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Microcap & Penny Stocks : American International Industries Inc. OTC BB Symbol EDII -- Ignore unavailable to you. Want to Upgrade?


To: gerard mangiardi who wrote (594)7/13/1998 10:02:00 AM
From: ColleenB  Read Replies (1) | Respond to of 4814
 
Gerard,

I too feel the same....and if I might add some information to substantiate my feeling...

Intile is debt free. It is in the process of acquiring a large Florida importer, which when completed shortly, would make Intile Designs the largest importer and supplier of tiles and brick coping in the United States. Revenues would be $45 million and the company highly profitable.

Negotiations start shortly with the largest Mexican manufacturer of tilers ($45 million)

Profit margins are very high in this business and US tile manufactures cannot compete in pricing with the foreign imports.



To: gerard mangiardi who wrote (594)7/13/1998 11:21:00 AM
From: Currency  Read Replies (2) | Respond to of 4814
 
gerard,

You are correct. The company should be announcing the closing of another real nice acquisition soon. It's just a matter of time. I'm hearing the rumor that it will be this week.

Plus, keep in mind that Danny is a techie and he's going after some really neat high tech stuff that will propel this quicker and faster.

Kevin