-----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, T2UmyVbLzqHQVXh2dfE7bfu8pf2rgsaRwGm/wHiDvMMGtALx7pEjxMgTVPa7Wf1V nNB9PEj/JYm1OTyWuR3UQw== 0001193125-05-008072.txt : 20050119 0001193125-05-008072.hdr.sgml : 20050119 20050119120100 ACCESSION NUMBER: 0001193125-05-008072 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050118 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050119 DATE AS OF CHANGE: 20050119 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-13118 FILM NUMBER: 05535454 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 8-K 1 d8k.htm FORM 8-K Form 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 


 

FORM 8-K

 


 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): January 18, 2005

 


 

Action Products International, Inc.

(Exact name of registrant as specified in its charter)

 


 

Florida   001-13118   59-2095427
(State of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)

 

1101 N. Keller Road, Suite E

Orlando, Florida 32810

(Address of principal executive office, including zip code)

 

(407) 481-8007

(Telephone number, including area code)

 


 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 



Item 2.02 Results of Operations and Financial Condition.

 

On January 18, 2005, Action Products International, Inc. (the “Company”) issued a press release setting forth, among other matters, the Company’s profitability for the three months ended December 31, 2004. A copy of the Company’s press release is attached hereto as Exhibit 99.1.

 

The information in this report, including the exhibit hereto, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended. The information contained herein and in the accompanying exhibit shall not be incorporated by reference into any filing with the Securities and Exchange Commission made by the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

 

Item 9.01 Financial Statements and Exhibits.

 

(a) Financial Statements of Business Acquired: None
(b) Pro Forma Financial Information: None
(c) Exhibits:

 

Exhibit No.

 

Description


99.1   Press Release dated January 18, 2005 titled “APII to Report a Profit in the Fourth Quarter”


SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 

ACTION PRODUCTS INTERNATIONAL, INC.

By:

 

/s/ ROBERT L. BURROWS


   

Robert L. Burrows

Chief Financial Officer

 

Date: January 19, 2005

EX-99.1 2 dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

 

APII To Report A Profit In The Fourth Quarter

Company Sees Better Results in 2005

 

ORLANDO, Fl –(Business Wire) – January 18, 2005 – Action Products International, Inc. (NASDAQ-SC: APII), a leading toy designer and manufacturer of educational and positive, non-violent branded toys for pre-school children through pre-teens, today announced that the current outlook is for the company to report a profit in the fourth quarter. This has not occurred since 1997. The expected profit is a result of sharply increased sales and control of expenses. Last year, the company recorded a loss of $584,500 in the fourth quarter. The new estimate of a profit is an upward revision from previous estimates of a reduced loss to breakeven in the fourth quarter.

 

This would be the second quarter in a row that the company has earned money. CFO Robert Burrows said, “The surge in profitability is due to record quarterly sales and expense controls. Our goal for 2005 is to generate continued sales growth and record a profit for the year. There is a greater focus on accountability in each operating department and with the addition of at least 50 new products in 2005, we are well positioned to set new sales records.”

 

Ron Kaplan, CEO and President added, “We are sponsoring a major reception at FAO’s exciting new store in New York City during Toy Fair in February. We look forward to this being a major social event. Action Products continues to gain acceptance in the specialty toy market with exciting non-violent educational products. Besides the escalating Action Products brands, we will be showing, for the first time, the expanding Curiosity Kits® brand. We are expecting a great reception to our new products at the Toy Fair in February.”

 

The company anticipates reporting full audited financial results by February 25.

 

Action Products International, Inc. is a multi brand designer and manufacturer of educational and positive branded toys emphasizing fun. Quality brands including JAY JAY THE JET PLANE Wooden Adventure System, I Dig Dinosaurs® and I Dig Treasures® excavation activity kits, Space Voyagers® (“The most authentic Space Toys on Earth”), Wild Climbers and Climb@Tron window-climbing animals and robots, Play and Store themed playsets, Kidz Workshop wooden projects, Drop Zone Extreme parachute toys, and Curiosity Kits®, a 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, 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. 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 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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