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<table border="0" cellpadding="0" cellspacing="0" width="100%">
  <tr>
    <td width="100%" colspan="2"><p ALIGN="CENTER"><font size="4"><b>SECURITIES AND EXCHANGE
    COMMISSION</b></font></td>
  </tr>
  <tr>
    <td width="100%" colspan="2"><p ALIGN="CENTER"><font size="4"><b>Washington, DC 20549</b></font></td>
  </tr>
  <tr>
    <td width="100%" colspan="2">&nbsp;&nbsp;&nbsp;&nbsp; </td>
  </tr>
  <tr>
    <td width="100%" colspan="2"><p ALIGN="CENTER"><strong><font size="3">FORM S-8</font></strong></td>
  </tr>
  <tr>
    <td width="100%" colspan="2">&nbsp;&nbsp;&nbsp;&nbsp; </td>
  </tr>
  <tr>
    <td width="100%" colspan="2"><p ALIGN="CENTER"><font size="3"><b>Registration Statement</b></font></td>
  </tr>
  <tr>
    <td width="100%" colspan="2"><p ALIGN="CENTER"><font size="3"><b>Under the Securities Act
    of 1933</b></font></td>
  </tr>
  <tr>
    <td width="100%" colspan="2">&nbsp; </td>
  </tr>
  <tr>
    <td width="100%" colspan="2">&nbsp; </td>
  </tr>
  <tr>
    <td width="100%" colspan="2"><p ALIGN="CENTER"><strong>American International Industries,
    Inc.</strong></td>
  </tr>
  <tr>
    <td width="100%" colspan="2"><p ALIGN="CENTER"><font size="2">(Exact name of Registrant as
    specified in its charter)</font></td>
  </tr>
  <tr>
    <td width="100%" colspan="2"><p align="center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </td>
  </tr>
  <tr>
    <td width="50%"><p align="center">Nevada</td>
    <td width="50%"><p align="center">88-0326480</td>
  </tr>
  <tr>
    <td width="50%" align="center"><font size="2">(State or other jurisdiction of
    incorporation ororganization) </font></td>
    <td width="50%" align="center"><font size="2">(I.R.S. Employer of incorporation or
    Identification Number)</font></td>
  </tr>
  <tr>
    <td width="50%">&nbsp; </td>
    <td width="50%"></td>
  </tr>
  <tr>
    <td width="50%">&nbsp; </td>
    <td width="50%"></td>
  </tr>
  <tr>
    <td width="50%" align="center">601 Cien Street, Suite 235</td>
    <td width="50%" align="center">Daniel Dror</td>
  </tr>
  <tr>
    <td width="50%" align="center">Kemah, Texas 77565</td>
    <td width="50%" align="center">601 Cien Street, Suite 235 </td>
  </tr>
  <tr>
    <td width="50%" align="center">281-334-9479</td>
    <td width="50%" align="center">Kemah, Texas 77565</td>
  </tr>
  <tr>
    <td width="50%">&nbsp;&nbsp;&nbsp; </td>
    <td width="50%" align="center">281-334-9479</td>
  </tr>
  <tr>
    <td width="50%"><p align="center"><font size="2">(Address, including zip code, and
    telephone number, <br>
    including area code, of registrant's principal executive offices)</font></td>
    <td width="50%" align="center"><font size="2">(Name, address, including zip code,&nbsp;and
    telephone number, including<br>
    area code, of agent for service)</font></td>
  </tr>
  <tr>
    <td width="50%">&nbsp;&nbsp;&nbsp;&nbsp; </td>
    <td width="50%" align="center"></td>
  </tr>
  <tr>
    <td width="100%" colspan="2"><u><p ALIGN="CENTER"><font size="3">Employee and Consultant
    Compensation Plan</font></u></td>
  </tr>
  <tr>
    <td width="100%" colspan="2"><p ALIGN="CENTER"><font size="2">(Full Title of the Plans)</font></td>
  </tr>
  <tr>
    <td width="50%">&nbsp;&nbsp;&nbsp;&nbsp; </td>
    <td width="50%" align="center"></td>
  </tr>
  <tr>
    <td width="100%" colspan="2"><i><b><p ALIGN="CENTER"></b></i>Copies to:</td>
  </tr>
  <tr>
    <td width="100%" colspan="2"><p ALIGN="CENTER"><font size="2">Thomas J. Craft, Jr., P.A.<br>
    301 Clematis Street, Suite 3000<br>
    West Palm Beach, FL 33401<br>
    Phone (561) 651-7336<br>
    Fax (561) 655-3202</font></td>
  </tr>
  <tr>
    <td width="50%">&nbsp; </td>
    <td width="50%" align="center"></td>
  </tr>
  <tr>
    <td width="50%">&nbsp;&nbsp; </td>
    <td width="50%" align="center"></td>
  </tr>
</table>

