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Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: sparky who wrote (4630)	2/12/2001 9:55:08 AM
From: Bucky Katt	Read Replies (2) \| Respond to of 48461

One of our long sleeping ratdogz came out today with 25% annual sales growth, and they even have a pe ratio again. "ORLANDO, Fla., Feb. 12 /PRNewswire/ -- Action Products International, Inc. (Nasdaq: APII - news) today reported record sales and its financial results for the fourth quarter and fiscal year ended December 31, 2000. The Company reported fourth quarter sales of $1,930,100, exceeding its 1999 fourth quarter by 34.4%. In addition, the Company had record annual sales of $7,764,300 - an increase of 24.4% over 1999 sales of $5,868,800. For the fiscal year ending December 31, 2000, the Company posted a net income of $95,300, $.05 per share, as compared to the 1999 net loss of $232,500 or $(.14) per share. The increase in profit is primary related to increasing revenues, expanding profit margin, from 44.2% to 48.6%, and the reduction of certain general and administrative costs. The Company reduced their 4th quarter net loss to $100,700, $(.05) per share, from a loss of $130,500, $(0.08) per share for the quarter ended December 31, 1999. Management attributes the 4th quarter loss to an increase in reserves in bad debt and other expenditures associated with product development, and marketing relating to the development and expansion of its brands and distribution. ``We are pleased with the expansion of the top line in 2000 of 24.4%. The continued expansion of product lines and addition of new customers contributed to the success of Action's sales growth. Substantially meeting our objectives of 25% top line growth and the return to profitability is especially gratifying. The Company's balance sheet maintains a strong position and our customer base and valuable brands are diverse and growing,'' said President & CEO, Ron Kaplan." As to your question on that bunch of stocks, at the moment I don't know, busy with other stuff now...