AMERICAN INTERNATIONAL INDUSTRIES, INC.
(OTCBB: "AMIN")
601 CIEN STREET, SUITE 235, KEMAH, TX 77565-3077
Tel: (281) 334-9479 Fax: (281) 334-9508
www.americanii.com. - email: amin@americanii.com
FOR IMMEDIATE RELEASE
AMERICAN INTERNATIONAL INDUSTRIES, INC.
FILES ITS FORM 10-KSB
Kemah, Texas – May 16, 2006 American International Industries, Inc. (OTCBB: AMIN)
The Company’s Chief Financial Officer, Mr. Gary Woerz, today announced the filing of the Company’s Form 10-KSB for 2005 and, as a result, the Company is now in compliance with this Exchange Act reporting obligation. The Company filed for a 5-day extension for the filing of the Form 10-QSB for the first quarter ended March 31, 2006, the Company expects to file this report within the 5-day period, at which time the Company will be fully current under the Exchange Act.
The Company’s filing delays were primarily due to the engagement of new auditors for the year ended December 31, 2005, and the adjustments that were made in connection with the April 2005 acquisition of Hammonds Technical Services, Inc., a 51% owned subsidiary of International American Technologies, Inc. (PK: IMTG), which is a subsidiary of American International Industries, Inc.
American International Industries, Inc. is a holding company with operating subsidiaries in an industrial/commercial segment and an oil and gas segment. The Company also has real estate acquired for resale. The company’s holdings are in Houston, TX and surrounding areas. The vision of the Company is to develop holdings in various industries through acquisition of existing companies, applying its financial resources and management expertise, to foster the growth and profitability of its subsidiaries’ businesses. The holding company serves as a financial and professional partner to the management its 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 each of its the subsidiary companies to improve revenues, operations and profitability.
Investor Relations: Rebekah Ruthstrom Tel: 281-334-9479 email: amin@americanii.com