<p>&nbsp; </p>

<p ALIGN="CENTER">CALCULATION OF REGISTRATION FEE</p>

<table border="0" cellpadding="0" cellspacing="0" width="100%" height="1%">
  <tr>
    <td width="20%"
    style="border-left: 1px solid rgb(0,0,0); border-top: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"><p
    align="center"><strong><font size="2">Title of Securities To Be Registered</font></strong></td>
    <td width="18%"
    style="border-left: 1px solid rgb(0,0,0); border-top: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"><p
    align="center"><strong><font size="2">Amount Being Registered<sup>(1)</sup></font></strong></td>
    <td width="24%"
    style="border-left: 1px solid rgb(0,0,0); border-top: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"><p
    align="center"><strong><font size="2">Proposed Maximum Offering Price Per Share<sup>(2)</sup></font></strong></td>
    <td width="24%"
    style="border-left: 1px solid rgb(0,0,0); border-top: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"><p
    align="center"><strong><font size="2">Proposed Maximum Aggregate Offering Price<sup>(2)</sup></font></strong></td>
    <td width="14%" style="border: 1px solid rgb(0,0,0)"><p align="center"><strong><font
    size="2">Amount of Registration Fee</font></strong></td>
  </tr>
  <tr>
    <td width="20%"
    style="border-left: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"><font
    size="2">Common Stock, par value $0.001 per share </font></td>
    <td width="18%"
    style="border-left: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"><p
    align="center"><font size="2">20,000</font></td>
    <td width="24%"
    style="border-left: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"><p
    align="center"><font size="2">$4.00</font></td>
    <td width="24%"
    style="border-left: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"><p
    align="center"><font size="2">$80,000</font></td>
    <td width="14%"
    style="border-left: 1px solid rgb(0,0,0); border-right: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"><p
    align="center"><font size="2">$7.36</font></td>
  </tr>
</table>

<p ALIGN="JUSTIFY">(1) Pursuant to Rule 416 under the Securities Act of 1933, as amended,
the number of shares of the issuer's Common Stock registered hereunder will be adjusted in
the event of stock splits, stock dividends or similar transactions.<br>
(2) Estimated solely for the purpose of calculating the amount of the registration fee
pursuant to Rule 457(h), on the basis of the high and low prices of the Common Stock as
reported on the OTC Bulletin Board on January 14, 2003.</p>
</div>

<p><br clear="all" style="page-break-before:always; mso-break-type:section-break">
</p>
<div>

<p ALIGN="CENTER"><strong>PART I</strong></p>

<p ALIGN="center">Information Required in the Section 10 (a) Prospectus</p>

<p ALIGN="JUSTIFY"><strong>Item 1. Plan Information.</strong></p>

<p ALIGN="JUSTIFY">This Registration Statement on Form S-8 provides for the issuance of a
total of twenty thousand shares of common stock, par value $.001 per share of American
International Industries, Inc. (the &quot;Company&quot;), issuable to the principals of CR
Capital Services, Inc., our corporate securities compliance firm, as follows: eight
thousand shares to Thomas J. Craft, Jr., Esq., eight thousand shares to Richard Rubin and
four thousand shares to Ivo Heiden. Each of the foregoing individuals provide bona fide
services to the Company.</p>
<b>

<p ALIGN="JUSTIFY">Item 2. Registrant Information and Employee Plan Annual Information.</p>
</b>

