Business Services Industry

American International Industries, Inc. Retains Porter, LeVay & Rose, Inc. as Investor Relations Counsel

Business Wire, Jan 12, 2007

KEMAH, Texas -- American International Industries, Inc., a holding company with interests in finance, manufacturing, real estate and energy (OTCBB:AMIN), announced today that it has retained Porter, LeVay & Rose as its investor relations and financial communications agency.

Porter, LeVay & Rose, is a full-service investor relations firm based in New York City with 34 years' experience representing a variety of public and private companies and financial institutions in the US and abroad.

Daniel Dror, Chairman and CEO of AMIN, said, "We are very pleased to have a firm of PLR's experience and reputation working to help us communicate our investment story and business plan to the investment community. We look forward to much closer contact with investors, analysts and financial media. Our foremost goal is to keep the market up-to-date on our numerous activities across a wide range of industries, a challenging agenda that we are confident PLR can achieve."

About American International Industries, Inc.

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.

Michael Porter, President of Porter, LeVay & Rose, Inc., said, "AMIN is an exciting diversified holding company with cash and liquidity position in excess of $12,000,000 available for new acquisitions, undervalued assets and with its fingers in many pies. Each of its subsidiaries is a strong participant in its specific market, and the combined management strengths make this a stock to watch. The parent Company, AMIN, acts as a professional and financial partner to improve and expand its subsidiary's access to capital, market share and revenues. The company's business strategy is based on two distinct concepts: control combined with active management assistance and financial partnerships. Over the years, Dan and his people have seized opportunities where they have found them and have put together a profitable operation that retains its flexibility and capacity to capitalize on new possibilities."

Currently, AMIN is composed of Northeastern Plastics, Inc., Delta Seaboard Well Service, Inc., International American Technologies, Inc., Brenham Oil & Gas, Inc., and valuable Real Estate Properties with market values in excess of book values. The company recently announced the sale of the property at 910 Rankin Road, Houston, Texas for a cash consideration of $5.45 million, representing a $3.0 million net profit. The property is a 106,000 square foot manufacturing and warehouse facility situated on 10 acres of land in the vicinity of the Bush International Airport in Houston, Texas. Further, the Company is in the process of selling it's approximately 300,000 acres of waterfront property in Galveston County, Texas for a consideration of $16,000,000. The Company hopes to close this transaction some time this year.

Porter added, "AMIN is active in these sectors of the economy because it believes in the growth potential of each market and of its subsidiary in that field. As the world's largest energy market, the United States represents more than 25% of the world consumption of petroleum, coal and nuclear energy, while consistently ranking first or second globally in these energy sources production. The State of Texas, home to AMIN's subsidiary Brenham Oil and Gas, Inc., produces 16% of the United States current domestic output each year, leading over all other states.

Porter concluded, "The Houston commercial real estate market continued its recent gains, spurred by a local economic growth that is twice the national average. Occupancy in Houston's multifamily sector is 93% and Houston's retail sector hit its strongest level in over a decade at 89%, representing gains across all real estate segments. Historically, AMIN's real estate investments in this market have been profitable, and the Company will continue such investments in the future."

AMIN's subsidiaries are:

Northeastern Plastics, Inc.

NPI is a supplier of products to retailers and wholesalers in the automotive aftermarket and in the consumer durable electrical products markets. NPI's products in the automotive aftermarket include a variety of booster cables sold under the brand names "Mechanix Choice" and "Bitty Booster Cable." Also marketed under the brand name "Mechanix Choice" are portable hand lamps, cord sets, a variety of battery testers, battery repair kits and miscellaneous battery accessories. NPI acquired the rights to market certain of its products under the name MOTOR TREND(TM) during 2004. As a result of the MOTOR TREND(TM) marketing agreement and NPI's enhanced product lines, NPI's revenues increased substantially in 2006 and should continue to increase during fiscal 2007. NPI was granted the license to use the Good Housekeeping Seal of Approval(TM) on certain of its electrical products and believes that this license shall also continue to increase NPI's revenues during 2007.

 

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