Action Products Announces Acquisition of North East Expedite Logistics

by Press Release on 2011-12-23 00:37:33

NEW YORK, Dec. 21, 2011 /Global Logistics Media/ -- Action Products International, Inc. (otc pink:APII) is announcing its acquisition of North East Expedite Logistics, LLC (NEEL), a Delaware limited liability corporation.

"We're pleased to announce our first corporate acquisition," says Gary Polistena, CEO of Action Products. "Over the past year; we have been rebuilding the foundation of APII and searching to acquire companies that build long-term shareholder value. We have been working on this acquisition for most of 2011 and even though APII is not focused directly on logistics, NEEL provides shareholder value by bringing positive cash flow into the company and improves our balance sheet and fixed-asset financial position. As an overview, NEEL provides transportation and logistics services to customers on the East Coast, and as the once preferred trucking company for Circuit City, NEEL built a solid foundation of relationships within the industry, assets and customers which include the USPS, Amazon.com, The Washington Post and Newark Star Ledger.

 

Twice in the past three years, NEEL has surpassed 2 million in annual gross sales. Our first order of business is to optimize business operations by moving away from the traditional terminal and paper system of tracking to a fully cloud-based supply chain technology solution. NEEL is currently running at over 90% capacity, and as we improve margins through optimization, retained cash will be re-invested to improve growth percentages and income. All existing staff of NEEL will be retained post-acquisition, and NEEL will operate as a wholly owned subsidiary of APII. When finalized, an updated corporate financial statement will be released to the public."

About Action Products International
Action Products International, Inc. (otc pink:APII) is a holding company engaged in the acquisition and consolidation of selected companies with strong growth prospects, focused in the cloud services, quality, and 'future tech' computing verticals. APII seeks to bring together companies that deliver complementary technology and services in software applications, social media and cloud computing infrastructure.

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