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ALL AMERICAN SEMICONDUCTOR ANNOUNCES FILING OF REGISTRATION STATEMENT

ALL AMERICAN SEMICONDUCTOR ANNOUNCES FILING OF REGISTRATION STATEMENT
 MIAMI, May 6 /PRNewswire/ -- All American Semiconductor, Inc. (NASDAQ: SEMI), a national distributor of electronic components, today announced that it has filed a registration statement on Form S-2 with the Securities and Exchange Commission. The Form S-2 registers, among other securities, units consisting of common stock and common stock purchase warrants. The proposed offering will raise gross proceeds of $3 million, excluding proceeds from the exercise of an over-allotment option. The net proceeds will be used for continued expansion of the company, including opening new offices, inventory diversification, obtaining new produce lines, future acquisitions, further development and marketing of licensed technology, general working capital, and to repay debt.
 The underwriters of the offering are JW Charles Securities, Inc., Corporate Securities Group, Inc. and Lew Lieberbaum & Co., Inc.
 The registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 5/6/92
 /CONTACT: Bruce M. Goldberg, executive vice president, or Howard L. Flanders, vice president and chief financial officer of All American Semiconductor, 305-621-8282/
 (SEMI) CO: All American Semiconductor, Inc. ST: Florida IN: CPR SU: OFR


AW-JB -- FL005 -- 7093 05/06/92 12:20 EDT
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Publication:PR Newswire
Date:May 6, 1992
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