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OVER-ALLOTMENT OPTION EXERCISED IN CONNECTION WITH ACTION PERFORMANCE COMPANIES INC.'S APRIL 27, 1993, INITIAL PUBLIC OFFERING

 PHOENIX, May 14 /PRNewswire/ -- Action Performance Companies Inc. (NASDAQ-NMS: ACTN, ACTNW) ("Action") announced today that Paulson Investment Company Inc. and Yee, Desmond, Schroeder and Allen Inc. have exercised their over-allotment option. Pursuant to the over- allotment option 187,500 units consisting of one common share and one common share purchase warrant were purchased from Action for $5.50 each. The net proceeds to Action were $907,500.
 Action Performance is a motorsports marketing and promotional company engaged in (i) the marketing of die cast miniature replicas of actual racing vehicles as collectibles and specialty promotional items; (ii) staging turn-key M-Car(TM) Grand Prix Races for charitable organizations; and (iii) the manufacture and marketing of pedal, electric and gas-powered mini vehicles, primarily as specialty promotional items.
 A prospectus may be obtained upon written request to Action Performance Companies Inc., Attention Edward M. Topham, 1783 W. University Dr., No. 131, Tempe, AZ 85281.
 -0- 5/14/93
 /CONTACT: Edward M. Topham of Action Performance Companies, 602-894-0100, ext. 107; or James S. Cole of Kachina Capital Corp., 602-264-0018, for Action Performance/
 (ACTN ACTNW)


CO: Action Performance Companies Inc. ST: California IN: SU:

JB-LS -- LA022 -- 8732 05/14/93 15:27 EDT
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Publication:PR Newswire
Date:May 14, 1993
Words:198
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