ALL AMERICAN SURPASSES $100 MILLION IN SALES FOR 1994 50% AHEAD OF PRIOR YEAR.

MIAMI--(BUSINESS WIRE)--January 17, 1995--All American (Nasdaq National Market:SEMI), a national distributor of electronic components, today announced that unaudited sales for 1994 were significantly larger than the Company's previous record year. Final sales figures will be released upon completion of the year-end audit, however, the Company estimated sales for 1994 to be in excess of $100 million.

Commenting on the sales figures, Bruce M. Goldberg, President of All American, stated that, "We are excited to have met our very aggressive sales goal of $100 million for 1994. This is approximately a $33 million increase over our previous record of $67.5 million in 1993 and represents a growth rate of approximately 50%. More important than our growth in sales is the progress we have made in building our infrastructure and preparing our Company for the future. With our dramatically increased capacity, expanded customer services, our expanded sales and management teams, our technical sales program and the three acquisitions that we completed within the last 18 months, we are optimistic about All American's continued growth. While we expect ongoing investments in our future expansion to negatively impact our bottom line for 1994 and at least the first half of 1995, these investments are necessary in order to position our Company to participate in the dynamics of our rapidly changing industry."

All American was recently ranked as the nation's 21st largest distributor of electronic components and now has 21 strategic locations throughout the country.

CONTACT: ALL AMERICAN

Bruce M. Goldberg, Pres. [phone]

Howard L. Flanders, CFO  [phone]

-or-

INVESTOR RELATIONS COUNSEL:

The Equity Group Inc.

Linda Latman [phone]

Robert Goldstein [phone]