<p ALIGN="JUSTIFY">The Company has provided a written statement to the above consultants
advising them of the availability, without charge, upon written or oral request, of the
documents incorporated by reference in Item 3 of Part II of the Registration Statement,
and stating that these documents are incorporated by reference in the Section 10(a)
prospectus.</p>
<b>

<p ALIGN="CENTER">PART II</p>

<p ALIGN="CENTER"></b>Information Required in the Registration Statement</p>

<p ALIGN="JUSTIFY"><b>Item 3. Incorporation of Documents by Reference</b></p>

<p ALIGN="JUSTIFY">The following documents filed by American International Industries,
Inc. with the Securities and Exchange Commission are incorporated in this Form S-8 by
reference:</p>

<p ALIGN="JUSTIFY">1. The Company's annual report for the fiscal year end December 31,
2001;</p>

<p ALIGN="JUSTIFY">2. All other reports filed pursuant to Section 13(a) or 15(d) of the
Securities Exchange Act of 1934 since the end of the fiscal year covered by the document
referred to in (1) above; and</p>

<p ALIGN="JUSTIFY">3. The description of the Company common stock which is contained in
the registration statement or amendment to any registration statement filed under Section
12 of the Exchange Act, including any amendment or report filed for the purpose of
updating the description.</p>

<p ALIGN="JUSTIFY">All documents subsequently filed by the registrant pursuant to Sections
13(a), 13(c), 14, and 15(d) of the Exchange Act, prior to the filing of a post-effective
amendment to the Registration Statement that indicate that all shares of common stock
offered have been sold or that deregister all of the shares then remaining unsold, shall
be deemed to be incorporated by reference in the Registration Statement and to be a part
of it from the date of filing of the documents.</p>

<p ALIGN="JUSTIFY"><b>Item 4. Description of Securities</b></p>

<p ALIGN="JUSTIFY">Not Applicable.</p>

<p ALIGN="JUSTIFY"><b>Item 5. Interest of Named Experts and Counsel </b></p>

<p ALIGN="JUSTIFY">Thomas J. Craft, Jr., Esq. has received 8,000 shares of Company common
stock pursuant to a consulting agreement between the Company and CR Capital Services,
Inc., the shares of which are being registered pursuant to this registration statement.
Mr. Craft has recently been appointed as a director of the Company.</p>
<b>

<p ALIGN="JUSTIFY">Item 6. Indemnification of Directors and Officers</p>
</b>

<p ALIGN="JUSTIFY">Section 78.7502 of the Nevada General Corporation Law allows the
Company to indemnify any person who was or is threatened to be made a party to any
threatened, pending, or completed action, suit, or proceeding by reason of the fact that
he or she is or was a director, officer, employee, or agent of the Company or is or was
serving at the request of the Company as a director, officer, employee, or agent of any
corporation, partnership, joint venture, trust or other enterprise. The Company may
advance expenses in connection with defending any such proceeding, provided the indemnitee
undertakes to pay any amounts if it is later determined that the person was not entitled
to be indemnified by the Company.</p>

<p ALIGN="JUSTIFY"><b>Item 7. Exemption from Registration Claimed</b></p>

<p ALIGN="JUSTIFY">Not Applicable. </p>
<b>

<p ALIGN="JUSTIFY">Item 8. Exhibits</p>
</b>

<p ALIGN="JUSTIFY">The following exhibits are filed as part of this Registration
Statement:</p>

