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AMIN News International American Technologies, Inc. Receives Funding for Working Capital of $1,500,000 and New Developments at Hammonds Technical Services, Inc.

Mr. Gary Woerz, President and Chief Financial Officer of IMTG, announced that International American Technologies, Inc. (the "Company"), a subsidiary of American International Industries, Inc. (OTCBB:AMIN), has entered into an agreement with Vision Opportunity Master Fund, Ltd. (VOMF) to initially provide up to $1,500,000 of working capital for the company's operating subsidiary Hammonds Technical Services, Inc. ("Hammonds"). The initial $1,000,000 in cash was funded on Thursday, August 10, 2006 and the Company believes the additional $500,000 will be funded within the next ten days. The working capital will allow Hammonds to procure the necessary inventory, capital, and equipment for its current backlog orders of ODV's, Injectors and Water Purification Equipment. The infusion of capital at this time will allow Hammonds to exceed our revenue expectations for the year ending 2006.

Mr. Woerz announced that with the closing and funding of the transaction with VOMF, Mr. Carl Hammonds, President of Hammonds, has agreed to exchange his 49% share ownership of Hammonds into restricted common stock of IMTG and become the Company's President. The Company is therefore, now the 100% owner of Hammonds and its subsidiaries. The exchange of shares by Mr. Hammonds shows the confidence we all have in the ability of Hammonds to increase the production and sale of its products and deliver on our expectations in regards to revenues and profits.

For additional information regarding the financing, please refer to our most recent 8K.

Private Securities Litigation Reform Act Safe Harbor Statement:

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 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 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.