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Microcap & Penny Stocks : American International Industries Inc. OTC BB Symbol EDII

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To: ColleenB who wrote (4797)11/24/1999 2:39:00 PM
From: Needticker  Read Replies (1) of 4814
 
E-mail response from John & Rebekah

Regarding the "Eligibility" deadline of 11/4/99, we were in the first group
www.otcbb.com, alphabetical - American International Industries, Inc.
(EDII). We have responded to all the SEC questions and comments timely.
We have filed and re-filed reports. Our Form 10-SB Amendment No.2 was
filed 11/1/99 with the SEC via EDGAR www.freeedgar.com. The SEC changed
their position on the treatment of acquisitions and required the
re-statement of certain assets and mandated significant adjustments to the
financials (specifically, real estate acquired from related parties to the
original cost in hands of the transferor). Prior treatment of acquisitions
were consistent with Generally Accepted Accounting Principals. EDII's
Accountants and Attorneys are working diligently amending 10-K and Q's (1st
and 2nd quarter 1999), 3rd quarter will follow. "EDII" on pinksheets as of
11/5/99, National Quotation Bureau www.nqb.com. Electronic quotes for
"EDII" are available at www.pcquotes.com , www.quotes.com , and
www.bloomberg.com.

John Stump, C.F.O.
Rebekah Ruthstrom, Secretary/Treasurer
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