-----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, DE/InaOHntH4siayyOObZZ3K1V/VWAZyZXvyKLNLS3oO7Jjp9hMyO1xT5FYtaf6z 05B0KGJ5ZL8ySWNHde5upg== 0001193125-04-079321.txt : 20040505 0001193125-04-079321.hdr.sgml : 20040505 20040505162831 ACCESSION NUMBER: 0001193125-04-079321 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040505 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: 04781889 BUSINESS ADDRESS: STREET 1: 1101 NORTH KELLER RD CITY: ORLANDO STATE: FL ZIP: 32810 BUSINESS PHONE: 4074818007 MAIL ADDRESS: STREET 1: 1101 NORTH KELLER RD CITY: ORLANDO STATE: FL ZIP: 32810 FORMER COMPANY: FORMER CONFORMED NAME: ACTION PACKETS INC DATE OF NAME CHANGE: 19880818 424B3 1 d424b3.htm PROSPECTUS SUPPLEMENT TO PROSPECTUS DATED JULY 13, 2003 Prospectus Supplement to Prospectus Dated July 13, 2003

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 Corpfin.com, 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 April 14, 2004 between us and Corpfin.com.

 

Pursuant to the Warrant Solicitation Agreement, we have agreed to pay Corpfin.com 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 Corpfin.com and the name of the broker-dealer to receive compensation for such exercise;

 

  • the warrants are not held in an account over which Corpfin.com 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 May 5, 2004.

 

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