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<TYPE>EX-99
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<FILENAME>form8kitem202exh9925-12.txt
<DESCRIPTION>EXHIBIT 99.2 CONFERENCE CALL
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                                  EXHIBIT 99.2

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Conference Call Speech Q1 2012

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 2012.

Prior to  commenting  specifically  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  continued in most of our market  verticals during Q1. Record revenue was
booked in first quarter and continues to be based on increased volume of product
rather than merely increasing price per unit of volume.

Our sugar to aspartic acid plant,  in Alberta,  is now in  operation.  We do not
provide volume information or details of production. However, revenue generation
has started, depreciation of the factory has begun and the Taber production team
is focused on continuous increase in quantity, efficiency and quality.

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.

The NanoChem division now represents more than 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.

TPA is used in  agriculture  to  increase  crop  yield.  The method of action is
through limiting crystal embryo growth between fertilizer ions in the soil. When
embryonic crystals are prevented from transforming into a fully crystalline form
by TPA, the  fertilizer  remains  available  to plants  further into the growing
season.  Keeping  fertilizer  easily  available to crops results in better yield
with the same level of  fertilization.  In North  America  alone,  the wholesale
market is estimated at over $2 billion a year and most crops are able to use TPA
profitably.  Sales into  agriculture  grew quickly in 2011 and that strength has
carried forward into Q1 2012. 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 is fully  engaged in  supporting  our best
distributors and helping the others improve their performance.

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,
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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 2012
We are  optimistic  but  cautious.  Our  products are best in their class and in
normal  economic  conditions  we can  attempt to  forecast  sales  based on past
results.  However,  given the news of an  accelerating  world economic  slowdown
particularly in Europe and the Far East we have decided not to provide  specific
growth predictions.  It is simply too difficult and unrealistic to give accurate
guidance at this time.  We still expect full year 2012 revenue to be higher than
2011 and we will revise to our best  ability  each  quarter.  We hope to succeed
even during difficult times and will do our best to provide upside surprises.

Swimming pool sales were the only product sector that did not increase  compared
to the same  quarter of 2011.  We suspect that this is a  combination  of better
than usual  early buy orders in Q4 2011 and other  customers  waiting  for Q2 to
place orders.  Agriculture is strong and our best  distributor has shown another
quarter of rapid growth. The oil sector is providing us with new chances to grow
and, of course,  when we get the Alberta  plant to  significant  volume  levels,
large  detergent  contracts  become  possible.   We  continue  to  caution  that
continuous high oil prices have increased  aspartic acid prices.  This increases
our cost of goods and  affects  margins  until  production  gains at the Alberta
plant can relieve the pressure.

Highlights of the financial results:

Sales for the quarter increased 19% to $5.19 million compared with $4.36 million
for 2011.  The result is a profit of $223  thousand or $0.02 per share in the 12
period, compared to a profit of $358 thousand or $0.03 per share, in 11.

Now that Alberta  factory is operating,  a biomass expense is no longer given in
the news release.  Instead, due to the generation of revenue from that facility,
depreciation of the factory has begun.  This results in a  significantly  higher
depreciation expense in the financials compared to previous quarters.

Working capital is more than adequate.  FSI's sales tend to be larger during the
first half of the year, resulting in higher accounts receivable,  lower cash and
lower inventory.  The Company's growth is supported by its mostly untapped, $6.4
million line of credit with a Chicago based bank.

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.

For first quarter 2012, operating cash flow was $1.12 million, 8 cents per share
compared to $800  thousand  and 6 cents per share in 2011.  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 15th.

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 12.  Watersavr  sales are more  difficult  to predict.  We are
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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 Thursday  May 17th
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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