Kynetman.....GOOOOD FIND......this is not a PR from the company as there is no Fullcircle data at the bottom of the news article. The significance is that Business First apparently has reviewed the recent S1 and is impressed enough that they have released the article on there own valition. This is great news that some one has taken the time to read andf digest the S1. They see big things ahead for Fullcircle.
here is text of article ;
Friday, February 13, 2009, 10:17am EST
FullCircle Registry to make play in insurance, pharmacy
FullCircle Registry Inc. has taken another turn in its business plans by forming insurance and pharmacy units, and the company is seeking funding for their growth.
According to a registration statement filed with the U.S. Securities and Exchange Commission, the company is selling 1 million shares of Class B preferred stock at $1 per share. The shares will be sold privately in blocks of 50,000 shares, the filing said, because “no public market exists for our preferred shares.”
According to the filing, proceeds from the sale will be used to fund acquisitions of insurance agencies and to fund the company’s operations.
FullCircle Registry, which began operating in Louisville in 2000, initially was formed as a technology-based business to offer emergency document and other information services, providing customers with storage and access to medical records, legal documents and emergency contact information.
In December 2006, its directors voted to become an insurance agency, and the company began operating that business line the following year, with its principal offices in Shelbyville.
For the nine months ended Sept. 30, 2008, the posted a total net loss of $211,205 compared with a loss of $119,047 during the same period of in 2007. The company’s revenue during the period was $111,226 last year, compared with $66,004 in 2007.
The company also is planning the launch of a prescription-assistance program through its FullCircle Prescription Services Inc. subsidiary, which operates as FullCircleRx. The unit, which is working with a pharmacy in Canada, will offer services to lower prescription costs for individuals.
FullCircle Registry’s business plan, included in the SEC filing, calls for the company to publicly launch the pharmacy unit and acquire 10 agencies within the 12 months, raising revenue of about $200,000. Within six years, the company’s plan calls for the acquisitions of 200 agencies with sales of $40 million. http://louisville.bizjournals.com/louisville/stories/2009/02/09/daily55.html?ana=yfcpc
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