601 CIEN STREET, SUITE 235, KEMAH, TX 77565-3077
Tel: (281) 334-9479 Fax: (281) 334-9508

For immediate release

TO 30,000,000 OF ITS SHARES

Kemah, Texas - May 22, 2002 American International Industries, Inc. (OTCBB: EDII) announced today that its Board of Directors has authorized the Company, in its sole discretion, to purchase up to 30,000,000 shares of its common stock in the open market and in privately negotiated transactions (approximately 20% of all issued and outstanding shares of EDII).

John Stump, Chief Financial Officer stated "management believes that the recent price of its shares in the market is not reflective of the true underlying value of its shares and that the repurchase of shares by the company is in the best interest of it's stockholders."

American International Industries, Inc. is a holding company. The company has holdings in Industry, Finance, Real Estate in Houston Texas and surrounding areas, and owns an Oil & Gas royalties' interest. 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. EDII is continuing to work with management of the subsidiary companies to improve revenues, operations and profitability.

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.


     American International Industries Inc., Kemah
     Investor Relations: Rebekah Ruthstrom Tel: 281-334-9479 email: