SOURCE: ActionView International, Inc.

August 24, 2007 09:49 ET

ActionView International, Inc. Files 14C on Increase of Authorized Shares to Position Company to Execute Acquisition Strategy

VANCOUVER, BC--(Marketwire - August 24, 2007) - ActionView International, Inc. (OTCBB: AVWI) today announced that a majority of the company's shareholders have approved a resolution of the Board of Directors to file an amendment to the company's articles of incorporation increasing the authorized number of shares of common stock from 75,000,000 to 1,000,000,000. The increase in authorized shares was undertaken so that the company would have the proper share structure for the execution of a strategic acquisition designed to bring value to ActionView International shareholders.

The company has filed a Schedule 14C Information Statement reports a special meeting of shareholders held on August 20, 2007 at the company's corporate offices. At the special meeting, holders of common stock were asked to approve the resolution of the Board of Directors approving the filing of an amendment to its articles of incorporation increasing the number of authorized shares.

The information statement reports that principal shareholders, who collectively represented 31,508,736 shares of the total 61,997,528 shares of common stock, were present. All of the principal shareholders voted in favor of the proposal.

"In conjunction with our work with Javelin Advisory Group to identify and execute a strategic acquisition, it was determined that a change in the authorized share structure would better position ActionView to execute this acquisition strategy," stated Rick Mari, director and chief executive officer of ActionView International. "We look forward to identifying a significant acquisition candidate in the near term and ultimately delivering value to ActionView shareholders through this transaction."

Javelin Advisory Group, a business consulting firm, has been retained to manage the company's ongoing SEC compliance and financial reporting requirements, as well as assisting with the implementation of a strategy to deliver value for ActionView International shareholders. Javelin Advisory Group provides a number of vital services to public companies, including financial reporting and SEC compliance, the identification and execution of mergers and acquisitions, public company management consulting, and advisory services regarding capital formation and financing.

About ActionView International, Inc.

ActionView International, Inc. 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 or contact us at 1-888-889-0888.

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