EX-99
2
form8k202ex9915-20.txt
EXH. 99.1 PRESS RELEASE


                                  EXHIBIT 99.1




NEWS RELEASE
May 14, 2020


              FSI ANNOUNCES First Quarter, 2020 FINANCIAL RESULTS
Conference call is scheduled for Friday May 15th , 11:00am Eastern time, 8:00am
Pacific Time
                    See dial in number and explanation below

VICTORIA,  BRITISH COLUMBIA,  May 14, 2020 - 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 (Q1) ended March 31, 2020.

Mr.  Daniel B.  O'Brien,  CEO,  states,  "The  first  quarter of 2020 has been a
difficult  time for many  companies  and  millions  of  people.  The  Company is
satisfied  with our financial  performance  considering  the covid  crisis." Mr.
O'Brien  continues,  "We  remain  in full  production  and are  proud  that  our
agriculture and cleaning product  ingredients are aiding in the struggle against
the disease."

     o    Sales in the first  quarter  (Q1) were  $8,429,486,  down less than 1%
          when  compared to sales of $8,471,476  in the  corresponding  period a
          year ago. The financials show a Q1, 2020 net profit of $1,264,675,  or
          $0.10 per share, compared to a net profit of $1,011,150,  or $0.09 per
          share,  in Q1,  2019.

     o    Basic  weighted  average  shares used in computing  earnings per share
          amounts  were  12,237,798  and  11,705,613  for Q1,  2020 and Q1, 2019
          respectively.

     o    Non-GAAP  operating cash flow: For the 3 months ending March 31, 2020,
          net income reflects $177,640 of non-cash charges (depreciation,  stock
          option  expenses),   as  well  as  gain  (loss)  on  disposition  (and
          involuntary  disposition) of equipment,  gain on investment,  interest
          expense, interest income, write down of inventory, and income tax; Net
          income attributable to non-controlling  interests. These are items not
          related to operating or current operating activities. When these items
          are removed,  the Company shows operating cash flow of $1,778,785,  or
          $0.15 per share. This compares with operating cash flow of $1,300,360,
          or $0.11 per  share,  in the  corresponding  3 months of 2019 (see the
          table that follows for details of these calculations).

The NanoChem  division  continues to be the dominant  source 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.

Conference  call

A conference  call has been scheduled for 11:00 am Eastern Time, 8:00 am Pacific
Time,  on Friday May 15th . CEO, Dan O'Brien will be  presenting  and  answering
questions  on the  conference  call.  To  participate  in this call  please dial
800-309-1256  (or 1  856-344-9308  ) just  prior  to the  scheduled  call  time.
Participant code 302299 will be requested. The conference call title, "FSI First
Quarter 2020 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,
2020.  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:





                     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
                                                         2020          2019
                                                ---------------------------

Revenue                                         $ 8,429,486     $ 8,471,476
Income (loss) before income tax - GAAP          $ 1,766,678     $ 1,293,495
Provision for Income tax (expense)/recovery     $  (434,988)    $  (253,081)
   - GAAP
Net income (loss)- GAAP                         $ 1,264,675 a   $ 1,011,150 a
Net income (loss) per common share - basic      $      0.10 a   $      0.09 a
   - GAAP
3 month weighted average shares used in
   computing per share amounts - basic - GAAP     12,237,98      11,705,613

                                                  3 Month Operating Cash Flow
                                                      Ended September 30
                                               ------------------------------

Operating Cash flow (3 months). NON-GAAP      $ 1,178,785 b,c   $1,300,360 b,c

Operating Cash flow per share excluding       $      0.15 b,c   $     0.11 b,c
   non-operating items and items not related
   to current operations (9 months) - basic
   NON-GAAP
Non-cash Adjustments (3 month) GAAP           $   177,640 d     $  154,026 d
   Shares (3 month basic weighted average)     12,237,798       11,705,613
   used in computing per share amounts -
   basic GAAP

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

a)   Non-GAAP -:: Flexible Solutions  International  purchased 65% of ENP in 4th
     quarter, 2018 (October 2018).  Therefore 3 month Net Income is also reduced
     by  the  dollar   amount  of   non-controlling   interest  in  ENP(see  the
     financials).

b)   Non-GAAP - amounts exclude  certain cash and non-cash  items:  depreciation
     and stock compensation expense (2020 = $177,640, 2019 = $154,026), interest
     expense (2020 = $101,425,  2019 = $129,007),  interest income (2020 = $414,
     2019 = $16,252), gain on investment (2020 = $199,529, 2019 = $230,652), net
     gain/(loss)  on involuntary  disposition  of equipment  (2020 = N/A, 2019 =
     N/A), write down of inventory (2019 = N/A, 2018 = N/A), deferred income tax
     recovery (2020 = N/A, 2019 = $125,999),  Income tax (2020 =$434,988, 2019 =
     $379,080),  and Net income attributable to non-controlling  interests.  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
     gains from all investments,  including that of the Florida LLC, are 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  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
                 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.




The following information was filed by Flexible Solutions International Inc (FSI) on Friday, May 15, 2020 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.

View differences made from one quarter to another to evaluate Flexible Solutions International Inc's financial trajectory

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