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.comFOR IMMEDIATE RELEASE
AMERICAN INTERNATIONAL INDUSTRIES, INC.
ANNOUNCES JUNE 16, 2010 RECORD DATE FOR SPECIAL STOCK DIVIDEND
OF COMMON STOCK OF ITS SUBSIDIARY, BRENHAM OIL & GAS CORP.
Houston / Kemah, Texas – June 7, 2010 American International Industries, Inc. (NasdaqCM "AMIN")
Mr. Daniel Dror, Chairman and CEO, announced today that the board of directors of American International Industries, Inc. has declared a special dividend of shares of common stock of its subsidiary, Brenham Oil & Gas, Inc. (BOG) to AMIN shareholders of record on June 16, 2010 ("Record Date"). AMIN shareholders will be issued one share of BOG common stock for each share of AMIN common stock owned and held on the Record Date. The BOG shares distributed to AMIN shareholders will represent approximately 10% of all shares outstanding of BOG after the distribution.BOG is currently preparing a registration statement on Form S-1 in order to register and permit the resale of the BOG shares being distributed to AMIN’s non-affiliated shareholders. The Company’s transfer agent, Registrar and Transfer Co., of Cranford, NJ, has informed the Company that it expects that the BOG shares will be distributed to AMIN shareholders on or about June 30, 2010. Once the registration statement is declared effective by the SEC, AMIN’s non-affiliated shareholders will have registered free-trading shares. BOG will then be a separate publicly-traded company. This special dividend is considered a property dividend and not a stock dividend.
"The business plan of Brenham Oil & Gas is to acquire a diversified portfolio of petroleum exploration, development and production assets in the United States and internationally," said Scott Gaille, President. "The Company's business development activity initially will be focused on exploration concessions located offshore Africa."
For more information, please visit our website at
www.brenhamoil.com or request information via email to info@brenhamoil.comAmerican 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.
Forward-Looking Statements:
The matters discussed in this release contain forward-looking statements 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 our products and services, continued growth in the energy sector, increased levels of competition, the dependence upon adequate financing, third party suppliers and the ability to hire and retain qualified management for its operating subsidiaries, and the regulatory environment in the segments in which we operate. 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