The WDX Organisation, located in the heart of London’s financial district, is the developer of a unique technology product, the Wocu, designed to mitigate currency risk.

The Wocu is effectively a “World Currency” quotation derived by a WDX proprietary algorithm by inputting the World’s top twenty economies’ currency pair market prices, weighted and ranked by the IMF GDP figures of those individual countries and outputted as the Wocu, in real time.

A patent application to the United States Patent and Trademark Office for the technology and method behind the Wocu has been filed under number 12/557,419.

The integrity of the Wocu is overseen by the WDX Institute (“WDXI”), a wholly independent, not-for-profit body established by WDX. The WDXI, advised by commercially disinterested leading academics, will police the Wocu GDP weighting on a twice yearly cycle and oversee the functioning of the Wocu algorithm, free of commercial or political influence, making the Wocu fungible and credible.

The Wocu offers significant commercial advantages to international corporations and nations compared to generally denominating World trade in the U.S. Dollar, as at present. Extensive back testing demonstrates that the Wocu is far less volatile against national currencies compared to individual currency pairs, including against the U.S. Dollar. This markedly reduced volatility offers commercial users materially reduced risk and hedging costs. In addition, a significant proportion of commodity exporting states are philosophically in favour of denomination options other than the U.S. Dollar; this is anticipated to make the apolitical Wocu denomination of commodity prices (such as oil, metals and soft commodities) an attractive alternative for these states.

WDX is in talks with global banks and exchanges with a view to concluding agreements whereby pools of liquidity in the Wocu will be created by banks, and derivative products, such as forwards, swaps and options will be offered by at least one global derivative exchange. WDX expects that the Wocu will have a wide and receptive global market resulting in multiple revenue streams in the event it becomes commercially established. General commercial availability of the Wocu is programmed by WDX for early 2010.

Flex Group controls, actively manages and currently owns 77.54% of WDX.

For more about the Wocu and WDX go to the WDX website www.wocu.com