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ACTION PRODUCTS INTERNATIONAL REPORTS INCREASED SALES AND PROFITS FOR FIRST QUARTER

 ACTION PRODUCTS INTERNATIONAL REPORTS
 INCREASED SALES AND PROFITS FOR FIRST QUARTER
 OCALA, Fla., April 20 /PRNewswire/ -- Action Products International, Inc. (NASDAQ: APII) is a major manufacturer and importer of space, dinosaur, animal and aquarium gift items specializing in the museum and corporate specialty market and the manufacturer of All Natural Space Adventure Ice Cream and other foods. Judith Kaplan, chairperson, announced the following results.
 ACTION PRODUCTS INTERNATIONAL
 Three Months Ended March 31,
 1992 1991 Percent Change
 Sales $1,122,655 $1,034,878 +8.69
 Net income
 before taxes $ 26,606 $ 16,740 +58.94
 Net income after
 taxes $ 22,615 $ 16,740 +35.10
 Weighted average
 number of shares 936,965 682,942
 Per share $.024 $.024
 "Although we got off to a slow start due to the late arrival of our 1992 catalog, we snapped back with a strong 19 percent sales gain in March," Kaplan said. "We have lowered our operating expenses and coupled with higher sales, we expect strong results for the balance of the year. Increasing sales in Adventure Foods in expected to add substantially to our overall operations. Current assets are nearly four times current liabilities and we continue to strengthen our balance sheet. Cash flow remains very strong."
 The company is expanding its Adventure Foods from three items in 1991 to 20 items by the end of 1992. A new division is Action Publishing, a publisher of children's books. The screen printing division has been receiving increasing order from the current APII customer base.
 -0- 4/20/92
 /CONTACT: Elissa Kaplan of Action Products International, 904-687-2202/
 (APII) CO: Action Products International, Inc. ST: Florida IN: FOD SU: ERN


SS-JB -- FL014 -- 9947 04/20/92 10:18 EDT
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Publication:PR Newswire
Date:Apr 20, 1992
Words:284
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