SOURCE: Action Products International, Inc.

September 07, 2010 15:27 ET

Action Products Working Towards Debt Restructuring and Reverse Merger

ORLANDO, FL--(Marketwire - September 7, 2010) -  Action Products International, Inc. (PINKSHEETS: APII) announced today the company is in discussions for the completion of a reverse merger with or acquisition of a private company. If completed, the move would bring a solid operating business into the company. In addition, Action Products is working on obtaining financing to pay off existing liabilities or other debt consolidation plan. Until now, the company had considered bankruptcy as its only option. The anticipated measures would allow the company to move forward quickly.

Upon completion of the debt financing, the company will have zero liabilities and be primed for the completion of a merger or acquisition. Additional details are expected within the next couple of weeks. In addition, plans continue towards legal action against former officers and directors.

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 Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information