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ALL AMERICAN SEMICONDUCTOR ANNOUNCES RAISING OF ADDITIONAL CAPITAL

 ALL AMERICAN SEMICONDUCTOR ANNOUNCES RAISING OF ADDITIONAL CAPITAL
 MIAMI, March 31 /PRNewswire/ -- All American Semiconductor, Inc. (NASDAQ: SEMI), a national distributor of electronic components, today announced that it has added $1 million to its capital base.
 The additional $1 million of capital was raised in the form of a subordinated loan from an unrelated party. The loan is subordinate to the obligations of the company's senior lender. The loan is for a term of 4 years with no principal repayments in the first year, and interest at the rate of prime plus 4 percent per annum. In addition, the lender received warrants to purchase 30,000 shares of the company's common stock at an exercise price of $1.00 per share. The loan is pre-payable upon the closing of any new equity offering by the company.
 Paul Goldberg, chairman of All American, stated, "We are excited to have obtained this additional capital on such favorable terms. This new capital will be used to finance the continued growth of All American while the company actively pursues alternatives for raising the additional capital that we feel will be needed to finance our long term growth."
 All American was ranked as the nation's 24th largest distributor of electronic components with 11 offices throughout the country.
 -0- 3/31/92
 /CONTACT: Bruce M. Goldberg, executive vice president or Howard L. Flanders, vice president and CFO of All American Semiconductor, 305-621-8282/
 (SEMI) CO: All American Semiconductor, Inc. ST: Florida IN: CPR SU:


AW-JB -- FL012 -- 3529 03/31/92 15:35 EST
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Publication:PR Newswire
Date:Mar 31, 1992
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