SOURCE: APC Group

October 12, 2010 09:30 ET

APC Group, Inc. Begins Process to Become Fully Reporting

SCOTTSDALE, AZ--(Marketwire - October 12, 2010) -  APC Group, Inc. (OTC: APCU) announced today that the Company has begun the process in completing its 10Qs and 10Ks over the next calendar year in order to become fully reporting.

Ken Forster, CEO of APC, commented, "APC Group's management believes it is in the best interest of our shareholders to become a fully reporting Pink Sheet company. The Company has come through a tough financial period but we see the economy turning around and interest being generated in our products. We expect some significant orders to be announced shortly. In an effort to reduce costs, our largest expense had been audits and the fully reporting process, which we had eliminated in our cost conservation measures. We now feel that we can resume that reporting. We have succeeded in staying solvent and strengthen our bottom line. Sales have increased for eight quarters and I believe the time is right to allocate funds to become fully reporting in order to strengthen our position in the public markets."

APC Group manufactures and distributes the Arctic Leash™ watertight retractable extension cord reel, the MedReel® and a proprietary line of all weather, indoor/outdoor extension cords under the brand name Arctic Leash™ for home and industrial use. APC Group's flagship products are the hospital-grade MedReel, used in hospital operating theaters, patient rooms and medical carts throughout the world; and the Arctic Leash, used in providing watertight retractable power for any climate anywhere in the world.

APC Group's mission is to be the undisputed leader in the innovative design, marketing, sales and distribution of water-tight retractable power cord reels and proprietary extension cord products and accessories. The company markets and distributes products through media attention, conventional advertising, independent sales representatives, distributors, Web sites, and mass retail department stores and chains throughout the United States and Canada.

Visit APC Group Web sites:

http://www.medreel.com
http://www.arcticleash.com
http://www.apcgroupinc.com

Safe Harbor

This press release contains or may contain forward-looking statements such as statements regarding APC Group's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which APC Group operates which could have a material effect on APC Group's current business model. The news segments may contain information that may not be current and information that may have been forward looking at the time and subsequently may not have come to fruition. The forward-looking statements contained in this press release and the statements contained in the news segments are also subject to other risks and uncertainties, including those more fully described in APC Group's filings with the SEC. APC assumes no obligation to update these forward-looking statements or the statements in the news segments to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.

Contact Information

  • Investor Relations:

    The Eversull Group, Inc.
    Jack Eversull
    President
    972-571-1624
    (fax) 214-469-2361
    Email Contact