American International Industries, Inc. Acquires Strategic Equity Interest in OI Corporation.

HOUSTON & KEMAH, Texas -- American International Industries, Inc. (NasdaqCM:AMIN) Mr. Daniel Dror, Chairman and CEO, today announced that the Company has acquired 170,345 shares or approximately 7% of OI Corporation's common stock (NasdaqGM:OICO). The private stock purchase agreement provides for a combination of cash payment and the issuance of restricted shares of AMIN for a total purchase price of $2,212,000. The OICO shares were purchased from OI Corporation's former President and CEO, William W. Botts, who has been retained as a consultant to the Company.

Mr. Dror stated, "We believe that our initial equity investment in OI Corporation significantly strengthens our portfolio of assets and increases value to our shareholders. As part of our growth strategy, we will continue to seek attractive investments that present opportunities for profitability." OI Corporation, headquartered in College Station, Texas, designs and manufactures analytical, monitoring, and sample preparation products, components, and systems, with applications in various industries, such as food, beverage, pharmaceutical, semi-conductor, power generation, chemical, petrochemical, and security.

For more detailed information, please refer to our Form 8-K filing with the SEC on September 14, 2007.

American International Industries, Inc. is a holding company. The Company has holdings in Industry, Finance, Real Estate in Houston Texas and surrounding areas, 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. The Company is continuing to work with management of the subsidiary companies to improve revenues, operations and profitability.

Private Securities Litigation Reform Act Safe Harbor Statement:

The matters discussed in this release contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, that involve risks and uncertainties. All statements other than statements of historical information provided herein may be deemed to be forward-looking statements. Without limiting the foregoing, the words "believes", "anticipates", "plans", "expects" and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those that we may anticipate in each of our segments reflected by our subsidiaries' operations include without limitations, continued value of our real estate portfolio, the strength of the real estate market in Houston, Texas as a whole, continued acceptance of the Company's products and services, increased levels of competition, new products and technology changes, the dependence upon financing, third party suppliers and intellectual property rights, the rules of regulatory authorities and risks associated with any potential acquisitions. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis, judgment, belief or expectation only as of the date hereof.