Yes it is possible. What actualy you want.
Effect, rotation please explain.
actually i need to change the image color,add draggable texts into it...
and then save modified image/..is this possible??
Yes you can change the color of image also applay diffrent effect
I am not sure about draggable text .
Flex allows you to do many things to an image with filters, including grayscale, sepia, color reduction/enrichment, sharpening etc.. once the image is modified it can be saved out as a jpg or png by converting its bitmapdata.
If you want to place text on the image you would place the image in an container then have a draggable text object added to the container with a higher z order(always over the top of the image).
Now you can edit the image and have text over it, instead of converting the images bitmapdata to a jpg or png you convert the containers bitmapdata as this has both the image and the text on its 'canvas'.
I will try tofind some old code from a scrapbook application I wrote a while back which will give you an idea of how easy it is to do.
thank u so much for this helpful answer...