Action Industries Inc

(OTC: ACTN)

Industry: Specialty Finance
On the web: n/a
Employees: 2

Action Industries, Inc. was incorporated as a Georgia corporation in December 4, 1995. The Company is a provider of prepaid telecommunications products and services in North America. It purchases long distance minutes from the owners of a prepaid phone card switching platform and then they sells the minutes to consumers who are authorized to access the network and its features for the number of minutes purchased. The Company currently purchases its long distance calling cards and related long distance minutes from Best Telecom, Inc., and expects to continue to purchase the cards from that company. The Company offers convenient, easy-to-use and cost effective telecommunications solutions to individuals and small businesses mainly through the Action Industries phone card. These cards are marketed under the brand name ‘Talk the Talk'. Talk the Talk is a brand name developed by the Company. The Talk the Talk card provides consumers with a single point of access to prepaid telecommunications services and a fixed rate charge per minute regardless of the time of day or, in the case of domestic calls, the distance of the call. The Company's services include domestic calling, international long distance calling, as well as enhanced features, such as speed dial, message delivery, sequential calling, conference calling, content delivery, and voice and fax mailboxes. The Talk the Talk card might be recharged with a major credit card by phone or, in select retail locations, at the point of sale, allowing the user to add minutes as needed. The Company's marketing and distribution focus is focused on individuals in small businesses through local, regional and national retailers, including convenience stores, drug stores, supermarkets, food warehouse clubs, check cashing stores, gas stations, and discount stores. The Company markets it services through vending machines that dispense the long distance calling card. These machines accept monies and dispense cards in the proper denomination. These services are promoted by signs and stickers attached to the machine. The Company competes with AT&T, MCI/WorldCom and Sprint. Its prepaid long distance business is subject to the rules and regulations of a number of federal, state and local regulatory agencies.