SOURCE: Action Products International, Inc.

Action Products International, Inc.

January 04, 2010 13:59 ET

Action Products Int'l Seeks Reverse Merger Partner

ALTAMONTE SPRINGS, FL--(Marketwire - January 4, 2010) - In accordance with the Company's policy of providing its shareholders with all relevant updates, Action Products Int'l, Inc. (PINKSHEETS: APII) has filed its unaudited financial statement thru November 30, 2009 (www.pinksheets.com). Management has reiterated their commitment to continue to seek and identify a Reverse Merger Partner.

Warren Kaplan, Principal Restructuring Officer, said: "The Company has been in business since 1977 and public since 1985. It is nearly in a position to turn over the reins of the empty 'Public Shell' to the most qualified privately-owned company, who will continue to operate its business activities for the benefit of our stockholders. This is what the APII Shell brings to the table:

1) An existing trading market for the stock with 11 market makers for 20+ years,

2) Very limited float,

3) A very conservative market cap of less the $300,000,

4) The lowest historical stock price,

5) Management is willing to step out of the picture,

6) Operating loss carry forward of $11,600,000,

7) Current financials posted www.pinksheets.com (http://www.pinksheets.com),

8) A merger agreement can be entered into immediately.

Under certain circumstances, the company can be returned to a full NASDAQ listing."

All interested parties are asked to E-mail: TOBYInvestmentGp@AOL.com. Telephone calls cannot be accommodated.

This document contains certain forward-looking statements concerning Provident, as well as other expectations, plans, goals, objectives, information or statements about future events, conditions, results of operations or performance that may constitute "forward-looking statements" or "forward-looking information" under applicable securities legislation. Such statements or information involve substantial known and unknown risks and uncertainties, certain of which are beyond Action Products Int'l, Inc.'s control, including the impact of general economic conditions in Canada and the United States, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, pipeline design and construction, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities.

Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. In addition to other assumptions identified in this news release, assumptions have been made regarding, among other things, commodity prices, operating conditions, and capital and other expenditures, and project development activities.

Although Action Products Int'l, Inc. believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because Action Products Int'l, Inc. can give no assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Action Products Int'l, Inc. and described in the forward-looking statements or information.

The forward-looking statements or information contained in this news release are made as of the date hereof and Action Products Int'l, Inc. undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

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