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.
SOURCE AMREP Corporation