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Flex Fuels Energy, Inc.: WDX Subsidiary Extends Wocu Patent Application

LONDON, Sept. 21, 2010 (GLOBE NEWSWIRE) -- Flex Fuels Energy, Inc. ("Flex" or the "Company") (OTCBB:FXFL) notes the announcement below made today by its subsidiary, the WDX Organisation Ltd.
/ Source: GlobeNewswire

LONDON, Sept. 21, 2010 (GLOBE NEWSWIRE) -- Flex Fuels Energy, Inc. ("Flex" or the "Company") (OTCBB:FXFL) notes the announcement below made today by its subsidiary, the WDX Organisation Ltd.

21st of September 2010, London: WDX Organisation Ltd., the owner and distributor of the real time Wocu™ world currency unit quotation, announces that it has submitted a new International Patent Application No. PCT/EP2010/063252 for a computer-implemented global currency determination using a unique World Currency Unit Algorithm.

This complements the patent application to the United States Patent and Trademark Office filed in September 2009 designed to protect WDX's computer implemented method for determining the value of a global currency unit using real time currency values and Gross Domestic Product data published by the International Monetary Fund to weight those values to evaluate the Wocu™.

About Flex Fuels Energy, Inc.

Flex has two majority owned UK subsidiaries: Bio-AMD (), 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. ().

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

The Flex Fuels Energy, Inc. logo is available at

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