SOURCE: Action Products International, Inc.

October 16, 2007 10:53 ET

Action Products Board Approves Acquisition Plan

Currently Pursuing Acquisitions Inline With Market Trends

ORLANDO, FL--(Marketwire - October 16, 2007) - The Board of Directors of Action Products International, Inc. (NASDAQ: APII) has endorsed a slate of proposed initiatives to pursue acquisitions of one of certain growth companies. The potential acquisition partners are in children's businesses, however, are not toy businesses. The company is planning to acquire one of the several companies with whom it is currently in confidential negotiations.

"We are here to increase value for our stakeholders," notes Chairman, Ronald S. Kaplan, "and our board sees compelling ways to accelerate that effort by taking the company beyond our current business model. This is in areas where we have familiarity, but they are clearly areas that are more expansive and enriching than where this Company had been focused. These are growing business segments, strategic to assets we have now, where consumers, along with investment capital, are migrating quickly."

The initiative materially includes, but is not limited to, increasing the company's presence with families on the Internet.

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
    Public Relations Manager
    Action Products International, Inc.
    (407) 660-7221
    bdinkel@apii.com