Published:
Action Products Revenue Update
Action Products International, Inc.
(NASDAQ: APII), a leading toy designer and manufacturer of educational and
positive non-violent branded toys, announced sales for fiscal year 2005 are
tracking ahead of 2004, although a final 2005 revenue figure won't be
available until January.
Action Products' CEO, Ron Kaplan, commented, "We are pleased with the
strong holiday season sales for our brands. We are looking forward to
increasing the growth curve on our top-line while maintaining our emphasis
on delivering profits. With the new product lines we have ready, and a
strengthened management team, we are gearing up for accelerated growth in
2006."
Preliminary, un-audited results to date show increases in annual sales, in
addition to profit improvement. Final sales numbers should be available in
January, and fully audited financial results are scheduled to be filed
early in March.
New company president, Lawrence Bernstein, added, "2005 was a good year for
our company. We are delivering record revenue this year and we anticipate
profit growth, but this was also a transitional year, especially for our
new Curiosity Kits brand and other brands introduced just recently. I am
confident the next few years will give our shareholders increased growth,
profits, and greater presence in the consumer market."
About Action Products International, Inc
Action Products International, Inc., based in Orlando, Florida, is a toy
manufacturer emphasizing educational and positive play brands including JAY
JAY THE JET PLANE Wooden Adventure System, the I DIG ® series, Space
Voyagers® "The most authentic Space Toys on the Earth," Climb@Tron(TM)
window-climbing robots, and Curiosity Kits®. Its products are marketed
and sold to toy stores, specialty retailers, Internet retailers, museums,
zoos, theme parks, attractions, catalog companies and education markets in
the United States and worldwide.
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.
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