After being hamstringed to a certain extent by nearly a year’s worth of road construction in front of its theater outside of Indianapolis, Indiana, FullCircle Registry, Inc. (OTCBB:FLCR) ratcheted-up business in the first quarter flagship movie complex.  The company recently said that the preliminary unaudited financials for the March 31, 2012 Quarter show that FullCircle Entertainment, Inc., its subsidiary which operates Read More

FullCircle Registry, Inc. (OTCBB:FLCR), a holding company that provides exit plans to successful businesses, had a bumpy road in front of it with its Georgetown 14 movie theater in Indianapolis, Indiana.  Literally.  Construction had been ongoing in front of the theater for approximately Read More

Looking to expand its footprint in a $12 billion U.S. industry, FullCircle Registry, Inc. (OTCBB:FLCR) has disclosed that its wholly-owned subsidiary, Full Circle Entertainment, Inc., yesterday entered into a non-binding Letter of Intent to acquire a 12-screen movie theatre complex in Elizabethtown, Kentucky.  If completed, the transaction will be the second theater acquisition for the company.

It is assumed that the Movie Palace pictured to the right is the source of the Letter of Intent.

FullCircle is in the process of completing its due diligence via a retained certified public accounting firm and independent appraiser to audit the theater’s finances and evaluate the property and assets.  According to the press, Movie Palace is in the process of converting from traditional film projection to digital projection with silver screens with the upgrades slated to be completed in late October of 2011.

While many exciting challenges are still ahead, I remain optimistic about FullCircle’s prospects for the future. We will continue to notify our shareholders as soon as possible once we have determined whether we will move forward with this acquisition.  In keeping with the business model we continue to look for profitable businesses in need of an exit strategy. We continue to be in discovery and negotiations to expand our company.

Although the future of the movie industry is questioned by some pundits, research by IBIS World explains, “Positive trends in consumer spending and a revival in demand for discretionary services like movie attendance will benefit the industry over the next five years. Movie theaters will invest in technologies like 3D to boost demand and increase ticket prices, supporting profitability. While competition from alternative services like video on demand remains, demand from moviegoers will remain steady.”

FullCircle Registry (FLCR) Stock Quote and News:

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