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
AMERICAN INTERNATIONAL INDUSTRIES, INC. plans to expand into
water purification and desalination business
Houston / Kemah, Texas – November 6, 2009 American International Industries, Inc. (NasdaqCM: AMIN) Chairman and CEO, Mr. Daniel Dror, announced that AMIN is aggressively studying new potential business opportunities through mergers, acquisitions and/or investments to expand and diversify its present business segments and increase profitably. This growth and expansion plan will have as its priority, new, next generation businesses and technologies.
AMIN will utilize its experience, capital, contacts and market strength to identify potential opportunities in critical service and supply industries. The top two worldwide industries are in the energy sector, specifically petroleum and electricity, while the third largest industry worldwide deals with the supply of potable water to mankind. Water is critical to the survival of humanity and worldwide shortages may become more severe in the coming decades. As Global Warming causes adverse climate changes and current natural supplies of potable water are depleted in the USA and many other areas of the globe, millions of people and animals run the risk of dehydration and possible death, if alternative solutions are not developed. Agricultural farmlands may potentially become unproductive and barren if water is not available.
Current water purification, desalination and recovery technologies will become more important as world leaders plan to avoid catastrophic water shortages in the near future. AMIN has identified several companies that can provide economic, efficient, scalable solutions to the potable water shortages, and has commenced discussions and negotiations about potential merger, acquisition and/or investment.
AMIN expects to aggressively complete negotiations with the new entities and expects to announce the results within the upcoming days and weeks.
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 at Tel: 281-334-9479 or email: amin@americanii.com