NEW YORK, NY — (Marketwire) — 09/19/11 — Action Products International, Inc. (PINKSHEETS: APII) has signed a three-year consulting agreement with UTC Associates, a leading solutions-based network and systems integrator, to support business acquisitions, provide technology to enable expansion, and to provide managed services for the company-s operations.
“UTC Associates was selected to provide technology services to Action Products. Our company growth model requires that we utilize a network of partner companies that can deliver technology services around the globe. UTC has shown that they have the ability to respond quickly and assist in global growth, which is very critical to us. I am impressed by their dedication, support solutions, and technology acumen,” said Action Products- CEO Gary Polistena.
UTC has a Network Operations Center in New York City that is supported by its backup center located in Bangladesh. UTC provides tier 1/2/3 support, professional services, project managers, problem resolution, and proactive monitoring for voip, wireless, and video services and has practices in telecommunications, information technology and network management that focus on all key aspects of complex network planning, design, testing, implementation and support. UTC provides services to both large and small customers, including Fortune 1000 firms across many different industry sectors.
Said UTC-s CEO, Aziz Ahmad, “UTC provides a dedicated team that is focused on keeping our customer-s network up and running. We treat our customer-s network as if it was our own. We want our customer to focus on their core expertise while UTC is focused on making sure that their IT resources and data network is always operational. In the case of Action Products, I believe we will enable the company to focus on their core business related to cloud technology and acquisitions, especially as their customers move toward cloud-based services across the globe. This is a very exciting time to be working with the company and I look forward to a long and beneficial relationship.”
Action Products International, Inc. (PINKSHEETS: APII) is seeking to acquire or merge with companies with growth opportunity within the cloud services computing vertical. The company-s business model is to bring together companies that deliver technology and services in applications, software, social media and infrastructure as a service.
Safe Harbor Statement
This press release contains forward-looking statements. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company-s current plans and expectations, as well as its future results of operations and financial condition. Such risks include, but are not limited to, the effects of competition with existing enterprises and/or new entrants into the company-s markets and industries, fluctuations in currency exchange rates, domestic and global economic conditions generally, the company-s ability to obtain financing and attract suitable personnel where required to fully implement its business plan, the adoption and acceptance by the marketplace of the company-s technologies and product and service offerings, the possibility of new technologies that are competitive with the company-s planned product and service offerings and the effects of future political and economic developments both in the United States and abroad, among others. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of information, future events or otherwise.
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