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

To: xbrent who wrote (602)	7/13/1998 10:49:00 AM
From: ColleenB	Read Replies (1) \| Respond to of 4814

One of EDII's subsidiaries Texas Real Estate Enterprises owns two properties in Houston that are very undervalued. One 40 acre industrial site next to the Interstate is on the books for original acquisition cost 20 years ago of $183,000. The second property, recorded on the books at $1,800,000, is the 290 acre Galveston Bay location (mineral rights severed) that has been offered to Marvin Davis' oil company for $10 million. The property has water access to Galveston Bay and looks out on Marvin Davis' oil rig. The parcel faces Dickinson Bayou on the left, Galveston Bay to the front, and a 730 acre parcel to the right. The adjacent 730 acre property is surrounded on two sides by a Wildlife Reserve facing Galveston Bay and the main highway in back. There is no water access to the property except through EDII's land. It does have long frontage on the highway and several producing wells (mineral rights owned) on the side on the property farthest from EDII's land. EDII Management is negotiating with the owners of the land to acquire it. There is a great future for the combination of the two parcels together.