Tallahassee, FL 2/2/12 (StreetBeat) -- FullCircle Registry, Inc.'s (OTCBB: FLCR) Board of Directors is pleased to announce the completion of its digital conversion at the Georgetown 14 movie theater in Indianapolis. The state-of-the-art conversion to digital eliminates all 35mm reel projection and provides the capability to show 3D films on each of its 14 screens, ensuring the highest quality movie viewing experience for all of its patrons. The digitization was funded with a $770,000 financing agreement, which was recently finalized.Additionally, access to Georgetown 14 has greatly improved since the completion of the road construction on the exits off of I-65 providing six-lane access to the theater from one direction and four-lane access from the other direction.
The company also announced that Georgetown 14 had the best month of January in its history with an increase in ticket sales of 60% over January 2011. January 2012 ticket sales were higher than any single month of 2011 with the exception of July, which was at the height of the summer blockbuster film season.
"We expect this trend of significantly higher ticket sales to continue throughout this year," stated Norman Frohreich, President and CEO of FullCircle Registry. "Upgrading our theater to digital, improved road access and the recent closing of a nearby competitor are all key factors that should play an important role in our 2012 revenue growth." Mr. Frohreich continued, "It was important to complete the digital conversion now in order to take full advantage of what is expected to be a much better crop of top rated movie releases in 2012 than has been seen in recent years."
Mr. Frohreich will be releasing a shareholder letter in February with additional details and other important progress on each of FullCircle Registry's lines of business.
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