AMERICAN INTERNATIONAL INDUSTRIES,
INC. (OTCBB: "AMIN")
601 CIEN STREET, SUITE 235, KEMAH, TX 77565-3077
Tel: (281) 334-9479 Fax: (281) 334-9508
AMERICAN INTERNATIONAL INDUSTRIES, INC.
APPOINTS NEW DIRECTOR TO THE COMPANY’S BOARD
Kemah, Texas November 22, 2002 American International Industries, Inc. (OTCBB: AMIN) announced today that its Board of Directors have appointed a new Director, Thomas J. Craft, Jr.
Mr. Craft, an attorney, specializes in federal securities laws, and also mergers and acquisitions. Mr. Craft has been practicing securities law in Florida, and with an office in New York City. Mr. Craft brings to AMIN a vast experience in the securities field as well as the market place in general, which will greatly benefit AMIN and its shareholders. Mr. Craft serves on the board of directors of several public companies. AMIN has filed an application for listing its shares on the American Stock Exchange. Mr. Craft would be serving in a professional capacity, which complies, with AMEX listing requirements. All of the directors voted for the appointment of Mr. Craft to the board of the Company. The present board of directors is as follows; Daniel Dror, Chairman of the Board and C.E.O., John W. Stump III, C.F.O. and Director, Charles R. Zeller, Director, Herbert Shapiro Jr., Director and Thomas J. Craft Jr., Director.
American International Industries, Inc. is a growing holding company. The company has holdings in Industry, Finance, 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 subsidiarys 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: firstname.lastname@example.org
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.