SOURCE: Action Products International, Inc.

November 02, 2007 14:00 ET

Action Product Extends Line of Credit With Regions Bank

Commercial Bank Credit Facility Extension Reached

ORLANDO, FL--(Marketwire - November 2, 2007) - Action Products International, Inc. (NASDAQ: APII) is announcing we have extended our working capital line of credit. The facility advances up to $2,000,000 working capital funding based on the company's inventory and accounts receivable, is extended till June 1, 2008. The company has maintained lines of credit with commercial banks since 1998.

"We are pleased with our relationship with Regions Bank, and their confidence," notes Action's board chair and acting chief financial officer, Ronald Kaplan. "This is an indication of the value of the tangible assets Action Products has."

The facility originated in 2005 with then AmSouth Bank. AmSouth has since been acquired into Regions Bank.

About Action Products International, Inc.

Action Products International Inc. (APII), based in Orlando, Fla., is a consumer products manufacturer, emphasizing branded educational and positive leisure products. Action Products consumer brands span activities, arts, crafts, juvenile products and toy categories. Its products are marketed and sold to retailers and consumers.

Visit the Company's Web site at www.apii.com.

Forward-Looking Statements

Any statements that are not historical facts contained in this release are forward-looking statements. It is possible that the assumptions made by management for purposes of such statements may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. Such statements may involve risks and uncertainties, including but not limited to those relating to product demand, pricing, market acceptance, the effect of economic conditions, intellectual property rights, the outcome of competitive products, risks in product development, the results of financing efforts, the ability to complete transactions, and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. The Company undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made.

Contact Information

  • Contact:
    Billie Anne Dinkel
    PR Manager
    Action Products International, Inc.
    (407) 660-7221
    bdinkel@apii.com