SOURCE: ActionView International, Inc.

January 28, 2008 09:11 ET

ActionView International, Inc. Announces New Acquisition Target in Hospitality Sector

VANCOUVER, BC--(Marketwire - January 28, 2008) - ActionView International, Inc. (OTCBB: AVWI) today announced that it has targeted a new acquisition candidate, which does business in the hospitality sector and is part of a highly successful international chain of locations. The targeted acquisition is part of a chain that consistently ranks among the highest in its industry for growth.

ActionView International is currently being prepared for the close of the acquisition, which includes maintaining the company's fully reporting status and the completion of debt reduction and balance sheet clean-up efforts.

"The acquisition target for ActionView involves a well-known brand in the hospitality industry, and we are pleased to be delivering this type of company to ActionView shareholders," stated Steven R. Peacock, president/chief executive officer of ActionView International. "We expect to have the remaining work completed and this acquisition transaction closed in the near term. Management looks forward to releasing additional information as it becomes available for public disclosure," added Mr. Peacock.

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