HOUSTON and KEMAH, Texas, July 5, 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 pursuant to its effective registration statement, the 10,297,019 shares issued in the spin-off dividend distribution (the "Distribution") have been registered for the benefit of Brenham's selling shareholders.
S. Scott Gaille, Brenham's President, stated, "We are pleased to inform our shareholders that those who received their shares in the Distribution now have fully-registered shares that may be deposited into their brokerage accounts and are available for public resale. As a result, we anticipate that a trading market for our shares will commence, perhaps within one week."
For the convenience of our shareholders and the investing public, please see below links to Brenham's website, as well as the SEC's website to view the final prospectus.
http://www.BrenhamOil.com and http://sec.gov/Archives/edgar/data/1501720/000129534511000101/brhmposam_424b3.htm
Forward-Looking Statements:
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.