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Kemah, Texas Ė November 11, 2004 American International Industries, Inc. (OTCBB: AMIN) today announced third quarter 2004 results of operations. During the third quarter revenues increased by 200% to $6,359,534 compared to $2,135,390 for the same period of 2003. Third quarter net income was $1,907,847, or $0.68 per share, with a profit margin of 31%, compared to a net loss of $424,958, or ($0.19) per share, for the same period of 2003. For the nine months ended September 30, 2004, AMINís revenues increased by 218%, to $12,747,916 compared to $4,010,008 for the nine-month period of 2003, and AMIN reported net income of $1,459,402 compared to a net loss of $918,817 for the nine-month period of 2003.

At September 30, 2004, our total assets were $26,132,033, an increase of over 27%, compared to $20,537,605 at December 31, 2003, and shareholderís equity increased by over 20% to $16,236,571 at September 30, 2004, compared to $13,386,296 at year end 2003.

Our subsidiary, Northeastern Plastics, Inc. (NPI), reported an increase in revenues for the three months ended September 30, 2004 by 100% to $4,513,328 compared to $2,261,280 for the same period of 2003. NPIís net income for the 3rd quarter of 2004 was $549,242 compared to $13,233 for the same period of 2003. NPI expects a substantial increase in revenues and net income during the fiscal year 2005, from the recently announced licensing agreement for use of the "Motor Trend" trade name for NPIís automotive after-market products.

Our oil and gas subsidiary, Delta Seaboard Well Service, Inc., which we acquired on September 30, 2003, reported revenues of $1,826,848 in the third quarter of 2004 and $6,187,726 for the nine-month period. Deltaís three month and nine month net income was $176,930 and $667,777, respectively.

During the third quarter AMIN closed a transaction with SurgiCare, Inc. and together with a related transaction, recorded a gain of $1,800,000.

Mr. Daniel Dror, AMINís Chairman and C.E.O., stated that he "expects the results of operations from AMINís subsidiaries, NPI and Delta will improve even further in the last quarter of the year and will continue to improve during fiscal 2005 based upon the current business environment, especially in the energy sector."

American International Industries, Inc. is a growing diversified holding company with interest in Industry, Finance, Real Estate and Oil & Gas. AMIN intends to pursue potential acquisitions using its financial resources and management to grow acquired businesses, improve access to capital and achieve economies of scale, in order to improve revenues, operations and profitability. Periodically, as opportunities are presented, we may sell assets or subsidiaries in order to bring value to the holding company and our shareholders.


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 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 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: