601 CIEN STREET, SUITE 235, KEMAH, TX 77565-3077

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Kemah, Texas – November 19, 2003 American International Industries, Inc. (OTCBB: AMIN) Mr. Daniel Dror, Chairman and CEO, announces the closing of the acquisition of Delta Seaboard Well Service, Inc. (“Delta”), drilling services and seller of pipe to the energy sector. Additionally, Delta is participating with Yuma Petroleum, Inc. in a drilling and exploration program for oil and gas in Louisiana. The acquisition of Delta resulted in an increase in total assets of $11,540,630 to $22,707,779 at September 30, 2003, or an increase of over 103% from the December 31, 2002 balance. The Company’s book value increased from $8,127,938 at the end of the second quarter to $13,388,709, or an increase of over 64%, or $6.42 per share, due to the Delta acquisition.


Mr. Gary Woerz, the new Chief Financial Officer for the Company, stated “the acquisition of Delta should add $10,000,000 to $15,000,000 in additional annual revenues to the Company, and Delta’s revenues will be reflected in our 4th quarter and year end results.”


The Company reported a consolidated net loss of $424,958 for the three-month period ended September 30, 2003, compared to net loss of $107,349 for the comparable period of the prior year.  The increase in net loss was primarily due to non-cash compensation related to the issuance of stock. Northeastern Plastics, Inc. (“NPI”), one of the Company’s wholly-owned operating subsidiaries, had a loss of approximately $100,000 during the third quarter. Due to the nature of NPI’s distribution business, most of its annual revenues are accounted for during the 4th quarter and therefore NPI is expected to report net income for the year ending December 31, 2003.


The Company is proud to announce that Mr. Gary D. Woerz, previously the Assistant Chief Financial Officer, has now been appointed by the Board of Directors as the new Chief Financial Officer of the Company. Mr. Woerz was very instrumental in the coordination and completion of the Delta acquisition. Mr. John W. Stump, III resigned his position as Chief Financial Officer; however Mr. Stump will continue to serve American International Industries, Inc. as a member of the Board of Directors.


American International Industries, Inc. is a 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 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: