FSI INVESTS IN LLC THAT OWNS INDUSTRIAL BUILDING IN MENDOTA, IL
July 06 2023 - 4:30PM
FLEXIBLE SOLUTIONS INTERNATIONAL, INC.
(
NYSE-AMERICAN:
FSI), 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 it has invested in a Mendota, IL property.
FSI has purchased 80% of an Illinois LLC, called
317 Mendota, which owns only an industrial building in Mendota, IL.
The FSI subsidiary, ENP, will lease some of the space in the
building and consolidate all operations there. This will allow the
NCS subsidiary to occupy space in Peru, IL currently used by
ENP.
FSI believes the building will provide the space
needed for anticipated growth by both subsidiaries. There will be
substantial additional space in the 317 Mendota building which will
be leased to other companies with the hope for positive cash flow
in 2024 and thereafter.
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. Along with TPA, this division started producing other
crop enhancement products as well. 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 WaterSavrTM, the
world’s first commercially viable water evaporation retardant.
WaterSavrTM reduces evaporation by up to 30% on reservoirs, lakes,
aqueducts, irrigation canals, ponds and slow moving rivers.
HeatsavrTM, 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.
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 International6001
54th Ave, Taber, Alberta, CANADA T1G 1X4
Company ContactsJason BloomToll Free:
800.661.3560Fax: Fax: 403.223.2905Email:
info@flexiblesolutions.com
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please reply to: info@flexiblesolutions.com
To find out more information about Flexible
Solutions and our products please visit
www.flexiblesolutions.com
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