SOURCE: Action Products International, Inc.

December 04, 2006 11:20 ET

Final Judgment Entered in Favor of Action Products International, Inc.

ORLANDO, FL -- (MARKET WIRE) -- December 4, 2006 -- Action Products International, Inc. (NASDAQ: APII) announces to shareholders, after several weeks in post trial judicial deliberation, final judgment was entered in favor of Action Products International, Inc. by the Circuit Court of the Eighth Judicial Circuit, Alachua County, Florida for $5,100,000, the amount previously awarded by the jury.

The company understands from counsel that judgment debtors have thirty days (from November 20th) to appeal the judgment, but that the judgment debtors must post bond for the full amount of the judgment.

"Although we would prefer to have not been damaged in the first place, we are pleased with the Court's final decision. Until bond is posted we are moving vigorously to enforce and collect the judgment, and are ready for an appeal," said Action Products' CEO Ronald Kaplan, adding, "At this point we would welcome an appeal as that means a bond is posted for the full amount, eliminating the work of collection.

"Chances of reversal on appeal are always slim. It is our further understanding that in taking so long to rule on the jury's verdict and the defendant's final motions for dismissal, and by further documenting what the Court did in reaching this final ruling for the judgment, including reading back through trial transcripts, the judge lessens chances of a reversal on appeal."

The judgment bears interest at the rate of 9% ($459,000) per annum. The judgment amount of $5.1 million does not include legal costs/expenses that may also be pursued as provided by this ruling.

Action Products International is represented in this matter by the commercial litigation division of Morgan & Morgan, P.A. of Orlando, FL. headed by Keith R. Mitnik, Esquire along with partners Gregorio A. Francis, Esquire and Brandon S. Peters, Esquire.

About Action Products International, Inc.

Action Products International, Inc. (APII), based in Orlando, Florida, is a consumer products manufacturer, emphasizing branded educational and positive leisure products. Action Products consumer brands span activities, arts, crafts, juvenile products and toy categories. Its products are marketed and sold to retailers and consumers.

Visit the Company's web sites at and

Forward-Looking Statements

Any statements that are not historical facts contained in this release are forward-looking statements. It is possible that the assumptions made by management for purposes of such statements may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. Such statements may involve risks and uncertainties, including but not limited to those relating to product demand, pricing, market acceptance, the effect of economic conditions, intellectual property rights, the outcome of competitive products, risks in product development, the results of financing efforts, the ability to complete transactions, and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. The Company undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made.

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