LOUISVILLE, Ky., Oct. 15, 2003 (PRIMEZONE) -- FullCircle Registry, Inc. (OTCBB:FLCR) is pleased to announce the election of two new officers during the month of October 2003.
Director Isaac Boutwell has been elected to serve as the President and Chief Executive Officer to replace W. Garriott Baker who, after several months serving as President and Chairman of the Board, resigned as Chairman and returned to his hometown in Arizona.
Founder and Director Steve Whitten resigned as CEO and Director to pursue other business interests.
Also, director Alec Stone has been elected as Chairman of the Board.
"Mr. Ike Boutwell brings decades of leadership and business experience to FullCircle Registry," stated Trent Oakley, Executive Vice President and Chief Marketing Officer.
"Ike owns and operates several multi-million dollar companies and will be a great asset to both the company and its shareholders," added Oakley.
Returning as Chairman of the Board, Alec Stone has over thirty years' experience as an attorney and an entrepreneur and has helped develop several successful companies.
Ike Boutwell stated, "Mr. Stone has been involved with FullCircle since its inception and we are glad that he has returned as Chairman."
"FullCircle Registry has developed new product lines that address healthcare cost concerns as well as emergency notification issues and we feel that we have the right leadership mix to move those products forward," said Alec Stone.
In addition to the newly appointed Chairman and CEO, FullCircle Registry's marketing arm has developed two new product lines.
"We now offer Health Reimbursement Arrangements (HRAs), which have become a more attractive program over the last several months," stated Oakley.
FullCircle Registry's HRA Program provides direct saving to the employer's bottom line.
"With rising healthcare costs, employers are seeking additional programs to work alongside their current health insurance plans," Oakley added.
Secondly, FullCircle has rolled out a healthcare-wellness benefit card that will provide savings for out of pocket medical expenses with no waiting period or illness exclusions.
"Though this is a non-insurance product, it will provide options for the millions of Americans that have no health insurance. Additionally, with FullCircle Registry's emergency information and document access service included as a value-added benefit, our HRA and Health Care Card will have distinction from other products in those market places," said Oakley.
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 customers' special medical needs, Advance Directives and emergency contact information. Additionally, through the BrightStar Photo ID Kit, FullCircle Registry provides critical child photo and identification information for missing or abducted persons. Through the company's new product marketing division, FullCircle Registry offers Health Reimbursement Arrangements, Healthcare-Wellness Cards and is developing other non-insurance healthcare and emergency-related services and products. FullCircle Registry is a publicly held company based in Louisville, KY and is traded under the ticker FLCR. For more information about the company, please visit the Web site at www.fullcircleregistry.com or call 502-540-5112.
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.
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