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): July 28, 2006

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 July 28, 2006, Action Products International, Inc. (the “Company”) issued a press release setting forth the Company’s expected revenues and net loss for the six months ended June 30, 2006. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

The information furnished in this Item 2.02, 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 in this Item 2.02 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 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

Effective July 28, 2006, the Company’s Board of Directors accepted the resignation of Lawrence H. Bernstein, the Company’s President and Chief Operating Officer.

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 July 28, 2006, issued by Action Products International, Inc.

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/ JOHN R. OLIVER
	John R. Oliver Chief Financial Officer
	Date: July 31, 2006

EX-99.1

Exhibit 99.1

Press Release

Action Products International Reports Preliminary Second Quarter Operating Results and Management Change

ORLANDO, FL – (MarketWire) – July 28, 2006 –Action Products International, Inc. (NASDAQ-CM:APII) announced today preliminary operating results. For the six months ended June 30, 2006 the company expects to report net sales of approximately $3.2 Million, a decline of $600,000 and expects a loss in excess of $0.20 per share. The Company expects to report earnings by August 7, 2006.

The Board of Directors has taken the resignation of Lawrence H. Bernstein the Company’s President and Chief Operating Officer, effective today. Mr. Bernstein became the Company’s President/COO in November 2005.

Ronald Kaplan, Chairman and Chief Executive Officer stated that, “Our cash flows from operations continue to improve as a result of process and technology initiatives implemented to improve the overall customer experience. Our balance sheet remains strong and initiatives are well under way to enhance our core business, expand and promote our brands.”

About Action Products International, Inc.

Action Products International, Inc, based in Orlando Florida is a toy manufacturer, emphasizing educational and positive play brands, including JAY JAY THE JET PLANE Wooden Adventure System, the I DIG ® series, Space Voyagers® “The most authentic Space Toys on the Earth,” ToddWorld™ soft play toys, Climb@Tron™ window-climbing robots, Curiosity Kits® and IMADETHAT™. Its products are marketed and sold to toy stores, specialty retailers, Internet retailers, museums, zoos, theme parks, attractions, catalog companies and education markets in the United States and worldwide.

Contacts:	Adam Ben-Evi, SBW Alliance Group 407-574-7309
	Premier Funding & Financial Marketing Services 480 649-8224
	Kelly Black, President, kblack@premierfundingservice.com
	Heather Kerwin, Investor Relations, hkerwin@premierfundingservice.com