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American International Industries, Inc. Update on Letter of Intent to Sell Its Subsidiary, Delta Seaboard Well Service, Inc.

Publication: Business Wire
Publication Date: 08-SEP-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
KEMAH, Texas -- American International Industries, Inc. (OTCBB:AMIN)

Mr. Daniel Dror, Chairman and CEO, today announced an update to the April 17, 2006 news release that the Company had entered into a letter of intent with CFO Resources, Inc. (CRI) to sell its subsidiary, Delta Seaboard Well Service, Inc. CRI was granted an initial 30 day period for due-diligence, which was extended for an additional 90 days. CRI was...

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