SOURCE: Action Products International, Inc.

Action Products International, Inc.

July 01, 2011 09:00 ET

Action Products International Announces Settlement of Debt With Former Chinese Supplier

NEW YORK, NY--(Marketwire - Jul 1, 2011) - Action Products International (PINKSHEETS: APII) today announced that it has resolved the Company's issue of the outstanding debt owed to Fuzhou Transbrilliant Co., Ltd. of China, a former supplier to the company. The announcement was made by Gary Polistena, CEO of Action Products International, Inc.

"Thanks to the efforts of the Company's team of consultants we are pleased to announce that we have been able to resolve approximately $1 million in unpaid invoices and fees from Fuzhou Transbrilliant removing any future litigation regarding such debt and have taken one more giant step toward the completion of the Company's restructure. Through third party investors to the Company, we were able to have them assume the Fuzhou Transbrilliant debt by paying off the debt in total as part of the Company's overall restructuring strategy," said Polistena. He added, "This is one more significant step in our planned transformation of Action Products International, Inc."

Action Products International, Inc. currently is in various stages of conversations with potential acquisitions and intends to become a holding company for small-to-mid-sized businesses that bring unique products and/or services to the marketplace with the potential to rapidly grow in their specific areas.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the U.S. Securities & Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of information, future events or otherwise.