Action Products International Issues Letter of Intent to VizzEco Inc.      

 

http://vizzeco.com/

NEW YORK, NY--(Marketwire -08/26/11)- Action Products International, Inc.   (Pinksheets: APII.PK - News) today announced it that has entered into a Letter of Intent to merge with Google Apps® reseller VizzEco, an Ontario company.    Following the merger, the two companies plan to jointly create a synergistic vertical business model designed to gain maximum benefit from leveraging the respective strengths of each company to market VizzEco's licensed Google® products and service offerings to their targeted customer market, consisting primarily of small and medium-sized businesses.

VizzEco is a licensed world-wide reseller of Google® products and services, including Google Apps® and the soon to be released Google Plus for Business® (Google+4B), which will integrate social media as a service.   The VizzEco business model is designed to capitalize on the trend towards use of cloud computing services (SaaS) in replacement of PC-based software by assisting small and medium-sized businesses to take advantage of the benefits offered by SAAS.   VizzEco also intends to establish a network of retail outlets to generate sales and provide customer training in order to facilitate market acceptance of Google Apps® and Google+4B services. [REF]

 

NEW YORK, NY -- (Marketwire - 07/21/11) - Action Products International, Inc.

Speedbuyer (a forum member and DD team on APII) posted some interesting YouTube vidoes tied to his DD. Since no one really knows at this time, I've placed it under the "Hmm..." thought bubble. Who knows? They may be worth consideration.  Nonetheless they are interesting and could help with someone's future DD.   http://www.youtube.com/watch?v=DpAL5HUSUiA http://www.youtube.com/watch?v=afnsfuHX5WU&feature=relmfu http://www.youtube.com/watch?v=_-DzpAg0SdU&feature=player_embedded http://www.google.com/googlevoice/about.html# http://www.youtube.com/watch?v=nZOCOF15BBQ&feature=player_embedded#at=50

 

Directors and Management

Gary Polistena -- Chief Executive Officer

Mr. Gary Polistena has been the Chief Executive Officer of Action Products International, Inc. since November 2010. Mr. Polistena began his career with the United States Marine Corps where was trained as a specialist in microwave equipment and technology. In less than four years, he advanced to the rank of sergeant (E5) and engaged with the Marine Readiness Acceptance Check (RAC) team as a Communications Subject Matter expert. During his tenure with RAC, Mr. Polistena ... was responsible for ensuring the quality control and logistics of the 2nd Marine Division Prepositioning Force -- a fleet of 4 cargo ships each filled with gear to fully support 19,000 Marines in combat for 30 days. After an honorable discharge, he remained within the telecommunications industry where he served alternately as Project Design Engineer and Project Manager for various telecom carriers and suppliers. During this period, Mr. Polistena oversaw several large scale projects and installations (budgeted at $20 - $40 million), one of which remains on the books as the largest single market build-out in wireless history. [REF]

Yonghun Kim -- BOD Member

Yonghun Kim is a graduate of West Point and served in the US Army. He studied classics at the University of Texas in Austin. Mr. Kim holds leadership in a number of companies including serving as a partner at Planet Blue E & P, Inc. (an oil and gas exploration, production, consulting and advisory firm); CEO of Power Profit Investment, Ltd. (a start up investment/consulting and natural resources trading firm) and President Asia of Newdea, Inc. (a software company serving and connecting major private banks, foundations and NPOs in philanthropy). He also serves as a board member of Newdea, as well as a board member of EDC, a stored value card company in the US; RediFone, a VOIP company with operations in the US and South America; and TIP Solutions, Inc., a smart phone application software company. He is an advisor at BB&R, a boutique investment banking firm in the US and also to MATIC (Moroccan American Trade and Investment Corporation). He has held a number of other consultant and advisory positions throughout his career, and has been very active in promoting Korean-US relations during the past decade. [REF]

Speedbuyer DD on Kim

-> Uncle of Yonghun Kim: James (Jong-Eun) Kim is President & CEO of LG Electronics Europe and was appointed to this position in Jan 2004. In this role, he provides strategic direction for all LG Electronics activities in the European Market. [Speedbuyer]
-> NEWDEA information is found at this link. [Speedbuyer]
-> MATIC related link. [Speedbuyer]
-> Graphene-Based Molecular Devices paper at this link. [Speedbuyer] (Is this the right person?)

Donald C. Bennett -- BOD Member

He brings more than 40 years' experience in the public markets including advising multiple public companies on their growth, expansion and marketing plans as they introduced various products to international markets; and David Shiflett, Vice President of Zillacomm Inc., President of Zillacomm Canada and Founding Director of Zillacom Energy Network, whose expertise in the telecommunications industry as well as the securities and technologies industries will prove invaluable as Action Products begins to build its business for the future. David Shiflett also serves on the board of advisors for Heart Transverter SA, E3 Greentech, Vizzeco and Email2. [REF]

Speedbuyer DD on Bennett

-> http://www.vizzeco.com/
-> http://www.e3greentech.org/
-> http://www.email2.com/
-> http://zillacomm.net