KEMAH, TX, March 21, 2005 (BUSINESS WIRE) -- Unlimited Coatings Corp., a majority-owned subsidiary of American International Industries Inc., changed its name to International American Technologies Inc., with company shares to begin trading under the new symbol IMTG.
International American Technologies recently announced signing of a definitive agreement to acquire equity interest in Hammonds Technical Services Inc. (www.hammondscos.com), a Houston-based business founded in 1982 with significant operations in water treatment for municipal and industrial applications. The closing of this transaction is planned for April 2005.
Meanwhile, an application has been submitted to have International American Technologies Inc. shares become subject to quotation on the NASDAQ Bulletin Board.
American International Industries Inc. is a growing diversified holding company (similar to the GE, Tyco and Berkshire Hathaway business models), with interest in industry, finance, real estate, and oil & gas.
###
