SOURCE: Three Sixty, Inc.

May 30, 2007 09:06 ET

Three Sixty, Inc. (TSXT) Completes Acquisition/Merger of Rockford-Montgomery Labs, Inc.

ATHENS, GA--(Marketwire - May 30, 2007) - Three Sixty, Inc. (PINKSHEETS: TSXT) announces that it has completed its acquisition/merger of Rockford-Montgomery Labs, Inc., innovator of the 360 OTC brand (www.360otc.com) of over-the-counter pharmaceutical products. Michelle Shearer, CEO & President of Rockford-Montgomery Labs, Inc., has replaced Edward Hayter and Wayne Burmaster as President & CEO and Chairman of the Board of Three Sixty, Inc., effective today.

Under the new company structure, Mr. Hayter and Mr. Burmaster have resigned from their positions, and do not and will not have any affiliation with nor do they own/hold any stock/ownership position in Three Sixty, Inc. and Mr. Hayter has returned 100% of his preferred stock to the company.

The current share structure of the company is 23,001,000 shares issued and outstanding with 20,000,000 Restricted Preferred Shares and 3,001,000 Common Shares in the public float. The company will reduce the authorized shares to 500,000,000 by resolution and will file it with the Secretary of State of Delaware immediately.

Michelle Shearer stated, "We are very comfortable with this acquisition/merger after extensive research and due diligence and are very excited about the completion of this transaction and bringing a fresh start to the company's future." We launched our 360 OTC Pain Relief and 360 OTC Alertness Aid marketing campaign in February 2007 at the Daytona 500 with the 360 OTC Blimp and the #36 NEXTEL CUP SERIES race car driven by Jeremy Mayfield. On April 1, 2007 we became the "Official Pain Relief" of WWE WRESTLEMANIA 23 and Three Sixty Inc. has added its stock symbol "TSXT" on the front hood and both side panels of its #36 360 OTC/TSXT NEXTEL CUP SERIES TOYOTA car.

Today, 360 OTC Pain Relief and 360 OTC Alertness Aid is available nationally in 6,200 CVS/Pharmacy stores, 5,461 Walgreens Stores and all 185 Meijers stores making 360 OTC products available in 11,846 stores nationally. 360 OTC products are available on the web at www.CVS.com.

360 OTC Hangover Relief and 360 OTC Hangover Lite is currently being manufactured and will ship to 11,846 CVS/Pharmacy, Walgreens and Meijers stores. 360 OTC Hangover Relief will also be available online at www.CVS.com.

ABOUT THREE SIXTY, INC:

Three Sixty Inc., is an acquisition company of branded healthcare and food products. The Company targets niche market segments of nationally distributed brands in their respective categories across food, drug, convenience stores and mass merchandisers.

The Company's portfolio of products include the recognized 360 OTC brand which include 360 OTC Pain Relief, 360 OTC Ignite Alertness Aid, 360 OTC Hangover Relief, 360 OTC Hangover Lite and three other products to be announced in the next few weeks.

For more information, please visit the Company's website: www.360OTC.com.

This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

Contact Information

  • Contact:

    Three Sixty, Inc.
    Investor Relations
    Tel: 1-706-354-3725
    Fax: 1-800-927-1593
    www.360OTC.com