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, detergent, water and agricultural technology. Today the Company announces, A recent news item filed by Anthony Price, Managing Director of Noranth Venture Pte Ltd’s division WaterSavr Singapore Pte Ltd (“WSP”) neglects to include important information about legal claims made by WSP against Flexible Solutions. WSP sold Flexible Solutions’ proprietary product WATERSAVR™ pursuant to a distribution agreement. Over the course of three years, WSP’s sales of WATERSAVR™ totaled less than US$100,000. On March 31, 2011, the distribution agreement was terminated for cause. Flexible Solutions and WSP agreed to submit all disputes to arbitration before the American Arbitration Association in New York, New York, USA. Flexible Solutions denies the allegations made by Singapore both in the arbitration and those made through the internet. Flexible Solutions wishes to clarify certain items:
- Product described by WSP is not Flexible Solutions’ WATERSAVR™.
- Flexible Solutions did not manufacture, oversee the manufacture or sell the product described by WSP.
- Flexible Solutions is unaware that any product sold by WSP has been tested or approved by those authorities who approved Flexible Solutions’ WATERSAVR™.
- WSP is not authorized to use Flexible Solutions trade names or trademarks in promoting or advertising products it sells.
Flexible Solutions International 615 Discovery Street, Victoria, BC V8T 5G4 CANADAIf you have received this news release by mistake or if you would like to be removed from our update list please reply to: Laura@flexiblesolutions.com To find out more information about Flexible Solutions and our products please visit www.flexiblesolutions.com