SOURCE: Action Products International, Inc.

Action Products International, Inc.

September 28, 2010 11:01 ET

APII Signs Letter of Intent to Retain ET Consulting; States Intentions for Relisting on NASDAQ

SCOTTSDALE, AZ--(Marketwire - September 28, 2010) -  Action Products International, Inc. (PINKSHEETS: APII) today announced that they have signed a letter of intent to retain ET Consulting to further facilitate their growth and advancement.

Based in Manhattan, ET Consulting will be tasked with facilitating a reverse merger with a suitable and successful company and injecting capital into APII. Additional responsibilities include keeping shareholders informed of developments ranging from day-to-day developments to updates on any outstanding debts.

Manhattan-based ET Consulting specializes in providing advisory services regarding acquisitions and mergers, investor relations and securing capital for select companies.

"ET Consulting has considerable experience and resources; we chose them after careful consideration," said Raul Martinez, President of APII. "Bringing ET Consulting onboard is the next step in assisting shareholders' efforts to regain the capital structure of the company."

ET Consulting is also in the final stages of recruiting a top tier public relations firm for APII. The retention of a top tier public relations agency will ensure that the company's products and company news are properly represented to consumer and business media.

In a related development, APII executives also stated that they do not intend to implement a reverse split of their stock. Within six months, APII leadership intends to file a successful reg statement that will bring about the company's re-listing on the NASDAQ.

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

  • Investor Relations and Creditors

    Raul Martinez
    Action Products International, Inc.
    Office: 407.442.0402