American International Industries, Inc. Announces Change in Auditors

HOUSTON & KEMAH, Texas--(Business Wire)--
American International Industries, Inc. (NasdaqCM:AMIN) today
announced its Board of Directors has selected GBH CPAs, PC ("GBH") to
serve as the Company's independent registered public accounting firm
for the fiscal year ended December 31, 2008. GBH replaces the
Company's previous independent registered accountants, GLO CPAs LLLP
("GLO").

We have had a very positive relationship with GLO. However, we
believe GBH offers our shareholders the best combination of cost and
we look forward to working with their team.

The change was recommended by the Company's Audit Committee. The
Company and GLO did not have any disagreement on any matter of
accounting principles or practices, financial statement disclosure, or
auditing scope or procedures which disagreement, if not resolved to
the satisfaction of GLO, would have caused it to make reference to the
subject matter of the disagreement in connection with its report on
the Company's consolidated financial statements.

American International Industries, Inc. is a diversified holding
company, with a business model similar to General Electric, Tyco
International, and Berkshire Hathaway. The Company has holdings in
Industry, Finance, and 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.

American International Industries, Inc.
Investor Relations:
Rebekah Ruthstrom, 281-334-9479
amin@americanii.com

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