SOURCE: ActionView International, Inc.

March 17, 2008 10:46 ET

ActionView International, Inc. Announces Continuation of Due Diligence Process and Presentation of New Candidates for Acquisition

VANCOUVER, BC--(Marketwire - March 17, 2008) - ActionView International, Inc. (OTCBB: AVWI) today announced that it is continuing its due diligence process and is evaluating acquisition candidates, including new opportunities that have recently been presented to the company.

"While we continue our due diligence and consider the acquisition candidates that have previously been presented to us, several new opportunities have been added as options for ActionView to consider. We will continue our evaluation of each of these opportunities and expect to close on the acquisition that would be most beneficial to shareholder value," stated Steven R. Peacock, president/chief executive officer of ActionView International.

As management reviews acquisition candidates, ActionView International continues to prepare for the acquisition by maintaining the company's fully reporting status and completing debt reduction and balance sheet clean-up efforts.

ActionView has already utilized its positioning for an acquisition transaction to its benefit, providing a $120,000 financing component to Redwood Capital, Inc., which was working to complete an acquisition/reverse merger transaction on behalf of a private Chinese firm. With the successful close of the transaction, Redwood Capital has made full repayment of the financing amount to ActionView, plus the interest that had accrued.

About ActionView International, Inc.

ActionView International's operating subsidiary custom-designs, develops, and manufactures vividly illuminated motion billboards. ActionView places its signs into high traffic locations and markets advertising space on the signs. ActionView shares advertising revenue generated from the billboards with advertising agencies, the local business partner and the location owner. The benefit to advertisers is exposure in high traffic locations at reasonable costs due to the scrolling feature and multiple advertisers. For additional information about ActionView, please visit the company's website at www.actionviewinternational.com.

Forward-Looking Statements

This release contains 'forward-looking statements' within the meaning of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward-looking statements.' Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated.

Contact Information

  • Contact:
    Gemini Financial Communications
    A. Beyer
    951-677-8073
    Email Contact