Kemah, Texas - February 6, 2001 American International Industries, Inc. (EDII) today announced that it has completed filing of all reports with the SEC under the Exchange Act and has received clearance from the SEC of all comments regarding the Exchange Act Reports of the Company. Daniel Dror, Chairman and CEO of EDII stated that "with the clearance by the SEC of all comments, EDII is again current under the Exchange Act requirements."
"We are immediately seeking authorization from the NASD to have EDII shares again quoted on the OTC: Bulletin Board."
American International Industries, Inc. is a rapidly growing holding company. The company has holdings in Industry, Finance, Real Estate, 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 economics 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, all ability to get re-listed on the OTCBB in a
timely fashion, 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.
Contact:
American International Industries Inc., Kemah
Investor
Relations: Rebekah Ruthstrom Tel: 281-334-9479 email: aiii@wt.net
email: aiii@wt.net