Action Products plans to raise $10 million through financing agreement

Equity financing negotiated with investor AGS Capital Group, LLC

By Devika Patel

Knoxville, Tenn., May 10 - Action Products International, Inc. said it has negotiated a $10 million equity financing agreement with AGS Capital Group, LLC.

"AGS Capital Group, LLC, will finance Action Products International with an innovative, inexpensive and flexible financing strategy that places Action Products in control of how and when it raises equity, minimizing any potential dilution or disruption to its capital structure," AGS's chief executive officer Allen Silberstein said in a press release.

Based in New York, Action Products is the parent company of Core Wafer Systems, Inc., a provider of advanced test solutions for engineering and manufacturing, and North East Expedite Logistics, a transportation company.

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