American International Industries Inc. Sells One of Its Wholly Owned Subsidiaries.

Business Editors

KEMAH, Texas--(BUSINESS WIRE)--April 9, 2001

American International Industries Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB). :EDII EDII Entrepreneurship Development Institute of India ) today announced the sale of its wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners. Har-Whit/Pitt's & Spitt's Inc. (HW/P&S) to Oxford Knight International Inc. HW/P&S is the manufacturer and distributor of high quality barbecue pits and a sheet metal fabricator fab·ri·cate
tr.v. fab·ri·cat·ed, fab·ri·cat·ing, fab·ri·cates
1. To make; create.

2. To construct by combining or assembling diverse, typically standardized parts: of parts specially manufactured for the energy industry. John W. Stump III, chief financial officer of American International Industries Inc. stated that "The company intends to file a Form 8-K Form 8-K

The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock.

Form 8-K

See 8-K. report related to this transaction."

American International Industries Inc. is a rapidly 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. EDII is continuing to work with management of the subsidiary companies to improve revenues, operations and profitability.

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Publication:	Business Wire
Date:	Apr 9, 2001
Words:	213
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