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The Company was founded, in May 1998, in Nevada. In June 1998, the Company acquired Flexible Solutions Ltd., a company engaged in the development and marketing of swimming pool products designed to reduce heat loss. The Company acquired Flexible Solutions Ltd. in a non-arms length transaction. The Company issued 7,000,000 shares of common stock in exchange for all the issued and outstanding stock of Flexible Solutions Ltd. Upon the filing of the Articles of Share Exchange with the Nevada Secretary of State on June 30, 1998, Flexible Solutions became a wholly owned subsidiary of the Company.

The Company's common stock began trading on the Pink Sheet Market under the symbol "FXSO" and from June 2000 to October 2002 traded on the Nasdaq: OTC Bulletin Board under the same symbol. The Company now trades on the American Stock Exchange (AMEX) under the symbol "FSI". The Company's authorized capital includes 50,000,000 shares of common stock with $0.001 par value and 1,000,000 shares of preferred stock with $0.01 par value. As of Sept. 30, 2002, the Company had 11,568,416 shares of common stock outstanding and no shares of preferred stock outstanding.

In February 2002, Flexible Solutions began trading on the Frankfurt Stock Exchange under the symbol "FXT." This movement demonstrated the Company's commitment to increasing their presence in the European market. It also allows European investors to trade on a more familiar platform.

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