<DOCUMENT>
<TYPE>EX-99
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<FILENAME>form8kitem202exh9925-11.txt
<DESCRIPTION>EXHIBIT 99.2 CONF CALL
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                                  EXHIBIT 99.2
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Conference Call Speech Q1 2011

Good morning. I'm Dan O'Brien, CEO of Flexible Solutions.

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.

Welcome to the FSI conference call for first quarter 2011.

Before concentrating on the financials,  I'd like to speak about where we are in
our major projects and what we expect for the next quarters.

Growth has continued in all our market  verticals.  Record revenue was booked in
first  quarter and was based on increased  volume of product  rather than merely
increased price per unit of volume.

Our sugar to aspartic acid plant, in Alberta, requires only its steam permit and
a few weeks of high volume testing before  production can begin.  We are waiting
patiently  for the  permit,  aware that a good long term  relationship  with the
regulatory  establishment is far more important than a week or two of delay now.
Production from the Alberta plant will allow FSI, through the NanoChem division,
to supply the only  renewably-based  poly-aspartic  acid in the world. This will
allow  access to  customers  who  demand  this  level of  environmentally  sound
behavior as well as insulating the company from future oil price shocks.

One of the primary  potential  customers  for this grade of material is the dish
and  laundry  detergent  market.  The  market  opportunity  for our  product  in
detergents is estimated as greater than $350 million per year.

FSI considers the start of commercial production at the Alberta plant a material
event and we will provide a news release when the event occurs

The  NanoChem  division  now  represents  90% of revenue and has become the main
sales and profit driver of our company for the next several years. This division
makes poly-aspartic acid [TPA] a biodegradable protein with many valuable uses.

Along with detergents - mentioned above - TPA is used in agriculture to increase
crop yield.  In North America alone,  the wholesale  market is over $2 billion a
year and most crops are able to use TPA profitably.  Sales into agriculture were
strong in 2010 and that strength has carried  forward into 2011. The distributor
we were so  pleased  to find in late 2009 has shown  remarkable  ability to grow
sales and  increase  interest  in our  products.  Our  internal  sales  team has
identified additional  distributors who may be able to duplicate this success in
other regions so I hope to be able to report more expansion of our  distribution
network in the rest of 2011 and increased  sales from both  established  and new
distribution in 2012.
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TPA is also a biodegradable way of treating oilfield water to prevent pipes from
plugging with mineral scale. Our sales into this market are well established and
growing  steadily but can be subject to temporary  reductions when production is
cut back or when  platforms  are shut down for  reconditioning.  In some  areas,
including many Nordic countries and companies  operating in the North Sea use of
TPA is mandated as part of environmental regulation.

Q2 AND REST OF 2011
We are  optimistic.  Swimming pool sales  continue to increase  compared to 2010
which  in turn  was up from  the  depths  of 09 and  inventories  are low in the
industry.  Agriculture is strong and our new distribution has shown two years of
rapid  growth.  The oil sector is  providing us with new chances to grow and, of
course, when we get the Alberta plant to commercial status significant detergent
contracts become possible.  In revenue numbers, we estimate that in 2011 we will
exceed all comparable  quarters by 15% or more. We expect Q2 to be profitable in
GAAP terms with  strong cash flow.  Minor GAAP losses are  possible in Q3 and Q4
since these are our smaller revenue quarters,  however, we expect Q3 and 4 to be
cash flow positive leading to very strong full year operating cash flow and full
year  GAAP  profitability.  Our only  caution  is that  the  high  oil  price is
increasing  aspartic acid prices.  This  increases our cost of goods and affects
margins until the production at the Alberta plant can relieve the pressure.

Highlights of the financial results:

Sales for the quarter increased 29% to $4.36 million compared with $3.38 million
for 2010.  The result is a profit of $358  thousand or $0.03 per share in the 11
period,  compared to a profit of $516 thousand or $0.04 per share, in 10. I draw
your  attention to the fact that we have  convinced  our auditor to increase the
income tax allowance in Q1 2011 very  substantially  in order to provide  better
clarity and reduce the chance of a large  catch-up  tax  provision in the second
half of the  year.  Regardless  of the fact that we  increased  our  income  tax
provision by over 200 thousand dollars, it must be stated that increased cost of
raw  material  coupled  with strong  resistance  to price  increases  in the oil
industry  has reduced  our margins in 11 compared to the same  quarter of 10. We
are proud of the record  revenue  achieved in the quarter.  It is interesting to
note that the year we took over the NanoChem  division,  our annual  revenue was
approximately  the same  number as Q1 this  year.  It is an honor to work with a
team of  professionals  who are on track to triple  revenue in less than 8 years
that  included a worldwide  recession.  Revenue is expected to increase  for the
rest of the year at 15% rates or higher  compared  to year  earlier  numbers and
revenue forecasts will be updated at each conference call.

Because of the  out-size  effects of  depreciation,  stock  option  expenses and
one-time  items on the  financials  of small  companies,  FSI  also  provides  a
non-GAAP  measure  useful for judging year over year  success.  "Operating  cash
flow" is arrived at by removing depreciation, option expenses and one-time items
from the statement of  operations.  Please note that our  definition of one time
items  includes  expenses at the Taber plant until the day it begins  commercial
production.

                                       2
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For first quarter 2011, operating cash flow was $1.04 million, 8 cents per share
compared to $930  thousand  and 7 cents per share in 2010.  We are pleased  with
these results but, the pressure on margins from raw material costs is evident in
this metric too.  Detailed  information  on how to reconcile  GAAP with non-GAAP
numbers is included in our news release of May 16th.

Finally,  our  other  product  lines,  Watersavr  and  swimming  pools are being
emphasized  less than the NanoChem  division  while  maintaining  the  long-term
opportunities  and limiting cash and management  costs.  Swimming pool sales are
back to pre-recession levels and we are planning for resumption of growth in the
division  through 11 and into 12. Watersavr sales are more difficult to predict.
We are continuing our efforts in Turkey, Morocco, parts of East-Asia,  Australia
and Spain. Small sales are expected at intervals through the year.

The text of this speech will be available  on our website by Wednesday  May 18th
and  email  copies  can  be  requested  from  Jason  Bloom  at  1800  661  3560.
[Jason@flexiblesolutions.com]

Thank you, the floor is open for questions.

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