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

FOR IMMEDIATE RELEASE

Houston / Kemah, Texas – March 18, 2008 American International Industries, Inc. (NasdaqCM: AMIN) American International Industries, Inc. (the "Company"), reported record revenues of $34,938,526 for the twelve months ended December 31, 2007, compared to $33,408,554 in 2006, an increase of approximately 5%. Our increase in revenues was a result of the increased revenues generated by our Hammonds subsidiary to $10,096,538 for the year ended December 31, 2007, compared to $6,467,393 in 2006, representing an increase of $3,629,145, or 56%. Without any potential acquisitions, management projects that revenues for 2008 in excess of $45 million.

At December 31, 2007, the Company had total assets of $44,586,554 compared to total assets of $36,596,931 at December 31, 2006, representing an increase of $7,989,623 or approximately 22%. The increases were primarily attributable to an increase in trading securities of $6,086,127, an increase in real estate held for sale of $1,684,066, and an increase of $1,478,073 in property and equipment. Current assets increased by $10,213,226, or 45%, to $32,866,476 at December 31, 2007 compared to current assets of $22,653,250 at December 31, 2006. Current liabilities at December 31, 2007, were $5,076,104 compared to $5,028,047 at December 31, 2006. Working capital for the year ended December 31, 2007 increased by $10,165,169, or 58%, to $27,790,372, primarily as a result of the increase in trading securities. The increase in trading securities is primarily the result of our investments in OI Corporation (Nasdaq GM: OICO) and Rubicon Financial Incorporated (OTCBB: RBCF.OB). The market value of the trading securities for these two companies was $5,901,198 at December 31, 2007, or 87% of our portfolio of trading securities. Equity markets can experience significant volatility and therefore are subject to changes in value. Based upon the current volatile nature of the U.S. securities markets and the decline in the U.S. economy, it is possible, that the market values of our trading securities could fluctuate. During 2007, the Company purchased for investment a 174 acre tract of land in Waller County, Texas for $1,684,066. This property is listed for sale with a real estate broker.  The Company continues to own 287 undeveloped acres of waterfront property on Dickinson Bayou and Galveston Bay in Galveston County, Texas. The book value for this property is $225,000, based on its historic cost, and is under contract for sale at $16,000,000. Management believes that these two properties should be sold in 2008, which will substantially increase the Company’s cash and working capital positions.

The Company reported a net loss of $1,805,951 for the year ended December 31, 2007, compared to net income of $1,569,699 for the same period in 2006. The Company’s net loss for the year ended December 31, 2007, included non-cash expenses totaling $2,627,197, of which $856,834 are non-recurring, compared to non-cash expense of $2,351,126 in 2006. Additional non-recurring expenses for this same period were $635,000 for legal and professional fees, expenses related to investment funding of transactions and commissions, real estate consulting fees, and initial NASDAQ listing fees.

We had other income of $2,064,607 in 2007, compared to $5,259,388 in 2006. The primary reason for the other income in 2007 was due to net realized and unrealized gains on trading securities of $1,809,838, income from a Texas Emissions Reduction Plan (TERP) grant in the amount of $504,122, offset by a non-cash finance expense of $386,334 associated with Hammonds' issuance and sale of Series A, B and C Convertible Preferred Stock. The primary reason for the other income in 2006 was due to a $2,759,754 gain on the sale of a 106,000 square foot manufacturing and warehouse facility situated on 10 acres of land in the vicinity of the Bush International Airport in Houston, Texas to an unaffiliated third party. Additionally, other income in 2006 included the receipt of $750,000 as a partial settlement in litigation against Orion HealthCorp., Inc. (AMEX:ONH), f/k/a SurgiCare, Inc. and UHY Mann Frankfort Stein Lipp CPA's, LLP and $2,000,000 related to a settlement agreement for the Nixon, Texas Refinery.

