Full Circle Registry redeems all outstanding convertible debentures

Pittsburgh, Nov. 10 - FullCircle Registry Inc. redeemed all its outstanding convertible debentures issued during a previous funding arrangement with a private equity company, according to a company news release.

The redemption was funded by an equity investment made by the company's chairman and chief executive officer.

The funding originally provided the investor with convertible debentures and warrants to purchase shares of the company's common stock, the release said.

"We believe that by redeeming the convertible debentures and eliminating the interest payments thereon, Full Circle will be able to turn the corner toward profitability in the next two quarters," president and chief executive officer Isaac Boutwell said in the release.

Full Circle is a Louisville, Ky., technology-based company that provides emergency document and information management to consumers.

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