SOURCE: Flex Fuels Energy, Inc.

March 10, 2011 08:00 ET

Flex Fuels Energy, Inc.: Asian Language Wocu App Released

LONDON--(Marketwire - March 10, 2011) - Flex Fuels Energy, Inc. (OTCBB: FXFL) ("Flex" or the "Company") notes the announcement below made today by its subsidiary, the WDX Organisation Ltd:

10th March, 2011, London, England: WDX Organisation Ltd. ("WDX"), the owner and distributor of the real time Wocu™ world currency unit quotation announces it has released an Asian language iPhone application ("App") to access the Wocu. The App was developed by Zip2Zap Communications Limited, a software developer based in Hong Kong.

The App tracks the value of the Wocu against major currencies and commodities (including precious metals and energy). The App includes an FX Converter, Spot FX rates, quotes, charts, daily fixing prices, sorting, and storage of the user's currency pair favourites. It is powerful, feature-rich and available free of charge (for 15 minute delayed data) from the Apple iTunes App Store at:
http://itunes.apple.com/app/wocu/id420343571?mt=8.

The App runs in English, Simplified Chinese, Traditional Chinese, Japanese and Korean.

The Wocu currency derivative is based on the real time exchange rates of the currency pairs of the world's top 20 nations as determined by IMF measures of GDP. The Wocu naturally takes into account changing economic power and commercial currency values as an elegant, market driven solution to the need for a low volatility global reference currency.

The integrity of the Wocu is ensured by the WDX Institute (a wholly independent not-for-profit research body established by WDX) which independently monitors the Wocu and its constituent revisions, as determined by IMF GDP figures every six months, to ensure the Wocu's independence, non-manipulation and standardisation.

Roger Durn of Zip2Zap said, "The idea of an apolitical currency basket that reduces volatility in the present Currency Maelstrom is one we know that people in this region will really take to."

Michael King, MD of WDX said, "This iPhone App available in the key Asian languages is part of our strategy to introduce the Wocu into this vibrant trading region."

About the Wocu and WDX

The Wocu is a standardised, apolitical, real time derivative currency quotation based on the real time exchange rates of the currency pairs of the world's top 20 nations as determined by IMF measures of GDP. The Wocu, its constituent currency pairs weighted in line with GDPs, is a generally less volatile currency unit than traditional currency pairs, balancing currency risk and offering commercial advantage for users.

The Wocu is developed, owned and distributed by the WDX Organisation Ltd, a private company based in London, England.

Wocu prices, information about WDX and other data can be found at www.wocu.com.

About Zip2Zap

Zip2Zap Communications Limited is a Hong Kong based, award winning software design and development company specializing in advanced, proven technology primarily in the financial arena sector. Zip2Zap design and develop Mobile applications, Rich Internet Applications (RIA), components and services that generally include and expose complex data and process in financial services and other industries. Zip2Zap's goal is to always make the most complex systems look simple and easy to use.

About Flex Fuels Energy, Inc.

Flex has two majority owned UK subsidiaries: Bio-AMD (www.bioamd.com), a technology developer for medical diagnostic devices; and the WDX Organisation Ltd, the owner of the Wocu™, a global currency data reference source for application in financial markets. (www.wocu.com).

To find out more about Flex Fuels Energy (OTCBB: FXFL), visit our website at www.flexgp.com.

Forward-Looking Statements

Statements in this news release that are not statements of historical fact are forward-looking statements, which are subject to certain risks and uncertainties. Forward-looking statements can often be identified by words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Actual results may differ materially from those expressed or implied by forward-looking statements due to a variety of factors that may or may not be foreseeable or within the reasonable control of the Company. Readers are cautioned not to place undue reliance on such forward-looking statements. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission, including without limitation under the caption "Risk Factors" in the Company's Annual Report on Form 10-K filed on March 22, 2010. Except as otherwise required by law, the Company disclaims any obligations or undertaking to publicly release any updates or revisions to any forward-looking statement contained in this news release to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Contact Information

  • CONTACT:
    Flex Fuels Energy, Inc.
    Tom Barr
    CEO
    +44 (0)8445 861 910

    Media Enquiries
    Please contact:
    Lan Lau
    Marketing Director
    Zip2Zap Communications Limited
    llau@zip2zap.com
    +852 2815 5122
    www.zip2zap.com