FULLCIRCLE REGISTRY, INC. (OTCMKTS:FLCR) Files An 8-K Other EventsItem 8.01-Voluntary Disclosure of Other Events
On July 20, 2018 FullCircle Registry, Inc. (“FLCR”) entered into a Letter of Intent (the “LOI”) with KLIK Communications, Inc. (“KLIK”), a corporation formed under the laws of the State of Washington. Under the terms of the LOI, the KLIK shareholders will transfer all the outstanding shares of KLIK common stock (‘KLIK Shares”) to FLCR. In return, FLCR will transfer shares of its common stock in an amount to be determined at a later date by the parties. Upon completion of the proposed transaction, KLIK will become the wholly-owned subsidiary of FLCR. The obligation to close the transaction under the terms of the Merger Agreement is subject to the normal terms and conditions contained in such agreements.
KLIK manufactures and distributes devices that allows wireless content to be delivered to LCD panels and projectors from any Windows, MAC, IOS or Android Device. The device streams media and supports photos, music and full HD video. By using the device (the “G2 KLIK”) a presenter or educator can draw, save and print right from the screen. In addition, the annotation feature allows notes and graphics to be displayed on the screen.
The management of FLCR believes that this technology is a natural fit in its market, and the addition of this technology to its product base will be an important first step in the expansion of its current product offerings.
Certain statements contained in this current report on Form 8-K are forward-looking statements and are based on future expectations, plans and prospects for FLCR’s business and operations and involve a number of risks and uncertainties. FLCR’s forward-looking statements in this report are made as of the date hereof and FLCR disclaims any duties to supplement, update or revise such statements on a going forward basis whether as a result of subsequent developments, change or expectations or otherwise. In connection with the “safe harbor” provision of the Private Securities Litigation Reform Act of 1995 FLCR is identifying certain forward-looking information regarding, among other things, the acquisition of KLIK by FLCR. Actual events or results may differ materially from those contained in these forward-looking statements. Important factors that could cause further events or results to vary from those addressed in the forward-looking statements include, without limitation, risks and uncertainties arising from the ability of FLCR to successfully merge with KLIK, to implement KLIK’s business plan; uncertainties relating to the ability to realize the expected benefits of the merger; unanticipated or unfavorable regulatory matters; general economic conditions in the region and industry in which FLCR and KLIK operate, and other risk factors as discussed in FLCR’s other filings made from time to time with the United States Securities and Exchange Commission.
About FULLCIRCLE REGISTRY, INC. (OTCMKTS:FLCR)
FullCircle Registry, Inc. is a holding company. The Company is formed for the purpose of acquiring small profitable businesses to provide exit plans for those companies’ owners. Its subsidiaries include FullCircle Entertainment, Inc. and FullCircle Medical Supplies, Inc. Its FullCircle Entertainment, Inc. is formed for the purpose of acquiring movie theaters and other entertainment venues. It has over 10 Digital Cinemas. Its FullCircle Entertainment, Inc. focuses on offering free viewing of the United States sporting events, such as the Major League Baseball World; Viewing international sporting events; Business meetings requiring Internet upload and download capabilities, and Private party functions. Its FullCircle Medical Supplies, Inc. (FullCircle Medical) is formed for the purpose of entering into the durable medical equipment supply business sector, for the purpose of acquiring medical supply businesses and other related medical supply services in the Sun Belt states.