FullCircle
Trent Oakley Resigns from FullCircle Board of Directors to Assume Position as President and Chief Executive Officer of AMPO II, Inc. LOUISVILLE, Ky., Sept. 29 /PRNewswire-FirstCall/ -- FullCircle Registry,Inc. today announced that it has acquired a fifty percent (50%) ownership inAMPO II, Inc., a holding company for prescription fulfillment and assistanceprograms and companies. In conjunction with this transaction, Trent Oakleywill 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 September2004. 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 Axlinewill 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 March2001. "We are very excited about acquiring a substantial interest in AMPO II,Inc. and have identified a number of strategic synergies between our twocompanies," stated Isaac Boutwell, President and Chief Executive Officer ofFullCircle Registry, Inc. "We are proud to become part of a company with asolid business model and proven track record that has helped so many peoplewith their prescription needs." "The acquisition of a substantial part of our company by FullCircleRegistry allows us to benefit from the advantages of a public company whilebeing able to maintain our current day-to-day operations and staff," notedJimm Axline, Founder and Chairman of AMPO II, Inc. "In addition, we feel thatthe new contracts and marketing initiatives that should result from therelationship 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 expandto the next level and that Mr. Oakley has the financial resources available toaccomplish his strategic objectives." "I view this as a significant opportunity for both companies and plan tomove forward with proven business strategies, while taking advantage of newopportunities," said Trent Oakley, Executive Vice President of FullCircleRegistry, 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 competitiveofferings 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 andcontracts, 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 forAMPO, 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 hospicefor the terminally ill. Both the for-profit (AMPO II, Inc.) and non-profit(NATI) organizations have helped individuals with their prescription needs aswell as, from the non-profit side, helped terminally ill people pay utilitybills, car payments, house payments and buy groceries. While serving aschairman for NATI, Mr. Axline found that terminally ill individuals were usinga large portion of their income to purchase medications. After extensiveresearch, it was found that most pharmaceutical companies have patientassistance programs, through which medications are given free of charge toqualifying individuals. Because of the complex procedures in obtaining thesemedications, AMPO, LLC was formed to help not only the terminally ill, butother individuals that were taking maintenance medications. While patientassistance programs are free from the pharmaceutical industry, AMPO, LLCcharges a small service fee to help guide the patient through the completionof the paperwork and procedures to obtain their medications. Since October2000, AMPO, LLC and the other affiliated programs have helped thousands ofpeople throughout the U.S. save hundreds of dollars on their prescriptionneeds. About FullCircle Registry, Inc. FullCircle Registry is a technology-based company that provides emergencydocument and information management to consumers. Through the use of codedcustomer Ids and personal identification numbers, the system is designed toallow customer and/or medical personnel to quickly obtain critical informationabout specific medical needs, Advanced Directives and contact information inthe event of an emergency or other family crisis. Additionally, through itsBrightStar Photo ID Kit, FullCircle Registry provides law enforcementpersonnel with child photo and identification information that can be criticalin the search for missing or abducted persons. Through the Company's newproduct marketing division, FullCircle Registry offers Health ReimbursementArrangements and Healthcare-Wellness Cards, and it is developing other non-insurance healthcare and emergency-related products and services. FullCircleRegistry is headquartered in Louisville, Kentucky, and its common stock tradeson the OTC Bulletin Board under the symbol "FLCR". For additionalinformation, please visit the Company's website athttp://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 materially from thoseexpressed in or implied by, the forward-looking statements. Factors thatmight cause such a difference include, but are not limited to, those relatingto 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 ofdistribution; customer and product concentration; fluctuations in customerdemand; maintaining access to external sources of capital; ability to executemanagement's margin improvement and cost control plans; overall management ofthe companies' expansion; obtaining of necessary regulatory approvals; andother risk factors detailed from time to time in the companies' filings withregulatory bodies.
