SOURCE: Three Sixty, Inc.

June 12, 2007 00:06 ET

Three Sixty, Inc. Confirms Stock Transfer Agent Status and Further Reduces Its Authorized Shares

ATHENS, GA--(Marketwire - June 12, 2007) - Three Sixty, Inc. (PINKSHEETS: TSXT), innovator of the 360 OTC brand (www.360otc.com) of over-the-counter pharmaceutical products, announced today that it has "un-gagged" their stock transfer agent. This will allow shareholders to confirm the issued and outstanding stock of the company.

"Under the previous management, the stock transfer agent was 'gagged' which did not allow shareholders to confirm the share structure of the company via a third party, thus making it difficult for the shareholders to put a value on their investment. Changing the status of the transfer agent is another step towards our goal of becoming a fully reporting, fully transparent company that will allow shareholders to determine an accurate value for the company," said Michelle Shearer, President & CEO of Three Sixty, Inc.

The current share structure of the company is 23,001,732 total shares issued and outstanding with 20,002,176 of those shares being Restricted Shares (20,000,000 Preferred and 2,176 Restricted Common Shares) and the remaining 2,999,556 Common Shares are in the public float.

The company has filed to reduce the authorized shares to 50,000,000 opposed to the previously announced reduction of 500,000,000 shares by Board Approved Resolution with the Secretary of State of Delaware and should take effect within the next 2 to 3 business days, no additional un-restricted or restricted shares have been issued.

The 20,000,000 Restricted Class of Preferred Shares which represents the entire holdings previously owned by Mr. Edward Hayter were purchased by Michelle Shearer, President & CEO of Three Sixty, Inc. and carry all applicable restrictions. The class of preferred shares carry a 100 (common shares) for every 1 (preferred share) of voting rights and are not convertible to any common shares.

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.

360 OTC products include 360 OTC Pain Relief and 360 OTC Alertness Aid which are available now in 11,846 CVS/Pharmacies, Walgreen's and Meijer stores nationally. 360 OTC is shipping its 360 OTC Hangover Relief and Hangover Relief Lite products in a few weeks to all of its current retailers and will be available at TARGET in August, 2007.

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


    Atlas Transfer Agent, Inc
    Tel: (801) 266-7151
    Fax: (801) 262-0907