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/ CORRECTION - APC Group, Inc. Announces Sale of 55 MedReels to the Cleveland Clinic Foundation(June 04, 2012)
PHOENIX, AZ -- (Marketwire) -- 06/04/12 -- In the news release, "APC Group, Inc. Announces Sale of 55 MedReels to the Cleveland Clinic Foundation," issued earlier today by APC Group (PINKSHEETS: APCU), we are advised by the company that the first paragraph now contains the phrase "at a cost of $26,000." Complete corrected text follows.
APC Group, Inc. Announces Sale of 55 MedReels to the Cleveland Clinic Foundation
PHOENIX, AZ -- June 4, 2012 -- APC Group, Inc (PINKSHEETS: APCU) reported today the sale of 55 MedReels at a cost of $26,000 to the Cleveland Clinic Foundation in Cleveland, Ohio.
Ken Forster, CEO of APC Group, stated, "I am pleased that the Cleveland Clinic has purchased APC's products for their clinic. We manufacture the MedReels in Bedford Heights, Ohio, a suburb of Cleveland, making this a win-win situation."
APC Group manufactures and distributes the Arctic Leash watertight retractable extension cord reel, the MedReel® and a proprietary line of all weather, indoor/outdoor extension cords under the brand name Arctic Leash for home and industrial use. APC Group's flagship products are the hospital-grade MedReel, used in hospital operating theaters, patient rooms and medical carts throughout the world; and the Arctic Leash, used in providing watertight retractable power for any climate anywhere in the world.
APC Group's mission is to be the undisputed leader in the innovative design, marketing, sales and distribution of watertight retractable power cord reels and proprietary extension cord products and accessories. The company markets and distributes products through media attention, conventional advertising, independent sales representatives, distributors, Web sites, and mass retail department stores and chains throughout the United States and Canada.
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This press release contains or may contain forward-looking statements such as statements regarding APC Group's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which APC Group operates which could have a material effect on APC Group's current business model. The news segments may contain information that may not be current and information that may have been forward- looking at the time and subsequently may not have come to fruition. The forward-looking statements contained in this press release and the statements contained in the news segments are also subject to other risks and uncertainties, including those more fully described in APC Group's filings with the SEC. APC assumes no obligation to update these forward-looking statements or the statements in the news segments to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.
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