SOURCE: Action Products International, Inc.

November 19, 2010 15:27 ET

APII Realizes US $2 Million in Outstanding Debts Owed to Chinese Manufacturers; Commences Resolution

SCOTTSDALE, AZ--(Marketwire - November 19, 2010) - Action Products International, Inc. (PINKSHEETS: APII) today announced that The Bull Consulting Group ( returned from their trip to China and reported on APII's outstanding debt to companies operating within the country.

While in China, Ele Kauderer, principal with The Bull Consulting Group, met with over six manufacturing companies. Their accounting revealed that APII owes approximately US $2 million to several of the companies with which they're seeking to forge stronger ties. 

"We accomplished a lot while in China," said Kauderer. "And now that we're back in the US, we'll continue to move forward as we build APII further."

With the guidance of The Bull Consulting Group, APII is seeking to resolve these debts in an expeditious manner. Settling these debts will be considered integral to each company's involvement in APII's long-term plans as they expand into an international holding company.

By sending The Bull Consulting Group to China, APII commenced their long-term vision to become a major holding company for manufacturing and technology interests. While in China, The Bull Consulting Group also met with several corporate boards who have expressed an interest in working with APII.

"The trip to China was the next logical step in our advancement," said Gary Polistena, member of the Board of Directors for APII. "We are thankful that the Bull Consulting Group conducted such a series of productive meetings on behalf of the company."

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information