American Spectrum Realty Management, LLC Announces the Appointment of Steven M. Speier as Director of Receivership

American Spectrum Realty, Inc, a real estate asset, management and leasing company, headquartered in Houston, Texas announced today that it’s wholly owned auxiliary, American Spectrum Realty organization, LLC ("ASRM"), employees Steven M. Speier as Director of Receivership, Bankruptcy and Litigation Services.

Mr. Speier will top the Special Assets Group's newly formed Receivership, proceedings and Bankruptcy put into practice. Although the division is new to ASRM, the team's combined experience exceeds 25 years within the receivership commerce.

While understanding an eternally mounting need for the special consideration that real estate assets and the various forms of real estate possession experiences in this challenging time, ASRM required the experience and leadership of Steven M. Speier to lead this extremely technical group.

Full story

American International Industries, Inc. to Repurchase Up to $1,000,000 Worth of Its Common Stock

American International Industries, Inc nowadays announces the endorsement by its board of directors to repurchase up to $1,000,000 value of its common supply.

The board's choice is footed on the fact that the market cap of AMIN is just about $6,000,000, which is corresponding to the amount of AMIN's cash and trading securities, without counting the trading value of our 48.1% interest in our publicly-traded supplementary, Delta Seaboard International, Inc., the value of our 100% owned subsidiaries Northeastern Plastics, Inc., Shumate Energy Technologies, Inc. in addition to the equity value of our real estate investments.

Mr. Daniel Dror, Chairman and Chief Decision-making Officer of AMIN, stated "We believe the approval of a share repurchase program at this time is a indication of the board's confidence in the future of our business and reaffirms our commitment to enhancing shareholder value."

full story