SHELBYVILLE, Ky., Aug. 13 FullCircle Registry,Inc. (OTC Bulletin Board: FLCR) today announced that Alec Stone, Chairman, andIsaac Boutwell, former CEO and current Board Member, have each surrendered 50%of their personal share holdings to the company's treasury. In an effort toimprove shareholder equity and stockholder confidence, these two directors andsignificant shareholders have together surrendered approximately 15 millionshares.
"We believe that by returning a major portion of our holdings to thetreasury we will show the investment community our commitment to andconfidence in the future of FullCircle," stated Alec Stone, Chairman ofFullCircle Registry.
Stone also announced that FullCircle has installed Norman L. Frohreich,President of Norlander Information Services, Inc., to the Board of Directors.Frohreich owns and operates his own consulting firm providing services to thebusiness community. Earlier this year Frohreich was retained by FullCircle toassist in our transition into the insurance agency business model. Frohreichhas participated in start-up or turn-around assignments with many companies inthe past 35 years. In addition, Frohreich currently consults with recreationvehicle manufacturers and dealerships in the United States. Frohreich holds adegree in Economics from Purdue University with emphasis in financialmanagement. "I am excited to be able to assist and participate inFullCircle's transition into the insurance industry," said Frohreich.
Discussing the new directions of FullCircle, Trent Oakley, President andCEO stated, "Our new insurance agency business model is beginning to showpromising results. We have expanded on this concept and are in the process ofacquiring additional agencies. We have begun developing the necessaryinfrastructure and staffing to facilitate the needs of the new business model.FullCircle has aligned itself with several major insurance companies and hasbeen provided licensing to sell those products. This new insurance venture hasalready demonstrated a potential for success and will show improved revenuesin the September quarter."
Oakley also stated that, "In addition, through our business alliance withAMPO II, Inc. and its large data base, we will have access to additionalprospects that we can market our estate planning services, Medicare Supplementplans, Medicare Advantage plans, life insurance, annuities, and otherfinancial services. We also believe that our Emergency Notification Companyprogram and our medical information storage program, will provide a qualitylead generation tool for our new agency force as we expand our exposure withour original core products. Demographically, these prospects are a perfectmatch for our new product offerings." Oakley added, "The intent in our newdirection is to bundle all FullCircle products such that FullCircle Registrybecomes a one-stop-shop for all insurance needs. We have engaged our webmaster to begin making the necessary changes to our web pages."
About FullCircle Registry, Inc.
FullCircle Registry is now an insurance agency with additionaltechnology-based products that offers emergency document and medicalinformation management to our consumers. Through the use of coded customerID's and personal identification numbers, the system is designed to allowcustomers and/or medical personnel to quickly obtain critical informationabout specific medical needs. FullCircle Registry is headquartered inShelbyville, Kentucky, and its common stock trades on the OTC Bulletin Boardunder the symbol "FLCR". For additional information, please visit thecompany's website at http://www.fullcircleregistry.com.
Except for the historical information contained herein, the statements inthis announcement are forward-looking statements which involve risks anduncertainties that could cause actual results to differ material from thoseexpressed in,