<table CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%" height="0%">
  <tr>
    <td WIDTH="15%" VALIGN="MIDDLE"><font size="2">Exhibit</font></td>
    <td WIDTH="85%" VALIGN="MIDDLE"><font size="2">Description</font></td>
  </tr>
  <tr>
    <td WIDTH="15%" VALIGN="MIDDLE"><p ALIGN="JUSTIFY"><font size="2">3(i) (*)</font></td>
    <td WIDTH="85%" VALIGN="MIDDLE"><p ALIGN="JUSTIFY"><font size="2">Certificate of
    Incorporation of the Company, and Amendments thereto.</font></td>
  </tr>
  <tr>
    <td WIDTH="15%" VALIGN="MIDDLE"><p ALIGN="JUSTIFY"><font size="2">3(ii) (*)</font></td>
    <td WIDTH="85%" VALIGN="MIDDLE"><p ALIGN="JUSTIFY"><font size="2">Amended and Restated
    By-laws of the Company</font></td>
  </tr>
  <tr>
    <td WIDTH="15%" VALIGN="MIDDLE"><p ALIGN="JUSTIFY"><font size="2">4.1 (*)</font></td>
    <td WIDTH="85%" VALIGN="MIDDLE"><p ALIGN="JUSTIFY"><font size="2">Common Stock
    Certificate, American International Industries, Inc.</font></td>
  </tr>
  <tr>
    <td WIDTH="15%" VALIGN="MIDDLE"><p ALIGN="JUSTIFY"><font size="2">5.1</font></td>
    <td WIDTH="85%" VALIGN="MIDDLE"><p ALIGN="JUSTIFY"><font size="2">Opinion regarding
    legality</font></td>
  </tr>
  <tr>
    <td WIDTH="15%" VALIGN="MIDDLE"><p ALIGN="JUSTIFY"><font size="2">23.1</font></td>
    <td WIDTH="85%" VALIGN="MIDDLE"><p ALIGN="JUSTIFY"><font size="2">Consent of Counsel
    (included in Exhibit 5.1)</font></td>
  </tr>
  <tr>
    <td WIDTH="15%" VALIGN="MIDDLE"><p ALIGN="JUSTIFY"><font size="2">23.2</font></td>
    <td WIDTH="85%" VALIGN="MIDDLE"><p ALIGN="JUSTIFY"><font size="2">Consent of R. E. Bassie
    &amp; Co., P.C., independent public accountants</font></td>
  </tr>
</table>
<font size="3">

<p ALIGN="JUSTIFY">_____________________<br>
</font><font size="2">(*) Filed previously on registration statement on Form 10-SB filed
on December 30, 1998, SEC File No. 0-25223.</font></p>
<b>

<p ALIGN="JUSTIFY">Item 9. Undertakings</p>
</b>

<p ALIGN="JUSTIFY">(a) The undersigned Registrant hereby undertakes:</p>

<p ALIGN="JUSTIFY">(1) To file, during any period in which offers or sales are being made,
a post-effective amendment to this registration statement:</p>

<p ALIGN="JUSTIFY">i. To include any prospectus required by Section 10(a)(3) of the
Securities Act;</p>

<p ALIGN="JUSTIFY">ii. To reflect in the prospectus any facts or events arising after the
effective date of the Registration Statement (or the most recent post-effective amendment
thereof) which, individually or in the aggregate, represent a fundamental change in the
information set forth in the Registration Statement. Notwithstanding the foregoing, any
increase or decrease in volume of securities offered (if the total dollar value of
securities offered would not exceed that which was registered) and any deviation from the
low or high and of the estimated maximum offering range may be reflected in the form of
prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than 20 percent change in the maximum
aggregate offering price set forth in the &quot;Calculation of Registration Fee&quot;
table in the effective registration statement; and</p>

<p ALIGN="JUSTIFY">iii. To include any material information with respect to the plan of
distribution not previously disclosed in the registration statement or any material change
to such information in the registration statement.</p>

<p ALIGN="JUSTIFY">Provided, however, that paragraphs (a)(1)(i) and (ii) do not apply if
the registration statement is on Form S-3 or Form S-8, and the information required to be
included in a post-effective amendment by those paragraphs is contained in periodic
reports filed with or furnished to the Commission by the registrant pursuant to Section 13
or 15(d) of the Exchange Act that are incorporated by reference in the registration
statement.</p>

<p ALIGN="JUSTIFY">(2) That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the offering of
such securities at that time shall be deemed to be the initial <i>bona fide</i> offering
thereof.</p>

<p ALIGN="JUSTIFY">(3) To remove from registration by means of a post-effective amendment
any of the securities being registered which remain unsold at the termination of the
offering.</p>

<p ALIGN="JUSTIFY">(b) The undersigned Registrant hereby undertakes that, for purposes of
determining liability under the Securities Act, each filing of the Registrant's annual
report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each
filing of an employee benefit plan's annual report pursuant to Section 15(d) of the
Exchange Act) that is incorporated by reference in the registration statement shall be
deemed to be a new registration statement relating to the securities offered therein, and
the offering of such securities at that time shall be deemed to be the initial <i>bona
fide</i> offering thereof.</p>

