American International Industries, Inc. is a diversified holding company that utilizes a business model similar to General Electric, Tyco International, and Berkshire Hathaway. With holdings in Industry, Finance, Real Estate, and Oil & Gas, the focus of the company is to develop holdings in various industries by acquiring existing companies, applying the financial resources and management expertise needed to foster growth, and then leading the acquired businesses to profitability.
American International serves its subsidiaries as a financial and professional management partner to improve access to capital, achieve economies of scale by consolidating administrative functions, and provide the financial and management expertise of corporate personnel. The company continually works with the management of each subsidiary to improve revenues, operations and profitability.
The companyâ€™s management team has accumulated an incredible amount of experience in the various industries its portfolio companies operate in. American Internationalâ€™s portfolio currently consists of Northeastern Plastics, Inc., a supplier of automotive after-market products and consumer durable goods products to retailers and wholesalers; Delta Seaboard Well Service, Inc., an onshore rig-based well-servicing contracting company; and Shumate Energy Technologies, Inc., a contract machining and manufacturing company focused on the energy field services market.
For the six month period ended June 30, 2009, the company announced revenues of $12.4 million compared to $10,586,195 for the same period in the prior year, representing an increase of $1,840,934, or 17%. EBITDA also improved significantly from a loss of $2,988,246, or $0.42 per share, to income of $110,953, or $0.01 per share. As of last report, American International had total assets of $33.7 million and total liabilities of $17.2 million.