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

To: jmt who wrote (2860)	10/8/1998 8:12:00 AM
From: Needticker	Read Replies (1) \| Respond to of 4814

Press Release...... American International Industries Inc. Signs Letter of Intent to Acquire Marald Inc. dba Unlimited Coatings KEMAH, Texas--(BUSINESS WIRE)--Oct. 8, 1998--American International Industries Inc. (OTC BB:EDII) announced today that it has entered into a letter of intent to acquire 100% of the shares of Unlimited Coatings, which distributes specialty chemicals to the automotive after-market. Best known for its spray-on bed-liners for truck beds, the Company's products are marketed under the "TORO LINER" name, through a rapidly expanding network of approximately 70 independent distributors throughout the United States and internationally, who buy the equipment, training and chemicals from Unlimited Coatings and are granted protected territories. Demand for liners for pickup truck beds has seen significant growth over recent years and is expected to remain strong. The Company enjoys an excellent reputation for quality products and service and is the third largest company in the spray-on truck-liner market. Other specialty chemicals, including rustproofing, undercoating, fabric protectants, fuel additives and performance enhancement chemicals related to the automotive after-market are sold through the distributors. With its headquarters in Houston, Unlimited Coatings has demonstrated rapid growth and profitable operations throughout its history. Consideration for the acquisition will be cash and restricted shares of EDII. The Company will be part of the "Industrial Division" of EDII and is expected to be synergistic in its marketing and participation in trade shows with another company in the Division. EDII has five divisions: industrial, financial, oil and gas, real estate and media communications/entertainment. EDII, with its liquidity, assists its subsidiaries, to build each division in its own field. EDII plans to file reports with the SEC around the end of October to become a fully reporting company. 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: American International Industries Inc., Kemah John Stump or Rebekah Ruthstrom, 281/334-4764 americanii.com jstocks.com KEYWORD: TEXAS

To: jmt who wrote (2860)	10/8/1998 9:12:00 AM
From: ColleenB	Read Replies (1) \| Respond to of 4814

are there not ways a insider can divest shares without a filing as long as the shares sold are under a % of average volume? come on...jmt..don't beat around the bush...are you accusing Dror of doing this?...or is this just another innocent comment???