It should be noted that, by default, the GFx exporter will generate TGA files for the bitmap images used in your Flash project. This will have the undesired effect of consuming more resources than what would otherwise be used by a more appropriate image format such as DDS.
Thankfully, there is a flag switch that can be used with the GFx export tool that allows the generation process to output DDS files for us. Below, the workflow for this procedure is explained.