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 NEVADA USA REGISTERED subsidiary of American International Industries, Inc., makes a strategic investment in Las Vegas Premium Gold Products, Inc.

Houston / Kemah, Texas – November 1, 2007 American International Industries, Inc. (NasdaqCM: AMIN) Mr. Daniel Dror, Chairman and CEO of American International Industries, Inc., today announced that its wholly-owned Nevada USA registered subsidiary, Nestle Products Corporation, has made a strategic investment, acquiring 9.9% of Las Vegas Premium Gold Products, Inc., a private Nevada corporation ("LVPG"), in exchange for restricted shares of AMIN common stock and other financial consideration.  

LVPG, headquartered in Henderson, Nevada, has developed upscale consumer products, including the first "international" ultra-premium Tequila and Coffee Liquor, as well as five new gourmet salsas, marketed in a unique gift set under the Las Vegas Premium Gold brand name. LVPG Products has a strategic alliance agreement with manufacturers in Mexico for the exclusive production of LVPG’s products with a cross-over marketing strategy for world-wide distribution.

Mr. Dror stated, "It is our opinion that Las Vegas Premium Gold Products has developed a line of superior consumer products, with international appeal, ready to be marketed. Our Nestle Products subsidiary will arrange for a line of credit for working capital to help LVPG launch the marketing of these and other products. We believe that our equity investment in LVPG Products strengthens and diversifies our portfolio of companies and assets and will increase our shareholders’ equity."   

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 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.

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