FullCircle Registry reports a profitable quarter for FullCircle Entertainment, Inc. and discusses M&A activities with HFP Capital

SHELBYVILLE, Ky., June 5, 2013 /PRNewswire/ --

Dear Fellow FullCircle Registry Shareholders,

The Board of Directors of FullCircle Registry, Inc., is pleased to announce an increase in revenues and financial improvements for the 2013 March quarter.

Our financial statements for the first quarter reflect improvements including:

• FullCircle Registry, Inc. achieved positive cash flow for the quarter for the first time in the history of the company.
• FullCircle Entertainment, Inc. our wholly owned subsidiary, achieved profitability for the March Quarter
• FLCR EBIT improved to $59,378 in the March quarter 2013 vs. $13,148 for the same period in 2012, a 351% increase.
• FLCR EBITDA improved to $141,227 in the March quarter in 2013 vs. $81,735 for the same period in 2012, a 73% increase.

Our financial statements reflect continued improvement with our Georgetown 14 Theater as management is continuing to refine our operations.  We continue to tighten up on our expenses by bidding out our agreements and micro managing ALL operational expenses.  Our pricing has been adjusted so that we are increasing our per patron revenue while still remaining competitive with our closest theater.  WE live and die each season because the theater industry is still highly dependent on the quality of movies that are released from Hollywood.  We are now moving into the high season for the summer.

New Marketing Activities for Georgetown 14

We have hired Mary G. Clark to increase the marketing activities and revenues for Georgetown 14 Cinemas.  

Marketing directions to include:

• Connect Georgetown 14 to the Lafayette Square Development programs
• Increase local commercials revenue, locate sponsors for our Summer Wednesday morning free Kids and Family ticket program
• Increase marketing into the Georgetown area international community
• Develop dead screen use with Indianapolis businesses and organizations meetings
• Destination theater activities with lounges, increased menus and WiFi hot spots
• Develop international big screen sporting events, such as NFL playoffs, NBA playoffs, World Series and International Soccer, etc.

Mary Clark comes to us with great credentials such as: 

• President of the Lafayette Square Development Coalition
• Indianapolis Zoning Board member
• Previous branch manager at our PNC Bank branch and other local bank branches
• Board Chair 21^st Century Schools
• Store manager Value City Department Stores
• Senior buyer L.S. Ayres Department Stores.

Some outstanding community awards:

• 2007 Mayor's Community Service Award
• Simon Youth Foundation Award
• 5 National City Bank Excel Awards (National City corporate-wide award)
• Manager of the Year Award for National City Bank
• Dec. 2011 Indianapolis Woman of the Year in the Indianapolis Woman Magazine
• 2012 United Way Diversity Advocate Award

Ms. Clark has great diverse management experiences and will be groomed to move into FullCircle Registry activities and is planned to be involved in any future acquisitions of FullCircle Registry.

HFP Merger and Acquisition research activities.

HFP Capital Markets has provided FullCircle with 52 companies for review that were determined to be potential candidates for acquisition within our selected business model parameters.

The activity has been extensive and we have narrowed the candidates down to 17 companies at this time with several hitting the favored list.  Contacts have begun given the priorities of our initial target industries.  The favored directions in this initial screening process are companies involved in the health industry services and retirement community services, however, we have an expanded list that will be reviewed in the next phase. 

Initial Primary Target Industries in the order of our priorities:

a.   Medical device and supply companies
b.   Small insurance companies
c.   Assisted living homes for the elderly  
d.   Electronic medical records software companies

There are several other industries we may consider but FullCircle favors the medical device and services industries for its healthy operating margins, recurring revenue and favorable macro-demographic trends.  We have located many that are operating smoothly and are profitable and are located in business friendly states.  The intent is to start out with the smaller companies and continue to expand within that industry with multiple acquisitions. 

FullCircle is targeting smaller companies with less than $10 million in revenue initially and will strategically use FullCircle's equity to minimize dilution and to maximize value for our shareholders.  Our goal is to enter into the first letter of intent in Q3 of 2013.

The first part of every year we go through compliance with the 10-K and the immediate filing of the March 10-Q.  This task ties up most of our time until May to comply with our filings.  In addition, the work at Georgetown with management adjustments has occupied our time as well.  Now we have some clear sailing until the next 10-Q filing that is not due until August 14^th.  Our time will be devoted to vetting M&A opportunities with HFP Capital Markets.

I have announced to everyone that I am always available by phone.  My direct line is published in every shareholder letter and I enjoy visiting with our stockholders and truly appreciate your feedback.  We need to collect email addresses from all our stockholders so that we can inform you immediately given the event of news.  Stockholder letters are expensive so we prefer to send out information to our stockholders with email blasts. We expect that continued positive announcements will be released in 2013.

Sincerely,

Norman L. Frohreich, President and CEO
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.