BioAMD funded by U.S. public company

9 March 2010

On February 25, 2010 Flex Fuels Energy, Inc. (Flex) a U.S quoted public company (OTCBB: FXFL) entered into a Subscription and Shareholders Agreement (Agreement) with Bio AMD Holdings Limited.

The Agreement provides for an investment by Flex of 865,000 GBP for 63% of the fully diluted equity in Bio-AMD. The cash will be applied to the development of the Bio-AMD business.

Tom Barr, CEO of Flex, commented; I am delighted that Flex has been able to secure this 63% investment in Bio-AMD. The management is world class and well known to Flex. We are confident that this Intellectual Property based investment has put Flex on a very firm footing for the growth we intend to deliver for shareholders.

You can find out more about Flex here www.flexgp.com