American International Industries Inc. Reports Second Quarter Results and Update on Acquisition of Delta Seaboard.

Energy Editors/Business Editors/Real Estate Writers

KEMAH, Texas--(BUSINESS WIRE)--Aug. 6, 2003

American International Industries Inc. (OTCBB:AMIN) announces an increase in Assets of $539K for the second quarter due to the increase in the value of available for sale securities. The company reported a consolidated net loss of ($503,911) for the three-month period ended June 30, 2003, which compares to net income of $4,994,652 for the comparable period of the prior year. For the six months ended June 30, the current year loss of ($493,859) compares to $4,870,630 earned last year. The $4,870,630 earned last year included the sale of properties owned by the company. NPI, a wholly owned operating subsidiary, has reported that due to the nature of its distribution business that most of its annual revenues and net income will be realized and earned in the last half of the year.

The company previously announced it had signed a letter of intent to acquire controlling interest in Delta Seaboard, a drilling services and seller of pipe to the energy sector. The company is currently in the process of finalizing the purchase of its interest in Delta Seaboard. The purchase will be for cash and will not have any dilutive effect on the existing shareholders of AMIN. For the year 2002, Delta had gross revenues in excess of $14,000,000. Delta is also profitable for the first six months of 2003.

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.