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Action Products International Sets Sales Goals
23 June 2005Action Products International, Inc. (NASDAQ:APII - News), a leading toy designer and manufacturer of educational and positive, non-violent branded toys for pre-school children through pre-teens, announced that the company sales goal is yearly sales growth of 15-20%. "Our strategy for the past several years has been focused on creating the foundation for growth by establishing a sound corporate structure and building our management team. We are now prepared for the future and are turning more of our attention to our strategic goals of accelerating our growth, enhancing profitability and increasing market share," said Ron Kaplan, CEO.
In addition, the company reported that recent exercising of the $3.00 warrants has increased the total number of shares outstanding to approximately 5,000,000 shares and the float is estimated at nearly 3,000,000 shares. This has provided greater liquidity. Several institutions have raised their positions in the last several months, as reported on Yahoo Finance.
Action Products annual meeting is scheduled for 10:00 A.M., June 29 at the company's headquarters. Brokers, money managers, analysts, and investors are encouraged to attend. The company will be showing some of the new products to be introduced later this year and in 2006.
About Action Products
Action Products International, Inc. brands include JAY JAY THE JET PLANE Wooden Adventure System(TM), I Dig Dinosaurs® and I Dig Treasures® excavation activity kits, Space Voyagers® ("The most authentic Space Toys on Earth"), Wild Climbers(TM) and Climb@Tron(TM) window-climbing animals and robots, Play and Store(TM) themed playsets, Kidz Workshop(TM) wooden projects, Drop Zone Extreme(TM) parachute toys, and Curiosity Kits®, a leading, award-winning specialty brand for kids' craft and activity kits. Its products are marketed and sold worldwide to specialty retailers, museums, toy stores, theme parks, attractions, zoos, catalog companies, Internet retailers, and educational markets.
Visit the Company's web site at http://www.apii.com.
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.
-------------------------------------------------------------------------------- Contact: Action Products International, Inc., Orlando Ray Oliver, 407-481-8007 Ext 723 or Aurelius Consulting Group, 800-644-6297
-------------------------------------------------------------------------------- Source: Action Products International, Inc.
Source: Business Wire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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