American International Industries Inc. AMIN,Yesterday's trade down 3.68%
American International Industries Inc.
American International Industries, Inc. has reported revenues for the six months ended June, compared the same period in the previous year, representing an increase of 17%. The revenue increase was due to the inclusion of Shumate Energy Technologies, Inc. revenues of $3,994,317, increased revenues at NPI of $304,290, or 9%, partially offset by decreased revenues at Delta of $2,457,673, or 34%.
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American International Industries, Inc. is a holding company with interests in industrial companies, oil and gas interests, oilfield supply and service companies, and interests in undeveloped real estate in the Galveston Bay, Texas area. The Company has three reporting segments and corporate overheads: Northeastern Plastics (NPI), which is a supplier of automotive after-market products and consumer durable goods products to retailers and wholesalers; Shumate Energy Technologies, Inc. (SET), which manufactures specialized equipment for energy industry customers, including expandable tubing technology products that are used in field service operations for oil and gas exploration, and Delta Seaboard Well Services (Delta), which is an onshore rig-based, well-servicing contracting company providing services to the oil and gas industry. Corporate overhead includes its investment holdings, as well as evaluating the feasibility of entering into additional businesses.
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