<p ALIGN="JUSTIFY">(c) Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling persons of the
Registrant pursuant to the provisions described in Item 6 above, or otherwise, the
Registrant has been advised that in the opinion of the Securities and Exchange Commission
such indemnification is against public policy as expressed in the Securities Act and is,
therefore, unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the Registrant of expenses incurred or paid by a
director, officer or controlling person of the Registrant in the successful defense of any
action, suit or proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless in the
opinion of its counsel the matter has been settled by controlling precedent, submit to a
court of appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.</p>
</div>

<p><br clear="all" style="page-break-before:always; mso-break-type:section-break">
</p>
<div>

<p ALIGN="CENTER"><b>SIGNATURES</b></p>

<p ALIGN="JUSTIFY">Pursuant to the requirements of the Securities Act of 1933, the
Registrant certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in the City of Kemah,
State of Texas, on the 15th day of January 2003.</p>

<p ALIGN="JUSTIFY">AMERICAN INTERNATIONAL INDUSTRIES, INC.</p>

<p ALIGN="JUSTIFY">By:__________________________<br>
Daniel Dror, Chief Executive Officer</p>

<p ALIGN="JUSTIFY">&nbsp;</p>

<p ALIGN="JUSTIFY">By:__________________________<br>
John W. Stump, III, Chief Financial Officer</p>
</div>

<p><br clear="all" style="page-break-before:always; mso-break-type:section-break">
</p>
<div><b>

<p align="left"></b>Exhibit 5.1</p>

<table border="0" width="100%" cellspacing="0">
  <tr>
    <td width="100%"><p align="center"><font size="3"><b>Thomas J. Craft, Jr., P.A.</b></font></td>
  </tr>
  <tr>
    <td width="100%" align="center"><font size="3">301 Clematis Street, Suite 3000</font></td>
  </tr>
  <tr>
    <td width="100%" align="center"><font size="3">West Palm Beach, FL 33401</font></td>
  </tr>
  <tr>
    <td width="100%" align="center"><font face="Times New Roman" size="3">Phone: (561)
    651-7336 Fax: (561) 655-3202</font></td>
  </tr>
</table>

<table border="0" width="100%" cellspacing="0">
  <tr>
    <td width="100%"><p align="right"><font size="3">January 15, 2002</font></td>
  </tr>
  <tr>
    <td width="100%"><p align="left"><font size="3">U.S. Securities and Exchange Commission</font></td>
  </tr>
  <tr>
    <td width="100%"><font size="3">450 Fifth Street, NW</font></td>
  </tr>
  <tr>
    <td width="100%"><p align="left"><font size="3">Washington, DC 20549</font></td>
  </tr>
</table>

<table border="0" width="100%" cellspacing="0">
  <tr>
    <td width="24%"><p align="right"><font size="3">Re: </font></td>
    <td width="76%"><font size="3">American International Industries, Inc.</font></td>
  </tr>
  <tr>
    <td width="24%"></td>
    <td width="76%"><font size="3">Commission File No. 0-25223</font></td>
  </tr>
  <tr>
    <td width="24%"></td>
    <td width="76%"><font size="3">Registration Statement on Form S-8</font></td>
  </tr>
</table>

<p style="text-align:justify"><font face="Times New Roman" size="3">Gentlemen:</font></p>

<p ALIGN="JUSTIFY">I&nbsp; have represented American International Industries, Inc., a
Nevada corporation (&quot;Company&quot;), in connection with the preparation of a
registration statement filed with the Securities and Exchange Commission on Form S-8 in
connection with the registration of 20,000 shares of the Company's common stock, par value
$.001 per share under the Securities Act of 1933, as amended. The shares are to be issued
to the individual principals of CR Capital Services, Inc., for their corporate securities
compliance services as follows: 8,000 shares to the undersigned, Thomas J. Craft, Jr.,
8,000 shares to Richard Rubin and 4,000 shares to Ivo Heiden, in consideration for
corporate securities compliance services to the Company. </p>