Increasing demand for Hammonds Water Treatment products and Hammonds Technical Services’ transport mounted injection systems is driving the increase in revenues at our Hammonds subsidiary.  Hammonds Water Treatment revenues increased by $1,113,616, or 54%, and Hammonds Technical Services revenues increased by $2,608,935, or 82%. Carl Hammonds, Founder and President of Hammonds, stated that "Hammonds is very well-positioned to take advantage of increasing demand for Hammonds’ innovative products and experience unprecedented growth. The infusion of capital during the past 18 months has allowed us to invest in the infrastructure and machinery that will serve as a platform to increase Hammonds’ manufacturing capability." Hammonds’ backlog of orders was $3.7 million at December 31, 2007. This backlog, as well as the increasing acceptance of our existing products and prospects for introduction of our technology in new markets, has Hammonds on track for substantial revenue growth for 2008 and 2009. Recent fuel cost increases have resulted in increased demand for injector technologies to achieve fuel economies. Also, recent acceptance of our ODV® by The Boeing Company and the U.S. Army present the potential for significantly increasing demand for our materials handling and aircraft positioning equipment.

Our net loss of $1,805,951 for the year ended December 31, 2007, was primarily due to the net loss of $2,671,904 by our Hammonds subsidiary, primarily from the costs associated with the development and marketing of new Hammonds’ products, including its new line of Omni Directional Vehicles (ODV®). In addition, Hammonds’ net loss included non-cash expenses totaling $1,861,393, primarily stock based compensation issued to officers and key employees in the amount of $469,600, finance expense associated with the issuance and sale of Series A, B and C Convertible Preferred Stock of $386,334 and depreciation and amortization expense of $828,773, which includes $939,834 non-recurring expenses.

For the twelve months ended December 31, 2007, Northeastern Plastics, Inc. ("NPI"), our wholly-owned subsidiary, reported an increase in revenues of $255,265, or 2%, to $13,366,801. Two NPI customers changed the NPI product mix that they carry, resulting in a reduction in sales to those customers during 2007. The future impact of this reduction is being mitigated through replacement business with our other existing as well as new customers. Marc Fields, NPI’s President, stated that "NPI is in final negotiations with a major "big box" chain to distribute its Good Choice™ night light and wall tap products, and if successful, this should further increase revenues significantly in 2008". NPI's strategic plan for 2008 includes targeting three or more additional large accounts and reducing its dependence upon major customers by adding more mid-size accounts, which will reduce risk and substantially increase revenues and profitability.

Delta Seaboard Well Service, Inc. ("Delta"), our 51% owned subsidiary, reported revenues of $11,475,187 for the twelve months ended December 31, 2007, a decrease of $2,354,438, or 17%, over the same period in 2006. The decrease in revenues at Delta is primarily due to decreased pipe sales of $2,834,049, or 29%.  For the year ended December 31, 2007, pipe sales represented 60% of Delta's revenues, compared to 70% for the year ended December 31, 2006. Two of Delta's customers merged with other companies and temporarily slowed their drilling programs.  Also, due to a decline in the price of natural gas in the first half of 2007, other natural gas drilling programs were delayed.  The price of natural gas rebounded during the second half of 2007 and these drilling programs are being restarted.  Rig service revenues for the year ended December 31, 2007 increased by $479,611, or 12%, over the same period in 2006. Delta will activate a seventh well service rig during the second half 2008, and expects this rig will add a minimum of $75,000 in monthly revenues.

Mr. Daniel Dror, Chairman and CEO, stated "American International Industries, Inc. achieved several key milestones in 2007. Our shares of common stock began trading on the NASDAQ Capital Market on August 21, 2007. Our continuing strategy of providing financing and management expertise for our subsidiaries continues to enhance our financial position and improve shareholder value. Demand for Hammonds’ innovative products, such as its fuel injection systems and its ODV® line, is increasing significantly. With the investment in manufacturing assets, Hammonds is ideally positioned to meet this demand and enjoy improved profitability through better absorption of fixed costs over an increasing revenue base. New manufacturing processes and equipment should appreciably lower manufacturing costs."

American International Industries, Inc. is a growing diversified holding company with a business model emphasis on enhancing assets and stockholders’ equity to facilitate substantial future revenues and earnings per share. Ms. Sherry Couturier, Chief Financial Officer, stated "to that end, during the past five years, the Company has increased assets to $44,586,554 at December 31, 2007, or an increase of $33,419,405, or 299%, from $11,167,149 at December 31, 2002; the Company has increased stockholders’ equity to $27,093,668 at December 31, 2007, or an increase of $17,969,941, or 234%, from $8,123,727 at December 31, 2002."

Management believes that 2008 will be another record breaking year for the Company, with a substantial increase in revenues and in the Company’s cash and working capital positions as a result of the sale of the two properties mentioned above.

For more detailed information, please refer to our December 31, 2007 Form 10-K filing with the SEC on March 18, 2008.