Action Products International (APII) Announces New Firm to Provide Audit Services

December 8, 2008 5:03 PM EST

Action Products International (NASDAQ: APII) announced that the Audit Committee of its Board has selected Berman Hopkins, Wright & LaHam, CPAs and Associates, LLP to serve as its independent registered public accounting firm. Berman Hopkins replaces the company's previous independent registered accountants, Moore Stephens Lovelace, P.A.

"We want to thank Moore Stephens for its dedicated service over the past years," said Rob Burrows, APII chief financial officer. "Moore Stephens provided quality services, with no disagreements on accounting or disclosure issues. As part of management's ongoing efforts to control costs, quotes were solicited from competitive firms. After careful consideration, the Audit Committee concluded Berman Hopkins is able to provide quality services at a decreased cost in the future."

Action Products International is a global manufacturer and distributor of brand-focused consumer products with award winning brands in the educational toys and crafts product segment.
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