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

KEMAH, Texas--(BUSINESS WIRE)--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.

Delta Seaboard Well Service, Inc.

Delta’s well site services segment provides a broad range of products and services that are used by oil companies and independent oil and natural gas companies operating in Texas and Louisiana. Delta’s services include work-over services, plugging and abandonment and well completion and recompletion services. Delta was founded in 1958 and has its headquarters in Houston.

International American Technologies, Inc., a public entity traded on the Bulletin Board under the ticker symbol IMTG.

IMTG owns 100% of Hammonds Technical Services, Inc., Hammonds Fuel Additives, Inc. and Hammonds Water Treatment Systems, Inc. (Hammonds). Hammonds manufactures engineered products and chemicals that serve multiple segments of the fuels distribution, water treatment and utility vehicle industries. Hammonds was founded by Carl Hammonds in 1982. Headquartered in Houston, TX, Hammonds has long been synonymous with a quality line of fuel additives, fluid powered technology, fuel treatment products, hydrostatic testing equipment and water chlorination systems. Hammonds is the engineering and equipment side of the business. With the US Military as an early important customer, Hammonds has quickly developed a strong reputation as an innovator and leader in the manufacture of fluid powered additive injection systems. Through the years, Hammonds has continued to lead the way in technically innovative approaches to their business. www.hammondscos.com

Brenham Oil & Gas, Inc.

Brenham’s asset is an oil, gas and mineral royalty interest located in Washington County, Texas. The royalty interest is leased by Anadarko Petroleum Corporation for a term continuing until the covered minerals are no longer produced in paying quantities. Royalties on the covered minerals produced are paid to Brenham for oil and other liquid hydrocarbons, in which the royalty is one-sixth of such production, and for gas (including casing head gas), in which the royalty is one-sixth of the net proceeds realized by Anadarko on the sale thereof. In addition, Brenham is entitled to shut-in royalties of $1 per acre of land for every 90-day period within which one or more of the wells on the leased premises, or lands pooled therewith, are capable of producing in paying quantities. Brenham Oil & Gas is in the process of negotiating for the purchase of additional oil & gas properties.

In the third quarter and nine months ended September 30, 2006, the Company reported record revenues of $9,936,232 and $24,347,673, respectively, representing an increase of 9.8% and 35%, respectively, compared to the same periods of the prior year. The Company reported net income for the three-month period ended September 30, 2006 of $695,762 compared to $193,849 in the prior year. During the nine-month period ended September 30, 2006, the Company’s net loss decreased significantly to $156,214 from $1,821,042 the same period of 2005. The Company at September 30, 2006 had working capital of $13,010,390 compared to $7,929,567 at December 31, 2005, or an increase of 64%. Shareholders equity at September 30, 2006 was $20,274,735 compared to $12,898,939 at December 31, 2005, or an increase of 57%.

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 value of our real estate portfolio, the strength of the real estate market in Houston, Texas, as a whole, 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.