Flexpower Inc. (FLXP)

[PayDirt!]

Well I guess the Pres. message should be today or tomorrow

10.04.07 Garr Winters Shares

Mr. Winters has recently elected to turn back his rule 144 stock to treasury. The number of shares he held had been determined early in 2007, based on achieving business objectives and financial targets for the fiscal year. In exchange, he has reached an agreement with Minaco-Tradex to receive a number of preferred shares currently held by Minaco-Tradex, based on achieving specific business milestones for the remainder of the fiscal year.

The personal benefit to Mr. Winters is the fact that his ability to sell the rule 144 shares would be strictly limited if he continued to remain an insider after the year-end. Mr. Winters will comment on this possibility in his President’s message which is planned for next week. He will have greater flexibility to sell the preferred shares back to the Company and realize value under this scenario.