UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest reported) February 13, 2001 Flexible Solutions International Inc. (Exact name of registrant as specified in its chapter) Nevada 000-29649 91-1922863 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 2614 Queenswood Dr. Victoria BC Canada V8N 1X5 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (250) 477-9969 (Former name or former address, if changed since last report) . Item 1. Changes in Control of Registrant. None Item 2. Acquisition or Disposition of Assets. None Item 3.Bankruptcy or Receivership. None Item 4. Changes in Registrant's Certifying Accountant. None Item 5. Other Events and Regulation FD Disclosure. Press Release - New Financing Agreement Victoria, BC Business Wire January 23rd 2001 Flexible Solutions International Inc. is pleased to announce an agreement for $5 million in new financing in the form of a convertible debenture. The debenture carries an interest rate of 8% over a one year term. It can be converted into common stock of Flexible Solutions or repaid from proceeds of a future public offering which may, or may not take place, at the discretion of the Company. Flexible Solutions will gain access to the proceeds of this financing once an SB-2 document has been filed with the Securities Exchange Commission for a maximum financing of $25 million. The buyer of the debenture is generating the SB-2 document with the assistance of Flexible Solutions. Management intends to use the proceeds of the debenture to expand the Company's current production capacity; engage in further research and new product development; expand the Company's sales and marketing staff; and to provide additional working capital. Dan O'Brien, President of Flexible Solutions, states that he expects that this capital infusion will greatly accelerate the introduction and sales of the Company's energy and water conservation products. For more information please contact: Alexander B. Korelin - 1888 428 6698 Dan O'Brien - 250 477 9969 Item 6. Resignations of Registrant's Directors. None Item 7. Financial Statements and Exhibits. None Item 8. Change in Fiscal Year. None Item 9. Regulation FD Disclosure. None SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Flexible Solutions International Inc. (Registrant) Date February 13, 2001 /s/DAN O'BRIEN ------------------------- ------------------------- (Signature) Dan O'Brien President and Director