Move Flex Viewer outside of IIS Root Directory

Greetings,

I would like to create a separate website to house the flex viewer application and not use the default Root directory. I created an website on IIS, and move the flex viewer files over. The site will open with the IIS sign but will not open the application.

Can Flex Viewer run outside of IIS Root Directory? Any ideas what I might be missing?

Thanks,

Heather