Last10K.com

Action Products International Inc (AHIX) SEC Filing 10-Q Quarterly report for the period ending Tuesday, September 30, 2008

Action Products International Inc

CIK: 747435 Ticker: AHIX

Exhibit 99.1

ACTION PRODUCTS ISSUES LETTER TO SHAREHOLDERS

Letter Outlines Operational Improvements and Plans for Year Ahead

ORLANDO, Fla. – (MARKET WIRE) – March 17, 2008 – Action Products International Inc. (NASDAQ-CM: APII), the global manufacturer and distributor of brand-focused educational toys and products, has issued the following letter from the company’s Chairman and CEO Ron Kaplan:

Dear Fellow Shareholders:

With many recent company events we would like to take a moment to update you on our progress.

Operationally Action Products is currently in the midst of a turnaround. Management has launched several new corporate initiatives designed to re-brand the company as the toy industry’s leading manufacturer of safe, fun, and educational products for children. This realignment of resources and capital is expected to have long-lasting effects on our ability to react expeditiously to consumer preferences and cultivate a culture tailored to our customers and shareholders. The following points highlight some key events from 2007 and our outlook for 2008:

Senior Management and Advisory Team

With the help of outside consultants, bringing expertise in operations, organizational analysis and development, we have strategically recruited both a new chief financial officer and a vice president of marketing and sales. These two additions have already reshaped our management team and will allow us to operate as a more cohesive unit focused on implementation of new operational efficiencies during 2008. It is my expectation that the reengineering of our management will be a cornerstone of operational growth initiatives.

In addition to the analysis and strengthening of our management team, we are expanding our sales force, to yield increases in our customer base, as our market focus widens to increase our distribution with specialty chains in the global marketplace. In the coming year, we expect to selectively add additional top-notch talent with the goal of increasing Action’s distribution in our traditional U.S. markets and internationally. In addition, we are reinvigorating our brand marketing focus with a keen emphasis on consumer publicity, promotion, and meeting the increasing demands of a web-based marketplace.

High-Margin Sales Channels

We finished 2007 with our core retail dealers anticipating our new product lines. These dealers reported good holiday sales due in part to the media’s coverage concerning the safety of toys sold by large box mass-marts. Review of the data has indicated that specialty retail stores, chains, and independents, have become stronger and more skilled at operations. This industry momentum supports our strategy of using high-margin branded products and will lead us to anticipated growth from our targeted distribution channels.

 

4


The following information was filed by Action Products International Inc (AHIX) on Tuesday, March 18, 2008 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Action Products International Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Action Products International Inc.

Continue

Assess how Action Products International Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Action Products International Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2008 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools
Ticker: AHIX
CIK: 747435
Form Type: 10-Q Quarterly Report
Accession Number: 0001144204-08-064264
Submitted to the SEC: Fri Nov 14 2008 3:28:24 PM EST
Accepted by the SEC: Fri Nov 14 2008
Period: Tuesday, September 30, 2008
Industry: Games Toys And Childrens Vehicles No Dolls And Bicycles

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/ahix/0001144204-08-064264.htm