Flex Fuels Energy Subsidiary Signs Wocu Agreement With European Exchange

IRJ July 9 - Flex Fuels Energy, Inc. ("Flex" or the "Company") (OTCBB:FXFL) notes the announcement below made today by its 93% owned subsidiary, the WDX Organisation Ltd ("WDX"). This is in line with WDX expectations, announced on May 4, 2010, that agreement with a third party exchange to quote and transact Wocu and Wocu-priced products would be the next important step toward the adoption of the Wocu worldwide.

8th of July 2010, London: WDX Organisation Ltd.("WDX"), the owner and distributor of the real time Wocu(TM) world currency unit quotation, is delighted to announce the signing of a non-exclusive Agreement ("Agreement") with the Warsaw-based Polish Futures Market S.A. ("PRT"), a wholly owned subsidiary of WGT S.A ("WGT").

The Agreement provides for the listing of Wocu Futures and Options by the PRT. These key derivative products are expected to enable financial market participants to utilise the Wocu and its unique risk reducing, currency balancing characteristics in depth. In addition, use of the Wocu is expected to complement the PRT listings of other financial and commodity instruments.

WGT operates one of the largest exchange based spot commodity markets in Europe. PRT intends to create a European-wide, regulated market for the trading of exchange-based financial instruments based on Central Counterparty Clearing from this geography. PRT is in the process of creating a new set of financial instruments based on the Wocu which will complement the existing exchange-based financial instruments for both the financial and commodity markets.