April 13, 2010 (FinancialWire) — Daniel Dror, chairman and CEO of American International Industries, Inc. (NASDAQ: AMIN), said the company plans to declare a special dividend of one common share of Brenham Oil & Gas for each share each share of the company's common stock owned by its shareholders.

At present, Brenham presently owns an oil and gas mineral royalty interest in a unit operated by Anadarko Petroleum Corp. in Brenham, Texas.

The company intends to utilize its subsidiary by expanding Brenham's business to acquire a portfolio of oil and gas properties for the development, production and marketing of oil and gas in North America, as well as identifying and acquiring interests in International concessions primarily focusing on the African continent.

The company has engaged counsel to register the shares to be distributed to shareholders, for the purpose of Brenham becoming a separate reporting public company.

American International Industries, Inc. is a diversified holding company, with holdings in industry, finance, and real estate in Houston Texas and surrounding areas, and oil & gas.

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