<p ALIGN="JUSTIFY">In this connection, I have examined originals or copies identified to
our satisfaction of such documents, corporate and other records, certificates, and other
papers as we deemed necessary to examine for purposes of this opinion, including but not
limited to the consulting agreements, the Company's Articles of Incorporation and Bylaws
of the Company, and resolutions of the Board of Directors of the Company.</p>

<p ALIGN="JUSTIFY">I have examined such records and documents and have made such
examination of laws as I have considered necessary to form a basis for the opinion set
forth herein. In my examination, I have assumed the genuineness of all signatures, the
authenticity of all documents submitted to us as originals, and the conformity with the
originals of all documents submitted to us as copies thereof. I am of the opinion that the
shares will be, when issued pursuant to the compensation plans, legally issued, fully
paid, and nonassessable.</p>

<p ALIGN="JUSTIFY">I hereby consent to the filing of this opinion as an exhibit to the
Registration Statement.<br>
</p>

<p align="left">Very truly yours,</p>

<p align="left">&nbsp;</p>

<p align="left"><u>/s/ Thomas J. Craft, Jr., P.A.<br>
</u>Thomas J. Craft, Jr., P.A.</p>

<p align="left">&nbsp;</p>
</div>

<p><br clear="all" style="page-break-before:always; mso-break-type:section-break">
</p>
<div><b>

<p></b>Exhibit 23.1</p>

<p ALIGN="CENTER">CONSENT OF COUNSEL (included in Exhibit 5.1)</p>
</div>

<p><br clear="all" style="page-break-before:always; mso-break-type:section-break">
</p>
<div>

<p>Exhibit 23.2</p>

<p ALIGN="CENTER"><u>CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS</u></p>

<table BORDER="0" CELLSPACING="0" BORDERCOLOR="#000000" CELLPADDING="0" WIDTH="100%"
height="0%">
  <tr>
    <td VALIGN="MIDDLE" COLSPAN="2" width="1012"><strong><font size="2">R. E. Bassie &amp; Co.</font></strong></td>
  </tr>
  <tr>
    <td VALIGN="MIDDLE" COLSPAN="2" width="1012"><strong><font size="2"><i>Certified Public
    Accountants</i></font></strong></td>
  </tr>
  <tr>
    <td VALIGN="MIDDLE" COLSPAN="2" width="1012"><font size="2">&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="667" VALIGN="MIDDLE"><font size="2"><p ALIGN="RIGHT">6776 Southwest Freeway,
    Suite 580</font></td>
    <td WIDTH="345" VALIGN="MIDDLE"></td>
  </tr>
  <tr>
    <td WIDTH="667" VALIGN="MIDDLE"><font size="2"><p ALIGN="RIGHT">Houston, Texas 77074-2115</font></td>
    <td WIDTH="345" VALIGN="MIDDLE"></td>
  </tr>
  <tr>
    <td WIDTH="667" VALIGN="MIDDLE"><font size="2"><p ALIGN="RIGHT">Tel: (713) 266-0691 Fax:
    (713) 266-0692</font></td>
    <td WIDTH="345" VALIGN="MIDDLE"></td>
  </tr>
  <tr>
    <td WIDTH="667" VALIGN="MIDDLE"></td>
    <td WIDTH="345" VALIGN="MIDDLE"></td>
  </tr>
</table>

<table CELLSPACING="0" BORDER="0" WIDTH="100%" height="0%" cellpadding="0">
  <tr>
    <td VALIGN="MIDDLE" width="1009">American International Industries, Inc.</td>
  </tr>
  <tr>
    <td VALIGN="MIDDLE" width="1009">Kemah, TX</td>
  </tr>
</table>

<p ALIGN="JUSTIFY">We hereby consent to the incorporation by reference in this
Registration Statement on Form S-8 of our report dated February 27, 2002, relating to the
consolidated financial statements of American International Industries, Inc., appearing in
the Company&#146;s Annual Report on Form 10-KSB for the fiscal year ended December 31,
2001. </p>
<u>

