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Wednesday, 11/10/2004 9:03:19 AM

Wednesday, November 10, 2004 9:03:19 AM

Post# of 396422
FullCircle Registry Redeems Convertible Debentures
CEO & Chairman Provide Funds to Retire Debt LOUISVILLE, Ky. - PRNewswire-FirstCall - Nov. 10
LOUISVILLE, Ky., Nov. 10 /PRNewswire-FirstCall/ -- FullCircle Registry, Inc. (BULLETIN BOARD: FLCR) , reported today that it has redeemed all outstanding convertible debentures that were issued during a previous funding arrangement with a private equity company. The convertible debenture debt has been carried on the Company's books since February of 2003 and resulted in substantial and ongoing dilution to the Company's common shareholders. Funds for the redemption of the debentures were provided through an equity investment by the Chairman and the Chief Executive Officer of the Company.

The funding originally provided the investor with convertible debentures and warrants to purchase shares of the Company's common stock. "We believe that by redeeming the convertible debentures and eliminating the interest payments thereon, FullCircle will be able to turn the corner towards profitability in the next two quarters," stated Isaac Boutwell, President and Chief Executive Officer of FullCircle Registry, Inc.

"By eliminating this debt, shareholder equity will increase, and the refinancing illustrates to the investment community our commitment to the long term success of the Company," stated Alec Stone, Chairman of FullCircle Registry, Inc.

"In addition, the senior management of FullCircle Registry is encouraged by the results of the Presidential Election because of the Bush Administration's support of consumer-driven health plans, including Health Savings Accounts (HSAs) and Health Reimbursement Arrangements (HRAs)" continued Boutwell.

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 customers and/or medical personnel to quickly obtain critical information about specific medical needs, Advance Directives and contact information in the event of an emergency or other family crisis. Additionally, through the 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 Web site 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.

Contact: FullCircle Registry, Inc. Trent Oakley 500 West Jefferson Street Suite 2310 Louisville, KY 40202 (502) 540-5112 FAX: (502) 540-5879 info@fullcircleregistry.com http://www.fullcircleregistry.com/

FullCircle Registry, Inc.

Web site: http://www.fullcircleregistry.com/







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