AMERICAN INTERNATIONAL INDUSTRIES,
INC. (OTCBB: "AMIN")
601 CIEN STREET, SUITE 235, KEMAH, TX 77565-3077
Tel: (281) 334-9479 Fax: (281) 334-9508
INTERNATIONAL INDUSTRIES, INC. APPLYING FOR LISTING ON THE AMERICAN STOCK EXCHANGE
Kemah, Texas October 2, 2002 American International Industries, Inc. (OTCBB: AMIN) announced today that it is proceeding with its application to have its shares listed on the American Stock Exchange. The application follows approval by our shareholders of our share re-capitalization at our 2002 Annual Meeting of Shareholders held in June 2002. Chief Financial Officer and director, John W. Stump, III, stated that American International Industries satisfies the requirements for listing on the AMEX, including the pre-tax income level, the market value of shares in the public float, the market price for listing and the stockholders equity requirement. We intend to submit our listing application within the next ten days.
American International Industries, Inc. is a holding company. The Company has holdings in Industry, Real Estate in Houston Texas and surrounding areas, and owns an Oil & Gas royalties’ interest. The vision of the Company is in addition to internal growth, 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.
Investor Relations: Rebekah Ruthstrom Tel: 281-334-9479 email: email@example.com
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 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.