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APII...Action Products International, Inc. Updated Financials and Removal ofStop Sign

Oct 10, 2011 09:15:34 (ET)


NEW YORK, NY, Oct 10, 2011 (MARKETWIRE via COMTEX) -- Action Products International, Inc. (pinksheets:APII) today is announcing the completion of corporate financial statements and the removal of the stop sign on http://otcmarkets.com by the end of this week.

Gary Polistena, CEO of Action Products set out to reorganize, and rebuild a new vision for the company a few months ago. His first step to bring transparency to investors within the company is the removal of the STOP sign and becoming current with the financials, which are expected to be online and executed by the end of this business week. The company has built an exciting vision and the outlook for future possibilities and relationships that maximize growth for the company and investors is beginning.

"The Board of Directors and I are very pleased about the current financial statement," said Gary Polistena, CEO of APII. "The company progress is very exciting and we expect rapid developments as we proceed further into the fourth quarter. The cloud computing industry is expected to grow by 10-fold over the next five years alone, and I believe our opportunity for profits domestically and in the international marketplace is huge. The issuance of financials and removal of the stop sign is just the first step in our evolution. I want to especially thank shareholders and investors for their continued belief in the re-transformation of APII. With the introduction to open market communications, and recent business opportunities in Asia, I believe our revenue will grow significantly throughout the coming quarters. As CEO, I feel that international trade and revenues will be a vital asset to our continued growth. It is not often that a company of our size is able to meet directly with someone like the Foreign Minister of Bangladesh and we will be executing on all opportunities for job creation and revenue that this avenue has opened up. Our upcoming web presence is being put into place to maximize market penetration, which will allow us to reach out to investors and customers like never before in the history of the company."

Action products will be launching a new corporate presence on the Internet during the fourth quarter. The company will be working closely with business partners to create a technologically advanced and sophisticated web presence that allows investors to keep up to date with company developments, acquisitions, and customers. This new web presence will allow the company to build and maintain relationships with customers and suppliers and allow our services to be showcased to the world. Investors can expect to have available direct lines of communications through all forms of advanced social media from this point forward.

About Action Products International, Inc.

Action Products International, Inc. (pinksheets:APII) is seeking to acquire or merge with companies with growth opportunity within the cloud computing services segment of the market. The company's business model is to bring together companies that deliver technology and services in applications, software, social media and infrastructure as a service.

Safe Harbor Statement

This press release contains forward-looking statements. 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 its future results of operations and financial condition. Such risks include, but are not limited to, the effects of competition with existing enterprises and/or new entrants into the company's markets and industries, fluctuations in currency exchange rates, domestic and global economic conditions generally, the company's ability to obtain financing and attract suitable personnel where required to fully implement its business plan, the adoption and acceptance by the marketplace of the company's technologies and product and service offerings, the possibility of new technologies that are competitive with the company's planned product and service offerings and the effects of future political and economic developments both in the United States and abroad, among others. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of information, future events or otherwise.

SOURCE: Action Products International, Inc.