HOUSTON and KEMAH, Texas, June 17, 2011 (GLOBE NEWSWIRE) -- Brenham Oil & Gas Corp. (OTCBB:BRHM) ("Brenham"), a 54% owned subsidiary of American International Industries, Inc., (OTCBB:AMIN) ("American"), announced today that its shares of common stock have been approved by FINRA for listing on the OTCBB with the stock symbol "BRHM" effective June 15, 2011. Brenham previously announced that its registration statement registering 10,297,019 shares of common stock for public resale by shareholders of American, who received Brenham shares in American's dividend distribution, was declared effective by the SEC on May 16, 2011.
Scott Gaille, Brenham's President stated: "We are initially pursuing the acquisition of certain United States oil development and production properties located in Texas, which we view as the principal foundation of our Company. Our plan is to complement this acquisition with participation in high potential international exploration, particularly in Sub-Saharan Africa, where our management team has previously participated in many oil and gas exploration concessions."
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This press release may contain forward-looking statements, including information about management's view of the Company's future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 (the "Act"). 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 reflected by our subsidiaries' operations include without limitations, growth in the energy sector and in the oil and gas service industry, increased levels of competition, new products and technology changes, and the market for pipes, 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. Finally, the Company undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.
CONTACT: Investor Relations: Rebekah Ruthstrom Tel: 281-334-9479 email: firstname.lastname@example.org