American International Industries Inc. Announces Approval of All Proposals at Annual Meeting of Shareholders.

Energy Editors/Business Editors

KEMAH, Texas--(BUSINESS WIRE)--June 20, 2003

American International Industries Inc. (OTCBB:AMIN) today announced that at the annual meeting of shareholders held on June 19, 2003 all proposals in the Company's Proxy Statement were approved by a majority vote of the stockholders. For details, please see AMIN's Schedule 14A Proxy Statement filed with the SEC May 9, 2003.

American International Industries Inc. is a growing holding company. The Company has holdings in industry, finance, 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 economics 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. Periodically as opportunities present themselves, we may sell or merge the subsidiaries in order to bring value to the holding company and our shareholders and to enable the Company to acquire larger companies.