Posts Tagged ‘Action Products’
|This post was written by Elizabeth A. Reid
The Toy Book’s Toy Report 12/07/09
Monday, December 14th, 2009
Catch up on last week’s news! Read The Toy Book Toy Report for 12/07/09.
To view click here.
Tags: Action Products, Aurora World, Bandai, Black Friday, Bobby Jack, CPLG, Cyber Monday, F.A.B./Starpoint, Guinness World Records, Hasbro, Haywire, JAKKS, Jim Henson, JPMA, MGA, PlayStation, Pocoyo, Sesame Street, Targe Entertainment Group, Taylor Swift, Ty, Zhu Zhu Pets
Posted in Articles, Financial, Licenses, New Products, News, Newsletters, People | No Comments »
This post was written by Elizabeth A. Reid
Action Products International Liquidates Toy Business
Monday, December 7th, 2009
Warren Kaplan, principal restructuring officer of Action Products International, Inc. has announced that the company is going to liquidate its failing toy business and “seek a new venture.” In a press release Kaplan explained that the company has experienced enormous financial problems that included falling sales, sales representatives that were not paid commission, phone bills that were not paid, as well as the sudden resignations of the CFO/COO and CEO/chairman. The company has a tax loss in excess of $11.5 million. Kaplan says in order to salvage the company’s value for shareholders, management will seek a new venture.
Tags: Action Products
Posted in News | No Comments »
