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
AMERICAN INTERNATIONAL INDUSTRIES, INC.
ANNOUNCES AWARD OF CERTIFICATION
FROM THE AMERICAN PETROLEUM INSTITUTE
TO ITS WHOLLY-OWNED SUBSIDIARY, SHUMATE ENERGY TECHNOLOGIES, INC.
Houston / Kemah, Texas – December 4, 2009 Mr. Daniel Dror, Chairman and CEO of American International Industries, Inc. (NasdaqCM: AMIN), today announced that Shumate Energy Technologies, Inc. ("SET"), its wholly-owned subsidiary, was awarded a certification from the American Petroleum Institute (API) for advanced quality systems for the license to produce and monogram threaded products to API Spec 5CT, the specification for casing and tubing. Larry Shumate, president of SET, stated that "this certification will significantly expand our customer base and product lines for SET." In addition to this certification, SET is certified and operates their facility to the following quality standards:
ISO 9001:2000 – Quality Management Systems
ISO/TS 29001 – Quality Management Standard dedicated to the oil and natural gas industry
API Q1 – Specification for Quality Programs
API Spec 7-1 – Rotary Drilling Equipment
Larry Shumate further stated that "there are only a half dozen such facilities in the State of Texas certified to perform these API services in addition to offering complex machining. Expanding our capabilities to include API Spec 5CT will thrust SET into markets in which we were previously unable to operate. This license will also allow us to develop and manufacture our own product line and compete in the tubing and casing accessory business related to the drilling and production of oil and natural gas."
Shumate Energy Technologies, Inc., which operates out of a 30,000 square foot manufacturing facility located in Conroe, Texas, manufactures highly specialized equipment for energy industry customers, producing complex assemblies, including expandable tubing technology products that are used in field service operations for oil and gas exploration under extreme environmental conditions. SET manufactures large-diameter products and close tolerance machined parts that range up to thirty-four feet in length using state of the art, large part CNC equipment. To view SET’s products and for additional information about the company, please visit SET’s website at www.shumateenergytechnologies.com.
About American International Industries, Inc.
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