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

To: Don Metzger who wrote (4528)	1/13/1999 9:34:00 AM
From: ColleenB	Read Replies (1) \| Respond to of 4814

I will admit and say that I like the book value...but..... I wonder how they're going to maintain it... Revenues Company sales for the year ended August 31, 1998, were $9.40 million, compared to $10.51 million for the year ended August 31, 1997, an 11% decrease. A substantial portion of the decline in sales was attributed to the decline in computer sales. Computer sales for the year ended August 31, 1998 were $4,445,000 compared to $6,860,000 for the previous year. Hertz Computer sales were impacted by several factors including the closing of Hertz's Israel division in February 1997, the reduction in sales to several customers who had made substantial purchases for the comparable year ended August 31, 1998 and by increasingly intense competition in the PC market, which is continuing. Offsetting some of the decline in sales was increased computer sales activity in the governmental area, generated in part, by the Company office in Albany. Additionally, a single customer purchase that totaled $1.4 million or 31% of Hertz Computer sales generated a large part of the Hertz Computer sales volume for the 1998 fiscal year. Although it is likely that the customer will continue purchasing from Hertz Computer, it is not expected to purchase any substantial volume in the foreseeable future. Generally speaking, the Company expects its traditional PC sales in Fiscal 1999 to be substantially lower than those in Fiscal 1998.