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Microcap & Penny Stocks : All American Semiconductor (semi)
SEMI 30.82-2.5%Feb 3 4:00 PM EST

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To: rita labella who wrote (693)5/15/1998 10:33:00 AM
From: DEER HUNTER   of 952
 
Friday May 15, 9:57 am Eastern Time

Company Press Release

All American Semiconductor Announces Opening of a New Sales Office in Kansas

MIAMI--(BUSINESS WIRE)--May 15, 1998--All American Semiconductor, Inc. (The Nasdaq Stock Market:SEMI), a leading national distributor of electronic components, today announced the opening of a new sales office in Overland Park, Kansas. Joining All American to run this new office is Ron Lambert who will be the General Manager. Mr. Lambert has over 25 years of distribution experience in Kansas City and the surrounding marketplaces.

Commenting on the new office, Bruce M. Goldberg, President and Chief Executive Officer of All American, stated, ''In order to increase our support to the valued customers of the Kansas City and surrounding tri-state area, and to further promote the products of our quality suppliers, we have opened this office with a group of talented industry veterans. We are particularly excited to have someone of Mr. Lambert's background to head up this group and to expand All American's market presence.''

All American has recently moved up in the rankings and is now recognized as the nation's 7th largest distributor of semiconductors and the 14th largest electronic components distributor overall. The Company has offices in 30 strategic locations throughout North America, including All American's ISO certified distribution and programming center in Fremont, California.
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Contact:

Bruce M. Goldberg, CEO
Howard L. Flanders, CFO
305/621-8282 x1417
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