Kemah, Texas - March 21, 2001
American International Industries, Inc. (EDII) today announced that it has previously
completed filing of all reports with the SEC under the Exchange Act and has
received notice from the SEC that they have no further comments regarding the
Exchange Act Reports of the Company. Daniel Dror, Chairman and CEO of EDII stated
that "EDII is current under the Exchange Act requirements and has now been
approved by 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.
Contact:
American International Industries Inc., Kemah
Investor
Relations: Rebekah Ruthstrom Tel: 281-334-9479 email: aiii@wt.net
email: aiii@wt.net