SHELBYVILLE, Ky., March 15, 2012 /PRNewswire/ -- (OTC Bulletin Board: FLCR) FullCircle Registry, Inc.'s Board of Directors is pleased to announce that FullCircle has achieved profitability in the month of February 2012. The catalyst behind this milestone is predominantly due to the success of the company's wholly owned Georgetown 14 Theater located in Indianapolis, Indiana.
Since the completion late last year of major road construction near the theater, ticket sales have increased significantly. The theater has had record breaking months in January and February and is on pace to realize more than 40% growth in ticket sales in 2012.
"We are extremely pleased with the success we have seen in the first two months of 2012," stated Norman Frohreich, CEO of FullCircle Registry Inc. "The Georgetown 14 Theater had run into several obstacles last year that are now behind us. The theater has undergone a major renovation and is now on pace to have the best year in its history by a wide margin. The upgrades we have made and a stronger expected crop of feature films this year should prove to be a boon for the company."
The company also announced that for fiscal year 2011 it has reported $1,288,330 in revenues. Its complete financials have been submitted to the auditors and the 10K is expected to be submitted back to the auditors in a timely manner once the financial statements are approved.
Mr. Frohreich commented, "While we are pleased with how far we have come we know there is still a lot of work ahead of us. We will continue to actively seek out acquisitions that should add to the growth of our company and increase our shareholder value. We are working very hard to make 2012 a breakout year for FullCircle Registry."
The company has also filed an 8K with the SEC and has released a letter to the shareholders, which is now available on its webpage, www.fullcircleregistry.com.
Information Contact: Rich Inza, RMJ Consulting, LLC, Kentucky, Phone: 502-275-FLCR (3527).
Information Contact: Norman L. Frohreich, President and CEO, FullCircle Registry, Inc., Direct line: 574-238-3699.
Forward-Looking Statements This release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, but not limited to, statements as to future operating results and plans that involve risks and uncertainties. We use words such as "expects", "anticipates", "believes", "estimates", the negative of these terms and similar expressions to identify forward looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by those projected in the forward-looking statements for any reason.
SOURCE FullCircle Registry, Inc.