SOURCE: Full Circle Image, Inc.

May 04, 2007 09:00 ET

Full Circle Image Announces Financing

ROCHESTER, MN -- (MARKET WIRE) -- May 4, 2007 -- Full Circle Image (PINKSHEETS: FCLE) is an International Franchise Company that deals in the remanufacturing and distribution of new and remanufactured Laser Toner Cartridges, Ink Jet Cartridges, Computer Printer Ribbons, and other types of consumable printing or imaging products. It currently has sales and remanufacturing facilities in Rochester and Grand Rapids, Minnesota, and a sales office in Lakeville, Minnesota. In addition to its Franchisee owned sales operations in the United States it also has minority ownership positions in the Full Circle Image Franchisee owned remanufacturing plants in Jeddah, Saudi Arabia and Panama City, Panama.

Full Circle Image, Inc. (FCLE) of Rochester, MN is pleased to announce that it has received funding through a convertible debenture with an institutional investor. This initial funding has enabled the company to begin the audit procedures necessary for the SEC Registration filings that are needed for the company to be listed on the OTC Bulletin Board. Once the registration filings and application have been made the company will receive additional funding of $200,000. Full Circle Image, Inc. (FCLE) will then become a fully reporting corporation and will be eligible to move to the OTC Bulletin Board Exchange.

Certain matters discussed in this news release may constitute forward-looking statements within the meaning of the federal securities laws. Although Full Circle believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. The accuracy of such statements is subject to a number of risks, uncertainties and assumptions that may cause actual results to differ materially from those projected.

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