AMERICAN INTERNATIONAL INDUSTRIES, INC.
(OTCBB: "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
ALAMEDA CORPORATION CONVERTS ITS 390,000 SHARES OF CONVERTIBLE PREFERRED STOCK OF American International Industries INTO 390,000 SHARES OF COMMON STOCK AT $10 PER SHARE
Kemah, Texas – July 11, 2005 American International Industries, Inc. (OTCBB: AMIN) Mr. Daniel Dror, Chairman and CEO, announced today that Alameda Corporation the holder of
390,000 shares of convertible preferred of AMIN have agreed to convert its preferred shares into common stock at $10 per share.
Mr. Truman Arnold, President of Alameda Corporation announced today that Alameda will become a consultant to AMIN in the oil and gas industry.
Mr. Gary Woerz, Chief Financial Officer of AMIN, stated, that "the company is pleased with its decision and vote of confidence of Alameda Corporation to convert their preferred shares to common shares of AMIN."
American International Industries, Inc. is a holding company. The Company has holdings in Industry, Oil and Gas Services, Finance, and Real Estate in Houston area. The vision of the Company is to acquire controlling interests in undervalued companies and assets in which it takes an active role to improve their growth and profitability, by providing its subsidiaries with access to capital, leveraging synergies and using AMIN’s management expertise. As a holding company, AMIN achieves economies of scale by consolidating administrative functions for each of its subsidiaries.
Private Securities Litigation Reform Act Safe Harbor Statement:
The matters discussed in this release contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, 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 acceptance of our products and services, continued growth in the energy sector, increased levels of competition, the dependence upon adequate financing, third party suppliers and the ability to hire and retain qualified management for its operating subsidiaries, and the regulatory environment in the segments in which we operate. 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 Tel: 281-334-9479 email: rruthstrom@americanii.com