Action Products to Participate in Upcoming International Expositions
Company Provides Update to Shareholders
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 08/18/11 -- Action Products International, Inc. (PINKSHEETS: APII) today announced that the company has been invited to participate in two upcoming business expos.
Action Products will be a presenting sponsor at the NY Business Expo on September 22 at the NYS Armory (68 Lexington Avenue) and will also be a part of a panel that will discuss global trade with China and other countries. The company also said that in light of its new direction in the global market, Action Products is also receiving invitations to international business shows, including an invitation to "The China High Tech Fair 2011," scheduled to take place November 16-21 at the Shenzhen International Convention & Exhibition Center in Shenzhen, China, the focus of which will be on network communication products and computer peripheries, software applications and information services, and consumer electronic products.
Additionally the company said that it is continuing the process of negotiations with potential acquisition candidates and anticipates entering into formal letters of intent with several such candidates in the near future, after which the company intends to become fully reporting by filing a Form 10 registration statement with the Securities and Exchange Commission. Such acquisitions are intended to implement the company's new vertical business model and are anticipated to include operating assets in the Convergent Cloud Infrastructure and networks (CCI), Software as a Service, (SaaS) and Social Media as a Service (SMaS) spaces. The company intends to capitalize on the global shift from traditional Enterprise Software, Hardware and Licensing to Net Zero Access Cloud Computing, Mobile Handsets, Laptops, Notebooks, Tablets, Applications and Set-Top TV for social, political, financial, commercial and industrial cloud economies globally. Gary Polistena, the company's CEO, commented: "We are truly excited about the how the company's business is evolving with our new management team. We feel that the talent on our new team, together with our new business focus, will produce a clear success story for our shareholders."
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 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.
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Datum: 18.08.2011 - 12:00 Uhr
Sprache: Deutsch
News-ID 47829
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