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FullCircle Announces Joint Venture With American Medical Pharmaceutical Outlet (AMPO)
Tuesday January 13, 1:51 pm ET
Joint Venture to Be Known as American Drug Relief, LLC
LOUISVILLE, Ky., Jan. 13 /PRNewswire-FirstCall/ -- FullCircle Registry, Inc. (OTC Bulletin Board: FLCR - News), today announced that it has entered into a joint venture with American Medical Pharmaceutical Outlet (AMPO). The joint venture will be known as American Drug Relief, LLC.
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AMPO was created out of the National Association for the Terminally Ill (NATI), a nonprofit, 501C(3) organization. AMPO and its Medical Assistance Program were formed to assist patients in applying for pharmaceutical discount programs that allow qualifying patients to receive certain medications free of charge. Because of its association with a number of medical distribution organizations, AMPO also offers a nationwide program, Rx Relief Network, that allows all of its customers to purchase medication at a 20% to 50% savings.
The joint venture was formed for the specific purpose of marketing a bundled product, including components provided by both FullCircle and AMPO, to highly targeted organizations and government entities. Under the terms of the agreement, both companies will contribute various resources to the joint venture, including $150,000 in working capital to be provided by FullCircle.
"This joint venture represents a significant step toward our goals of bundling and securing mass distribution of our core products, and provides us with an opportunity to enter the multi-billion dollar prescription drug market," stated Ike Boutwell, Chief Executive Officer of FullCircle Registry, Inc. "AMPO has a proven track record of providing assistance in obtaining discount prescription medications successfully for thousands of individuals nationwide. With FullCircle's medical registry, customers and physicians will now have 24-hour access to emergency information including medications, pharmacist, hospital and doctor information, etc."
About FullCircle Registry, Inc.
FullCircle Registry is a technology-based company that provides emergency document and information management products and services 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 its 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 company operates; 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; the ability to execute management's margin improvement and cost control plans; overall management of the company's expansion; obtaining necessary regulatory approvals; and other risk factors detailed from time to time in the company's filings with regulatory bodies.
For further information, please contact Trent Oakley of FullCircle Registry, Inc., 1-502-540-5112, or fax, 1-502-540-5879,
info@fullcircleregistry.com.
