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

To: findstock who wrote (1639)	7/27/1998 2:07:00 PM
From: ColleenB	Read Replies (3) \| Respond to of 4814

took me a minute but here's the NEWS for the thread Monday July 27, 1:44 pm Eastern Time Company Press Release American International Industries Inc. Signs Agreement to Acquire Electronic Pictures California Inc. KEMAH, Texas--(BUSINESS WIRE)--July 27, 1998--American International Industries Inc. (formerly Energy Drilling Industries Inc.)(OTCBB:EDII - news) announced today that it is acquiring Electronic Pictures California Inc. (''EPC''). EPC, a California corporation, will capitalize on the emerging market for high definition television (HDTV) programs. HDTV is a part of the new digital television standard mandated by the FCC. In accordance with the FCC mandate, major television networks must commence HDTV broadcasts this year and all broadcasters have been directed to be fully converted to HDTV by the year 2006. The switch from standard television to HDTV will eventually affect every program that is distributed on television, cable, direct broadcast satellite, home video, and digital video disks. HD offers a wide-screen picture with video and sound quality comparable to theatrical motion pictures. Since the current television system is not compatible with HD, all new television programs must be produced in the HD format and thousands of hours of movies and TV programs that were originally produced on 35mm film must be converted to HD for future broadcast and distribution. EPC's plans are to specialize in the conversion of 35mm film to HDTV as well as the production of original HDTV documentaries and programs. Currently, EPC is working in conjunction with Cinema Research Corporation to develop a CRC HDTV production department. EPC is engaged in discussions with a number of documentary production companies about joint productions and is developing programs for NHK and other broadcasters. On July 9, 1998 EDII declared a 10 percent stock dividend payable to shareholders of record August 30, 1998. EDII has five divisions: industrial, financial, oil and gas, real estate and media communications/entertainment. EDII, with its liquidity, assists it subsidiaries to build vertically each division in its own field. This release may contain forward-looking statements that involve risks and uncertainties, including without limitation, continued acceptance of the company's products and services, increased levels of competition, new products and technological changes, the company's dependence on financing, third-party suppliers and intellectual property rights, and other risks detailed from time to time in the company's federal filings, annual reports, offering memorandum or prospectus. Contact: Growth International Ltd. Joe Gort, 800/778-9204 718/951-0260

To: findstock who wrote (1639)	7/27/1998 2:07:00 PM
From: Currency	Respond to of 4814

I know. She accused me of hearing about public information. Big harry deal.