This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AMREP Subsidiary Acquires Certain Assets Of FulCircle, Inc.

PRINCETON, N.J., Jan. 2, 2013 /PRNewswire/ -- AMREP Corporation (NYSE: AXR) today announced that, through a newly-formed subsidiary, it has acquired certain assets of FulCircle, Inc., a Denver, Colorado-based, privately-held company engaged in the marketing strategy, call center service, product distribution and operational solutions businesses. This acquisition will allow AMREP's Media Services business to move further into non-publishing relationships and will allow FulCircle clients to utilize many of the current technologies and operations provided by the Media Services business in its call center, product fulfillment and direct mail services activities.

Michael P. Duloc, President and CEO of AMREP's Media Services business, commented, "We are excited about this transaction because FulCircle's business model is synergistic with our core competencies in the call center and product fulfillment areas, and can therefore be managed and expanded efficiently.  Our long-term strategy is to expand all areas of our services, and this transaction allows us to introduce new clients and services to our Media Services family of companies."

Sam Kimbriel, President and CEO of FulCircle, commented, "FulCircle has been delivering exceptional contact center, e-commerce and fulfillment services for a quarter of a century.  We are excited about becoming a part of this organization, and since we share similar values and cultures this fit is perfect for the clients we serve.  Their technology and mailing capabilities enhance our ability to deliver comprehensive multi-touch marketing programs and will complement services already provided by AMREP's Media Services family of companies."

AMREP Corporation's Media Services operations, conducted by its Kable Media Services, Inc. and Palm Coast Data LLC subsidiaries, distribute magazines to wholesalers and provide subscription and product fulfillment and related services to publishers and others, and its AMREP Southwest Inc. subsidiary is a major landholder and leading developer of real estate in New Mexico.

The statements in this news release regarding the expectation of benefits for AMREP and its Media Services business, the Companies' long-term strategy and the expansion of its non-publishing relationships are forward-looking statements within the meaning of the federal securities laws.  These statements are subject to numerous risks and uncertainties, many of which are beyond the control of AMREP and that could cause actual results to differ materially from such statements.  Further information about such risks and uncertainties may be found in the Company's filings with the Securities and Exchange Commission, all of which are available from the Commission as well as from other sources.  Recipients of this news release are cautioned to consider these risks and uncertainties and to not place undue reliance on the forward-looking statements contained therein.  AMREP disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs