President and Chief Executive Officer of AMPO II, Inc.
LOUISVILLE, Ky., Sept. 29 - FullCircle Registry, Inc. today announced that it has acquired a fifty percent (50%) ownership in AMPO II, Inc., a holding company for prescription fulfillment and assistance programs and companies. In conjunction with this transaction, Trent Oakley will resign from FullCircle's Board of Directors and has joined AMPO II, Inc.'s senior management team as President and Chief Executive Officer. Mr. Oakley has served on the Board of Directors for AMPO II, Inc. since September 2004.
Jimm Axline, the founder of AMPO, LLC, which is owned by AMPO II, Inc., will continue to serve as Chairman of the Board of AMPO II, Inc. Beth Axline will continue to serve as Vice President and Chief Operating Officer of AMPO, LLC and AMPO II, Inc. Ms. Axline has served in those capacities since March 2001.
"We are very excited about acquiring a substantial interest in AMPO II, Inc. and have identified a number of strategic synergies between our two companies," stated Isaac Boutwell, President and Chief Executive Officer of FullCircle Registry, Inc. "We are proud to become part of a company with a solid business model and proven track record that has helped so many people with their prescription needs."
"The acquisition of a substantial part of our company by FullCircle Registry allows us to benefit from the advantages of a public company while being able to maintain our current day-to-day operations and staff," noted Jimm Axline, Founder and Chairman of AMPO II, Inc. "In addition, we feel that the new contracts and marketing initiatives that should result from the relationship will allow us to accelerate our growth rate going forward."
"We look forward to the future success of both FullCircle and AMPO II, Inc.," stated Alec Stone, Chairman of the Board of FullCircle Registry, Inc. "My goal is to assure that AMPO II, Inc. has the backing and support to expand to the next level and that Mr. Oakley has the financial resources available to accomplish his strategic objectives."
"I view this as a significant opportunity for both companies and plan to move forward with proven business strategies, while taking advantage of new opportunities," said Trent Oakley, Executive Vice President of FullCircle Registry, Inc. and President and Chief Executive Officer of AMPO II, Inc. "FullCircle Registry's core products will enhance the programs that AMPO II, Inc. currently offers and provide significant advantages over competitive offerings in the market."
AMPO II, Inc., through its affiliates and subsidiaries, generated over $1.3 million in gross revenues in 2004 and, based on existing customers and contracts, expects its revenues to exceed $2.2 million in 2006.
About American Medical Pharmaceutical Outlet II, Inc.
AMPO, LLC was founded in early 2000 by Jimm Axline. In mid-2004, AMPO II, Inc. was formed by AMPO, LLC's shareholders to serve as a holding company for AMPO, LLC, the Rx Relief Network and the Medicine Assistance Program (MAP). In 1997, Mr. Axline founded the National Association for the Terminally Ill (NATI), a 501(c)(3) non-profit organization that serves as a financial hospice for the terminally ill. Both the for-profit (AMPO II, Inc.) and non-profit (NATI) organizations have helped individuals with their prescription needs as well as, from the non-profit side, helped terminally ill people pay utility bills, car payments, house payments and buy groceries. While serving as chairman for NATI, Mr. Axline found that terminally ill individuals were using a large portion of their income to purchase medications. After extensive research, it was found that most pharmaceutical companies have patient assistance programs, through which medications are given free of charge to qualifying individuals. Because of the complex procedures in obtaining these medications, AMPO, LLC was formed to help not only the terminally ill, but other individuals that were taking maintenance medications. While patient assistance programs are free from the pharmaceutical industry, AMPO, LLC charges a small service fee to help guide the patient through the completion of the paperwork and procedures to obtain their medications. Since October 2000, AMPO, LLC and the other affiliated programs have helped thousands of people throughout the U.S. save hundreds of dollars on their prescription needs.
About FullCircle Registry, Inc.
FullCircle Registry is a technology-based company that provides emergency document and information management to consumers. Through the use of coded customer Ids and personal identification numbers, the system is designed to allow customer and/or medical personnel to quickly obtain critical information about specific medical needs, Advanced Directives and contact information in the event of an emergency or other family crisis. Additionally, through its BrightStar Photo ID Kit, FullCircle Registry provides law enforcement personnel with child photo and identification information that can be critical in the search for missing or abducted persons. Through the Company's new product marketing division, FullCircle Registry offers Health Reimbursement Arrangements and Healthcare-Wellness Cards, and it is developing other non- insurance healthcare and emergency-related products and services. FullCircle Registry is headquartered in Louisville, Kentucky, and its common stock trades on the OTC Bulletin Board under the symbol "FLCR". For additional information, please visit the Company's website at http://www.fullcircleregistry.com.
Except for the historical information contained herein, the statements in this announcement are forward-looking statements which involve risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by, the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those relating to general economic conditions in the markets in which the companies operate; success in the development and market acceptance of new and existing products; dependence on suppliers, third-party manufacturers and channels of distribution; customer and product concentration; fluctuations in customer demand; maintaining access to external sources of capital; ability to execute management's margin improvement and cost control plans; overall management of the companies' expansion; obtaining of necessary regulatory approvals; and other risk factors detailed from time to time in the companies' filings with regulatory bodies.
For further information, please contact Trent Oakley of
FullCircle Registry, Inc. Phone: 1-502-540-5112 Fax: 1-502-540-5879 Email: info@fullcircleregistry.com
