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American International Industries Acquires Tough Trucks & Accessories

29 April 1999

American International Industries, Inc. Acquires Tough Trucks & Accessories, Inc. dba Armor Linings

    KEMAH, Texas, April 29 -- American International Industries,
Inc. (OTC Bulletin Board: EDII) announced today that the Company acquired
100% of Tough Trucks & Accessories, Inc. (Armor).  American International paid
an undisclosed amount of cash for the acquisition and did not issue any shares
in connection with the acquisition.  Armor operates a modern, well-equipped
facility in Houston, for the application of spray-on liners for truck beds,
undercoating and rust-proofing of vehicles, and wholesale and retail sales of
truck accessories.  Customers include many of the Houston area auto and truck
dealerships.  Armor has established significant commercial applications of the
coatings, which are applied for corrosion resistance and noise suppression in
diverse uses.  A multi-national manufacturing company has Armor apply the
lining to the inside of housings for large turbine engines.  Other
applications include surfaces exposed to corrosive materials in chemical and
refining plants, lining the interior of refuse containers (dumpsters),
spraying floors and decks, and other applications where a tough surface,
resistant to corrosion, moisture and wear is needed.  The chemicals are
supplied by Unlimited Coatings, which was acquired by EDII in March.
    Daniel Dror, Chairman and CEO commented:  "We are pleased to add Armor
Linings to our family of companies, within our Industrial Division.  The
synergies between Armor and Unlimited Coatings will bring remarkable results
in growth and profitability of those companies. "
    American International Industries, Inc. is a rapidly growing holding
company.  The Company has holdings in Industry, Finance, Media/Communications,
Real Estate, and Oil & Gas.  The vision of the Company is to develop holdings
in various industries through acquisition of existing companies, applying the
financial resources and management expertise to foster the growth and
profitability of the acquired businesses.  The holding company serves as a
financial and professional partner to the management of the subsidiaries.  The
role of the holding company is to improve each subsidiary's access to capital,
achieve economies of scale by consolidating administrative functions, and
utilize the financial and management expertise of corporate personnel across
all units.  EDII is continuing to work with management of the subsidiary
companies to improve revenues, operations and profitability.
    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 technology 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 filing, annual reports, offering memorandum
or prospectus.