SOURCE: Three Sixty, Inc.

May 30, 2007 15:02 ET

Three Sixty, Inc. (TSXT) Hires Former Alberto Culver USA Executive

ATHENS, GA--(Marketwire - May 30, 2007) - Three Sixty, Inc. (PINKSHEETS: TSXT), a brand management company focused on the marketing, sales, production, and distribution of 360 OTC® pharmaceuticals, announced today that it has hired Robert Quay, former Senior Customer Business Manager for Alberto Culver USA, a $3 billion manufacturer of hair and skin products sold through food, drug and mass retail accounts. Alberto Culver brands include VO5, St. Ives, Tresemme, NEXXUS and Consort.

Robert Quay signs on with Three Sixty, Inc. as the Vice President of Sales for the United States and is responsible for overseeing all national accounts including CVS/Pharmacy, Walgreen's, and Meijer.

As the Senior Customer Business Manager for Alberto Culver USA, Robert increased Kmart sales from $9 million to over $25 million in 3 years, increased profitability better than 22%, increased hair care distribution from 25 SKU's to 109 SKU's, increased CVS/Pharmacy's SKU count from 34 to 70, established vertical merchandising for VO5 which has transformed the business nationally and obtained the highest IRI dollar brand share in the Mass Retail Category.

Prior to Alberto Culver USA, Robert was the National Accounts Business Manager for Bausch and Lomb Personal Products Division the leading manufacturer of contact lens and contact lens care products in the world with sales exceeding $4 billion. In Robert's 13 years at B&L, he obtained the highest Nielsen share with the top 5 brands in Mass Retail, annual volume exceeded $40 million, was responsible for distribution into Wal*Mart, Target, Kmart, CVS/Pharmacy, Kroger, Safeway and Walgreen's within the first 6 months of product launch while achieving 80% of the Mass Retail market within the first 2 years.

Robert Quay stated, "OTC Pharmaceuticals which are geared specifically to the youth market and sports enthusiast is what I define as the next evolution of this category. The 360 OTC® brand is the future of the already existing multi-billion dollar analgesic (pain) industry. Three Sixty, Inc., has nailed this category perfectly with its combination of look, product mix and overall image. I'm proud to be a part of a passionate and knowledgeable group of people who are focused and dedicated to selling the best product in the marketplace."

Michelle Shearer, CEO of Three Sixty, Inc., stated, "Mr. Quay's depth of experience and proven ability to quickly launch a brand to the Mass Retailers makes this a perfect fit for us. We are committed to take all the necessary steps to enhance our revenue-generating capacity, which includes expanding our sales team with experienced professionals from the mass retail industry, and implement a national sales plan with targets and incentives. Having Robert join our team is one of those necessary steps."

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