Action Products Announces Results from Annual Meeting of Shareholders.Business Editors ORLANDO, Fla.--(BUSINESS WIRE)--June 4, 2004 Action Products International, Inc. (Nasdaq:APII APII Asia-Pacific Information Infrastructure APII Ablation Plasma Ion Implantation APII Advanced Prototype Information Infrastructure (US DoD DISA) ), a leading toy designer and manufacturer of educational and positive, non-violent branded toys for pre-school children through pre-teens, today announced that at its Annual Shareholder's Meeting, held Thursday, June 3, 2004, at the Company's corporate headquarters, stockholders approved: -- the election of the nominated directors - Ronald S. Kaplan, Warren Kaplan and Neil Swartz; -- the amendment to amended and restated Articles of Incorporation and ByLaws The rules and regulations enacted by an association or a corporation to provide a framework for its operation and management. Bylaws may specify the qualifications, rights, and liabilities of membership, and the powers, duties, and grounds for the dissolution of an providing for the declassification de·clas·si·fy tr.v. de·clas·si·fied, de·clas·si·fy·ing, de·clas·si·fies To remove official security classification from (a document). de·clas of its board of directors thus requiring all board members to stand for re-election at the 2005 Annual Meeting of Shareholders and thereafter; and -- to increase the number of common shares reserved for issuance in accordance with the Company's 1996 Stock Option Plan by 500,000 shares to 1,400,000. In a presentation to attending shareholders and guests, Company CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Ronald Kaplan Ronald M. Kaplan is Chief Technology and Science Officer at Powerset, Inc. He is also a Consulting Professor in the Linguistics Department at Stanford University and a Principal of Stanford's Center for the Study of Language and Information. also detailed several of the Company's planned growth strategies for 2004 and beyond, which included the pursuit of additional acquisition candidates; continued focus on building equity in Action Product's expanding brand portfolio; ongoing attention to improving profit margins - particularly the extensive line associated with its recently acquired Curiosity Kits; exploitation of growth opportunities with the toy industry given prevailing consumer market trends and dynamics; and the identification and development of new marketing channels for the Company's products. The company will be appearing on Let's Talk Stock on Sunday June 6 in Philadelphia at 7:00 AM on Fox, Detroit at 6:30 AM on Fox and Tampa at 2:00 PM on ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. . Additional showings are scheduled during the month of June. ABOUT ACTION PRODUCTS INTERNATIONAL, INC. Action Products is a leading designer and manufacturer of educational and positive branded toys emphasizing fun, quality brands including JAY JAY THE JET PLANE Jay Jay the Jet Plane is a CGI children's television cartoon fiction series. It has about 60 episodes. The characters are mostly talking airplanes, and a helicopter, and some humans, and two talking ground vehicles, based at a fictional Tarrytown Airport in the USA. Wooden Adventure System(TM), I DIG Dinosaurs(R) and I DIG Treasures(R) excavation activity kits, Space Voyagers(R) ("The most authentic Space Toys on Earth"), Wild Climbers This list of climbers includes both mountaineers and rock climbers, since many (though not all) climbers engage in both types of activities. The list also includes boulderers and ice 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 it's recently acquired Curiosity Kits(R), the 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. For more information on Action Products' toys, email marketing@apii.com or visit the Company's web site at www.apii.com. Any statements that are not historical facts contained in this release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . 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 relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc product demand, pricing, market acceptance, the effect of economic conditions, and intellectual property rights and 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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