This sounds like the bug between Breeze 5 and Flash Player 9
as discussed in this this Breeze Presenter for PowerPoint thread;
Embedded
SWFs not working with Flash 9
(Assuming you're using Breeze 5 with Flash Player 9
installed)
For some reason Adobe removed the TechNote (9204eb8) that
provided an updated DLL file to fix the problem At one point after
removing the TechNote, Adobe tech support posted in another thread
stating anyone having the problem could e-mail them for the new
DLL.
Anyway, you have a couple options if you are having that same
problem…
The first would be to contact Adobe Tech Support and ask for
the updated version of ppt2swf.dll to fix the problem with Breeze 5
and Flash Player 9. I don't know why they removed the TechNote, but
maybe they'll still provide you the fix.
If you can’t obtain that file, you’re second
option would be to roll back the version of Flash Player to version
8. Breeze 5 appears to work fine out of the box with Flash Player
8. Here’s a link to the archived Flash Player installs.
Archived
Macromedia Flash Players
Good luck!