$APII Action Products International Announces Search for Chairman of the Board
NEW YORK, Feb. 13, 2012 /PRNewswire via COMTEX/ -- Action Products International, Inc. (OTC Pink: APII ) announced it has commenced a search for a Chairman to lead the company's Board of Directors.
Gary Polistena, CEO of Action Products International, states: "We have accomplished much over the past two months and our rebranding of the company is now nearly complete. The first quarter of 2012 has been focused primarily on restoring the trust of our shareholders and rebuilding the image of Action Products. We have begun establishing aggressive corporate goals and are setting high growth objectives. We believe that now is the time to expand our board by adding a recognized non-executive Chairman who brings long standing leadership experience in technical and business markets around the world. We believe the addition of a Chairman will open new relationships and revenue opportunities, enhancing growth and providing more aggressive research & development opportunities within our core areas of expertise. I expect that in early March we will be able to announce our business growth strategy and new Chairman."
Action Products currently has five members on its board of directors, including its CEO, Gary Polistena. The existing board is composed of experts from the telecommunications, information technology, transportation & logistics and finance industries. The following summary biographies for our directors are also available on our website at http://www.actionproductsinternational.com:
Aziz Ahmad - Mr. Ahmad is currently the CEO of UTC Associates, as well as the CEO and co--founder of Vonair. Mr. Ahmad is a board member of Grameen Solutions, Grameen IT Park in Bangladesh. Mr. Ahmad was the recipient of First Asian Distinguished Alumni award of City University of New York. Previously, Aziz was the lead architect of AT&T's VoIP networks.
Martin Jensen - Mr. Jensen is currently the owner of a private equity firm. He also acts as a board member at the Danish American Chamber of Commerce and holds a senior-level position within a large telecommunications company.
Greg Miller - Mr. Miller is currently the Sales and Business Manager for Core Wafer Systems, a leader in semiconductor and disc drive manufacturing solutions. Greg was previously a Service and Consulting Manager with Agilent Technologies where he was responsible for technical evaluations, pre-sales, and leading project management for complex projects. He also was a Senior Level Engineer within the Marketing, Research & Development, and Corporate IT departments within Hewlett Packard.
Yonghun Kim - Mr. Kim serves as CEO of Power Profit Investment, Ltd. and President of Asia of Newdea, Inc. Mr. Kim is an advisor at BB&R and also to Moroccan American Trade and Investment Corporation. He serves as a partner at Planet Blue E & P, Inc., and has held a number of other consultant and advisory positions throughout his career along with promoting Korean-US relations during the past decade. He is a board member of Newdea, EDC, RediFone and TIP Solutions, Inc. He attended West Point and served in the US Army.
About Action Products International, Inc.
Action Products International, Inc. (OTC Pink: APII.PK) is the parent company of Core Wafer Systems, Inc., a technology leader with a propriety parallel measurement schema for evaluation of physical phenomena in semiconductor and magnetic devices and processes. Their software and hardware is used in the testing and data mining of today's most commonly used hard drives, memory, magnetics, and other advanced semiconductor and nanotechnology-based device components. More information about Core Wafer Systems, the WARp product offering, and its other products is available at http://www.corewafer.com or http://www.actionproductsinternational.com .
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Safe Harbor Statement
This press release contains forward-looking statements. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as its future results of operations and financial condition. Such risks include, but are not limited to, the effects of competition with existing enterprises and/or new entrants into the company's markets and industries, fluctuations in currency exchange rates, domestic and global economic conditions generally, the company's ability to obtain financing and attract suitable personnel where required to fully implement its business plan, the adoption and acceptance by the marketplace of the company's technologies and product and service offerings, the possibility of new technologies that are competitive with the company's planned product and service offerings and the effects of future political and economic developments both in the United States and abroad, among others. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of information, future events or otherwise.
SOURCE Action Products International, Inc.
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