AMERICAN INTERNATIONAL INDUSTRIES, INC.

(NasdaqCM: "AMIN")

601 CIEN STREET, SUITE 235, KEMAH, TX 77565-3077

Tel: (281) 334-9479 Fax: (281) 334-9508

www.americanii.com email: amin@americanii.com

 

FOR IMMEDIATE RELEASE

 

Nestle Products Corporation, a wholly-owned subsidiary of

American International Industries, Inc.,

SIGNS CONTRACT TO sell 8 acres of land in Houston, TX

Houston / Kemah, Texas – February 3, 2010 Mr. Daniel Dror, Chairman and CEO of American International Industries, Inc. (NasdaqCM: AMIN), announced today that an earnest money contract has been entered into between Nestle Products Corporation ("Nestle"), a wholly-owned subsidiary of American International Industries, Inc., and REIT Partners, LP., the Buyer, pursuant to which a 8 acre tract of land on Airport Blvd. in Houston, TX, out of a larger 42 Acre Nestle-owned tract, is being sold to the Buyer for cash consideration of $450,000. The company received a non-refundable cash deposit. The Buyer is purchasing the property in order to develop a multifamily apartment complex.

American International Industries, Inc. is a diversified holding company, with a business model similar to General Electric, Tyco International, and Berkshire Hathaway. The Company has holdings in Industry, Finance, and Real Estate in Houston Texas and surrounding areas, and Oil & Gas. The vision of the Company is to develop holdings in various industries through acquisition of existing companies, applying the financial resources and management expertise to foster the growth and profitability of the acquired businesses. The holding company serves as a financial and professional partner to the management of the subsidiaries. The role of the holding company is to improve each subsidiary’s access to capital, achieve economies of scale by consolidating administrative functions, and utilize the financial and management expertise of corporate personnel across all units. The Company is continuing to work with management of the subsidiary companies to improve revenues, operations and profitability.

Private Securities Litigation Reform Act Safe Harbor Statement:

The matters discussed in this release contain forward-looking statements that involve risks and uncertainties. All statements other than statements of historical information provided herein may be deemed to be forward-looking statements. Without limiting the foregoing, the words "believes", "anticipates", "plans", "expects" and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those that we may anticipate in each of our segments reflected by our subsidiaries' operations include without limitations, continued value of our real estate portfolio, the strength of the real estate market in Houston, Texas as a whole, continued acceptance of the Company's products and services, increased levels of competition, new products and technology changes, the dependence upon financing, third party suppliers and intellectual property rights, the rules of regulatory authorities and risks associated with any potential acquisitions. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis, judgment, belief or expectation only as of the date hereof.

Investor Relations: Rebekah Ruthstrom at Tel: 281-334-9479 or email: amin@americanii.com