents rather than 9."

     o    Sales for the first quarter (Q1), 2019 were up  approximately  102% to
          $8,471,476  when  compared to sales of  $4,201,180  for Q1, 2018.  The
          result was an after tax GAAP  accounting net income of $1,011,150,  or
          $0.09 per weighted  average  share for Q1, 2019,  compared to an after
          tax GAAP  accounting  net income of  $703,664,  or $0.06 per  weighted
          average  share  for Q1,  2018.  See  comment  above  regarding  tariff
          rebates.  o o Basic weighted average shares used in computing earnings
          per share amounts for the quarter were:  11,705,613 and 11,620,291 for
          Q1, 2019 and Q1, 2018 respectively.

     o    Non-GAAP  operating cash flow: For the 3 months ending March 31, 2019,
          net income reflects  $154,026 of non-cash  charges  (depreciation  and
          stock option  expenses),  loss on  involuntary  disposition,  interest
          income,  interest  expense,  (gain)/loss on investment,  write down of
          inventory, deferred tax expense, and income tax. These items are items
          not related to operating or current operating  activities.  When these
          items  are  removed,   the  Company  shows   operating  cash  flow  of
          $1,300,360, or $0.11 per share. This compares with operating cash flow
          of $1,104,379  or $0.10 per share,  in the  corresponding  3 months of
          2018 (See the table that  follows for  details of these  calculations.
          Anticipated tariff rebates are not included in the operating cash flow
          number).

The NanoChem division continues to be more than 60% of revenue and cash flow for
the Company. New opportunities continue to unfold in detergent, water treatment,
oil field  extraction  and  agricultural  use to further  increase sales in this
division.  In past years the  NanoChem  division  sales have been less  volatile
quarter over quarter,  however due to increasing  sales to agriculture,  revenue
seasonality may become larger.

* a  conference  call has been  scheduled  for 11:00 am  Eastern  Time,  8:00 am
Pacific Time, on Monday May 20th , 2019. CEO, Dan O'Brien will be presenting and
answering  questions on the conference  call. To participate in this call please
dial toll  free1-888-220-8474  (or +1 856-344-9221)  just prior to the scheduled
call time. The conference  call title,  "First Quarter 2019 Financial  Results,"
may be requested.

The above  information  and  following  table contain  supplemental  information
regarding  income and cash flow from  operations  for the period ended March 31,
2019.  Adjustments to exclude  depreciation,  stock option expenses and one time
charges are given. This financial information is a Non-GAAP financial measure as
defined by SEC regulation G. The GAAP financial measure most directly comparable
is net income.  The reconciliation of each of the Non-GAAP financial measures is
as follows:


                                       1


                        FLEXIBLE SOLUTIONS INTERNATIONAL, INC.
                      Consolidated Statement of Operations
          For 3 Months Ended March 31 (3 Months Operating Cash Flow)
                                   (Unaudited)
-------------------------------------------------------------------------------
                                                    3 months ended March 31
                                                    2019             2018
                                            -----------------------------------
Revenue                                        $8,471,476     $4,201,180

Income (loss) before income tax - GAAP         $1,293,495 a   $1,005,560 a

Provision for Income tax(Recovery) net  - GAAP $(253,081) a   $  (301,896)

Net income (loss)  - GAAP                      $1,011,150 a   $   703,664 a

Net income (loss) per common share - basic. -  $     0.09 a   $      0.06 a
GAAP
3 month weighted average shares used in        11,705,613      11,620,291
computing per share amounts - basic.-  GAAP
                                                  3 month Operating Cash Flow
                                                        Ended March 31
                                               ---------------------------------
Operating Cash Flow (3 months). NON-GAAP       $1,300,360 b,c  $1,104,379 b

Operating Cash flow per share excluding        $     0.11 b,c  $     0.10 b
non-operating items and items not related to
current operations (3 months) - basic.
NON-GAAP
Non-cash Adjustments (3 month) GAAP            $  154,026 d    $   85,400 d

Shares (3 month basic weighted average) used 11,620,291 in computing per share
amounts - basic GAAP 11,705,613

Notes: certain items not related to "operations" of the Company have been
       excluded from net income as follows.

a)   Non-GAAP -::See comment on page 1 regarding treatment of tariffs. Provision
     for Income tax less Deferred  income tax recovery = $379,080 less $125,999.
     See the financials for these numbers.
b)   Non-GAAP - amounts exclude  certain cash and non-cash  items:  depreciation
     and  stock  option  expense  (2019 =  $154,026,  2018 =  $85,400),  Gain on
     investment ( 2019 = $230,652,  2018 = N/A), net  gain/(loss) on involuntary
     disposition  of  equipment  (2019  = N/A,  2018 =  $7,716),  write  down of
     inventory (2019 = N/A, 2018 = N/A), interest income (2019 = $16,252, 2018 =
     $1,697),  Interest  expense (2019 = $129,007,  2018 = $7,400)  deferred tax
     (expense)/recovery  (2019 = $125,999,  2018 = N/A),  and Income tax expense
     (2019 = $379,080,  2018 = $301,896.  See the financial  statements  for all
     adjustments.
c)   The revenue  and gain from the 50%  investment  in the private  Florida LLC
     announced  in  January  2019 is not  treated  as  revenue  or  profit  from
     operations by Flexible  Solutions  given the Company only  purchased 50% of
     the LLC. The profit is treated as investment  income and  therefore  occurs
     below  Operating  income in the  Statement of  Operations.  As a result the
     $230,652 gain from Flexible  Solutions share in the LLC is removed from the
     calculation to arrive at Operating Cash Flow.
d)   Non-GAAP - amounts represent  depreciation and stock compensation  expense.
     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  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
                                            E-mail: 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.

                                       2




The following information was filed by Flexible Solutions International Inc (FSI) on Monday, May 20, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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