Flexpower Inc. (FLXP)

[PayDirt!]

New posting just out on Town Hall.

08.23.07 Structured Debt Resolution Division
Posted in Investor Relations at 9:56 pm by Andrew Edwards

QUESTION:

Is the nonconfrontational debt resolution division dead in the water or just put on hold?

RESPONSE:

It is currently on hold. There has been significant activity within this market with new entrants and aggressive marketing campaigns. On the other hand, the sub-prime market collapse will generate growth within this market.Bottom line, we are taking a wait and see approach. We are concentrating our efforts on projects that we feel confident will generate strong margins and positive cash flow.Once our top-line revenues are where we want them to be, we will revisit the business case for this division.