September 23, 2010 10:18 ET

APC Group, Inc. Reports 3rd Quarter 2010 Revenues Increased 300%

FAIRBANKS, AK--(Marketwire - September 23, 2010) -  APC Group, Inc. (OTC: APCU) reports unaudited revenues increased 300% to $139,260 for the three months ended August 31, 2010 compared to $34,801 for the three months ended August 31, 2009.

Ken Forster, CEO, commented, "While this is great news during a time deemed one of our slower quarters respectfully, for the 10th continuous quarter, we have grown and are unfortunately still unable to secure funding. I was taught actions speak louder than words; that apparently is not true and with that said, some city somewhere in America will embrace our persistence/growth during the worst economic times. I suspect we could employ 100 plus people annually within their community and we are ready to relocate. With needed funding, our numbers will increase beyond what most could and/or suspect expediently. Please keep in mind, APC has no competition in our respective market places to a greater extent and will continue to develop new patented products unlike anything available anywhere in the history of the world."

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.

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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 Contact:
    Jack Eversull
    The Eversull Group, Inc.
    214-469-2361 (fax)
    Email Contact