ORLANDO, Fla., Nov. 1, 2004 (PRIMEZONE) -- Action Products International, Inc. (Nasdaq:APII) today announced that its Board of Directors has declared a warrant dividend.
The warrant dividend anticipates that the company's common shareholders will receive one warrant for each common share owned as of the record date, which is anticipated to be January 7, 2005. The warrants, as proposed, will have a term of one year and will have an exercise price of $3.00 per share for the first six months of the term and $3.50 for the second six months of the term.
This press release is being issued pursuant to SEC Rule 135, and it does not constitute an offer of any securities for sale or a solicitation of any offer to purchase securities.
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.