<p>/s/ R. E. Bassie &amp; Co.</p>
</u>

<p>Houston, Texas </p>

<p>January 15, 2003</p>
</div>
</body>
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{"company-data": {"conformed-name": "AMERICAN INTERNATIONAL INDUSTRIES INC", "cik": "0001073146", "assigned-sic": "6799", "irs-number": "880326480", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-102527", "film-number": "03515164"}, "business-address": {"street1": "601 CIEN ST", "street2": "SUITE 235", "city": "KEMAH", "state": "TX", "zip": "77565-2701", "phone": "2813349479"}, "mail-address": {"street1": "601 HANSON RD", "city": "KEMAH", "state": "TX", "zip": "77565-2701"}}
amin
SECURITIES AND EXCHANGE
    COMMISSION
Washington, DC 20549
FORM S-8
Registration Statement
Under the Securities Act
    of 1933
American International Industries,
    Inc.
(Exact name of Registrant as
    specified in its charter)
Nevada
88-0326480
(State or other jurisdiction of
    incorporation ororganization)
(I.R.S. Employer of incorporation or
    Identification Number)
601 Cien Street, Suite 235
Daniel Dror
Kemah, Texas 77565
601 Cien Street, Suite 235
281-334-9479
Kemah, Texas 77565
281-334-9479
(Address, including zip code, and
    telephone number,
including area code, of registrant's principal executive offices)
(Name, address, including zip code, and
    telephone number, including
area code, of agent for service)
Employee and Consultant
    Compensation Plan
(Full Title of the Plans)
Copies to:
Thomas J. Craft, Jr., P.A.
301 Clematis Street, Suite 3000
West Palm Beach, FL 33401
Phone (561) 651-7336
Fax (561) 655-3202
CALCULATION OF REGISTRATION FEE
Title of Securities To Be Registered
Amount Being Registered
(1)
Proposed Maximum Offering Price Per Share
(2)
Proposed Maximum Aggregate Offering Price
(2)
Amount of Registration Fee
Common Stock, par value $0.001 per share
20,000
$4.00
$80,000
$7.36
(1) Pursuant to Rule 416 under the Securities Act of 1933, as amended,
the number of shares of the issuer's Common Stock registered hereunder will be adjusted in
the event of stock splits, stock dividends or similar transactions.
(2) Estimated solely for the purpose of calculating the amount of the registration fee
pursuant to Rule 457(h), on the basis of the high and low prices of the Common Stock as
reported on the OTC Bulletin Board on January 14, 2003.
PART I
Information Required in the Section 10 (a) Prospectus
Item 1. Plan Information.
This Registration Statement on Form S-8 provides for the issuance of a
total of twenty thousand shares of common stock, par value $.001 per share of American
International Industries, Inc. (the "Company"), issuable to the principals of CR
Capital Services, Inc., our corporate securities compliance firm, as follows: eight
thousand shares to Thomas J. Craft, Jr., Esq., eight thousand shares to Richard Rubin and
four thousand shares to Ivo Heiden. Each of the foregoing individuals provide bona fide
services to the Company.
Item 2. Registrant Information and Employee Plan Annual Information.
The Company has provided a written statement to the above consultants
advising them of the availability, without charge, upon written or oral request, of the
documents incorporated by reference in Item 3 of Part II of the Registration Statement,
and stating that these documents are incorporated by reference in the Section 10(a)
prospectus.
PART II
Information Required in the Registration Statement
Item 3. Incorporation of Documents by Reference
The following documents filed by American International Industries,
Inc. with the Securities and Exchange Commission are incorporated in this Form S-8 by
reference:
1. The Company's annual report for the fiscal year end December 31,
2001;
2. All other reports filed pursuant to Section 13(a) or 15(d) of the
Securities Exchange Act of 1934 since the end of the fiscal year covered by the document
referred to in (1) above; and
3. The description of the Company common stock which is contained in
the registration statement or amendment to any registration statement filed under Section
12 of the Exchange Act, including any amendment or report filed for the purpose of
updating the description.
All documents subsequently filed by the registrant pursuant to Sections
13(a), 13(c), 14, and 15(d) of the Exchange Act, prior to the filing of a post-effective
amendment to the Registration Statement that indicate that all shares of common stock
offered have been sold or that deregister all of the shares then remaining unsold, shall
be deemed to be incorporated by reference in the Registration Statement and to be a part
of it from the date of filing of the documents.
Item 4. Description of Securities
Not Applicable.
Item 5. Interest of Named Experts and Counsel
Thomas J. Craft, Jr., Esq. has received 8,000 shares of Company common
stock pursuant to a consulting agreement between the Company and CR Capital Services,
Inc., the shares of which are being registered pursuant to this registration statement.
Mr. Craft has recently been appointed as a director of the Company.
