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ActionView International, Inc. Provides Update on Meetings Related to Jim Palmer Trucking Bankruptcy

SOURCE:

ActionView Intrnational, Inc.

2008-08-11 12:49:00

ActionView International, Inc. Provides Update on Meetings Related to Jim Palmer Trucking Bankruptcy

ActionView International, Inc. Provides Update on Meetings Related to Jim Palmer Trucking Bankruptcy

Company Appointed to Chair Unsecured Creditors Committee

VANCOUVER, BC–(EMWNews – August 11, 2008) – ActionView International, Inc. (OTCBB: AVWI)

today provided an update on creditors meetings that were held in regard to

the Chapter 11 bankruptcy case of Jim Palmer Trucking, Inc. At the

meetings held on August 8, 2008 and attended by ActionView International’s

legal counsel, ActionView was appointed chairman of the unsecured creditors

committee due to its position as a significant creditor in the case.

As part of an anticipated acquisition, ActionView International provided a

loan to Jim Palmer Trucking, Inc. in the amount of $250,000 on May 5, 2008.

Several weeks later, Jim Palmer Trucking and two related equipment

companies filed for Chapter 11 bankruptcy protection.

ActionView International management has expressed several issues of concern

related to the bankruptcy filing, including its close proximity in time to

Jim Palmer Trucking’s acceptance of the loan from ActionView International.

“We are very pleased with the outcome of the meetings held on August 8th,

particularly ActionView’s position as chairman of the unsecured creditors

committee,” stated Steven R. Peacock, CEO of the company. “This position

will provide the company a voice in the progress of the bankruptcy case and

allows us the ability to obtain and receive all pertinent financial

information and other records relating to the case. Our primary concern

is the protection of the company’s interests, and we will continue to

provide updates on this matter whenever possible.”

ActionView International recently announced that it is completing its

initial due diligence on new acquisition candidates and expects to enter

into a preliminary agreement with one company within the next several days.

Management’s focus has been to identify the acquisition candidate that

possesses the best possible long-term value for the company’s shareholders.

About ActionView International, Inc.

ActionView International’s operating subsidiary custom-designs, develops,

and manufactures vividly illuminated motion billboards. ActionView places

its signs into high traffic locations and markets advertising space on the

signs. ActionView shares advertising revenue generated from the billboards

with advertising agencies, the local business partner and the location

owner. The benefit to advertisers is exposure in high traffic locations at

reasonable costs due to the scrolling feature and multiple advertisers. For

additional information about ActionView, please visit the company’s website

at www.actionviewinternational.com.

Forward-Looking Statements

This release contains ‘forward-looking statements’ within the meaning of

the Securities Exchange Act of 1934. Any statements that express or involve

discussions with respect to predictions, expectations, beliefs, plans,

projections, objectives, goals, assumptions or future events or performance

are not statements of historical fact and may be ‘forward-looking

statements.’ Forward-looking statements are based on expectations,

estimates and projections at the time the statements are made that involve

a number of risks and uncertainties which could cause actual results or

events to differ materially from those presently anticipated.

Contact:
Gemini Financial Communications
A. Beyer
951-677-8073

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Blake Masterson

Freelance Writer, Journalist and Father of 5

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