Flexpower Inc. (FLXP)

[PayDirt!]

Just received from Irwin.

Dear XXXX,

The questions you posted regarding the preferred shares need a bit of research. There are 2,000 preferred shares issued to Minaco. There is no plan to issue additional shares, and we are working out the logistics of transferring a portion of the shares to Mr. Winters, again, based on achieving business milestones.

They are super-voting: 20,000 votes each. They are not intended to be convertible to common stock, and therefore would not trade on the market. We believe that the number of votes would be adjusted down pro-rata if a reverse split would happen. However, we need to verify with our security lawyers re: some of these specific provisions as they were not created with the idea of a reverse split in mind, which as you know, we have not considered unless other major developments occur that would necessitate this.

We intend to post your last question up on Town Hall as soon as we can verify the facts with our lawyers.

I believe you also posted a question regarding our Investor Awareness advertising. We will not be using traditional media such as newspapers, magazines etc. It is primarily an online campaign, and has been targetted to small cap investors. The campaign began several weeks ago. We will step things up again once we close some of the China deals, and can dispel once and for all the bashers claiming that this is nothing more than smoke and mirrors.

I will post this on the Town Hall shortly.

Regards,

Irwin