-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VQ4JbHh9g6m+8OMrMbAJY+Qk6tsSgAmm2WtgByhGXe5Wulkg/JDTSNgvDMr8zVaP VbKlhAblxAmeIEizPbVh9g== 0001193125-03-066112.txt : 20031023 0001193125-03-066112.hdr.sgml : 20031023 20031023132924 ACCESSION NUMBER: 0001193125-03-066112 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20031023 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ACTION PRODUCTS INTERNATIONAL INC CENTRAL INDEX KEY: 0000747435 STANDARD INDUSTRIAL CLASSIFICATION: GAMES, TOYS & CHILDREN'S VEHICLES (NO DOLLS & BICYCLES) [3944] IRS NUMBER: 592095427 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-106713 FILM NUMBER: 03953690 BUSINESS ADDRESS: STREET 1: 344 CYPRESS RD CITY: OCALA STATE: FL ZIP: 34472-3108 BUSINESS PHONE: 3526872202 MAIL ADDRESS: STREET 1: 344 CYPRESS ROAD CITY: OCALA STATE: FL ZIP: 34472-3108 FORMER COMPANY: FORMER CONFORMED NAME: ACTION PACKETS INC DATE OF NAME CHANGE: 19880818 424B3 1 d424b3.htm PROSPECTUS SUPPLEMENT Prospectus Supplement

Prospectus Supplement

    SEC File No. 333-106713

(To Prospectus Dated July 31, 2003

    Filed Pursuant to Rule 424(b)(3)

and Prospectus Supplement Dated

     

September 11, 2003

     

and Prospectus Supplement Dated

     

October 15, 2003)

     

 

Action Products International, Inc.

3,272,092 Shares of Common Stock Underlying Common Stock Purchase Warrants

 

This Prospectus Supplement supplements the Prospectus dated July 31, 2003, as supplemented on September 11, 2003 and October 15, 2003, relating to the prior registration of our public offering of common shares issuable upon exercise of common stock purchase warrants.

 

Additional Warrant Solicitation Agent

 

We have appointed Allen Douglas Securities, Inc. to act on a nonexclusive basis as a solicitation agent in connection with the exercise of the warrants pursuant to a Warrant Solicitation Agreement dated October 5, 2003 between us and Allen Douglas Securities.

 

Pursuant to the Warrant Solicitation Agreement, we have agreed to pay Allen Douglas Securities a cash fee of 10% of the total proceeds received from exercises of the Public Warrants, if

 

  • the market price of our common shares on the date the warrants are exercised is greater than $2.00, the exercise price of the warrants;

 

  • you designate in writing that the exercise of the warrants was solicited by Allen Douglas Securities and the name of the broker-dealer to receive compensation for such exercise;

 

  • the warrants are not held in an account over which Allen Douglas Securities has discretionary authority;

 

  • disclosure of compensation arrangements was made both at the time of the offering and at the time of exercise of the warrants; and

 

  • the solicitation of exercise of the warrant was not in violation of Regulation M promulgated under the Securities Exchange Act of 1934.

 

GunnAllen Financial and J.P. Turner & Co. will also continue to serve, on a nonexclusive basis, as solicitation agents in connection with the exercise of the warrants as described in the Prospectus Supplements dated September 11, 2003 and October 15, 2003, respectively.

 

The date of this Prospectus Supplement is October 23, 2003.

 

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