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

To: Needticker who wrote (2751)	9/13/1998 12:53:00 PM
From: ColleenB	Read Replies (1) \| Respond to of 4814

Been spending some time rereading some of the old PR's and I'm finding them full of information....for example this is from one dated May 29th!!!!! Energy Drilling Industries, Inc. previously announced the acquisitions of Intile Designs, Inc. and Cinema Research Corp. The Board of Directors of both companies voted for these acquisitions and the final documentation and closings should take place in the next 30 days. Upon completion of these transactions Energy Drilling Industries, Inc. revenues will be approximately $50,000,000 and profitable, with a book value per share increasing by 150 percent. and let's not forget this from the July 14th release..... MPI is a real estate investment company with properties in Houston, Harris County, Texas. MPI has a net book value of $2,500,000 and will be merged into Texas Real Estate Enterprises, Inc. (''TREE''), a wholly owned subsidiary of EDII. EDII issued 1,100,000 restricted shares of common stock for 100% of all shares outstanding of MPI. The EDII shares exchanged were based on a value of $2.40 per share. This gets added on to the estimated value of EDII which was suggested at one time to be $110 Million dollar company (couldn't find this pr...server went down) Don't know if I've missed some...will be reading them over again and see what I might have missed