Item 6. Indemnification of Directors and Officers
Section 78.7502 of the Nevada General Corporation Law allows the
Company to indemnify any person who was or is threatened to be made a party to any
threatened, pending, or completed action, suit, or proceeding by reason of the fact that
he or she is or was a director, officer, employee, or agent of the Company or is or was
serving at the request of the Company as a director, officer, employee, or agent of any
corporation, partnership, joint venture, trust or other enterprise. The Company may
advance expenses in connection with defending any such proceeding, provided the indemnitee
undertakes to pay any amounts if it is later determined that the person was not entitled
to be indemnified by the Company.
Item 7. Exemption from Registration Claimed
Not Applicable.
Item 8. Exhibits
The following exhibits are filed as part of this Registration
Statement:
Exhibit
Description
3(i) (*)
Certificate of
    Incorporation of the Company, and Amendments thereto.
3(ii) (*)
Amended and Restated
    By-laws of the Company
4.1 (*)
Common Stock
    Certificate, American International Industries, Inc.
5.1
Opinion regarding
    legality
23.1
Consent of Counsel
    (included in Exhibit 5.1)
23.2
Consent of R. E. Bassie
    & Co., P.C., independent public accountants
_____________________
(*) Filed previously on registration statement on Form 10-SB filed
on December 30, 1998, SEC File No. 0-25223.
Item 9. Undertakings
(a) The undersigned Registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made,
a post-effective amendment to this registration statement:
i. To include any prospectus required by Section 10(a)(3) of the
Securities Act;
ii. To reflect in the prospectus any facts or events arising after the
effective date of the Registration Statement (or the most recent post-effective amendment
thereof) which, individually or in the aggregate, represent a fundamental change in the
information set forth in the Registration Statement. Notwithstanding the foregoing, any
increase or decrease in volume of securities offered (if the total dollar value of
securities offered would not exceed that which was registered) and any deviation from the
low or high and of the estimated maximum offering range may be reflected in the form of
prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than 20 percent change in the maximum
aggregate offering price set forth in the "Calculation of Registration Fee"
table in the effective registration statement; and
iii. To include any material information with respect to the plan of
distribution not previously disclosed in the registration statement or any material change
to such information in the registration statement.
Provided, however, that paragraphs (a)(1)(i) and (ii) do not apply if
the registration statement is on Form S-3 or Form S-8, and the information required to be
included in a post-effective amendment by those paragraphs is contained in periodic
reports filed with or furnished to the Commission by the registrant pursuant to Section 13
or 15(d) of the Exchange Act that are incorporated by reference in the registration
statement.
(2) That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the offering of
such securities at that time shall be deemed to be the initial
bona fide
offering
thereof.
(3) To remove from registration by means of a post-effective amendment
any of the securities being registered which remain unsold at the termination of the
offering.
(b) The undersigned Registrant hereby undertakes that, for purposes of
determining liability under the Securities Act, each filing of the Registrant's annual
report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each
filing of an employee benefit plan's annual report pursuant to Section 15(d) of the
Exchange Act) that is incorporated by reference in the registration statement shall be
deemed to be a new registration statement relating to the securities offered therein, and
the offering of such securities at that time shall be deemed to be the initial
bona
fide
offering thereof.
(c) Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling persons of the
Registrant pursuant to the provisions described in Item 6 above, or otherwise, the
Registrant has been advised that in the opinion of the Securities and Exchange Commission
such indemnification is against public policy as expressed in the Securities Act and is,
therefore, unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the Registrant of expenses incurred or paid by a
director, officer or controlling person of the Registrant in the successful defense of any
action, suit or proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless in the
opinion of its counsel the matter has been settled by controlling precedent, submit to a
court of appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
Registrant certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in the City of Kemah,
State of Texas, on the 15th day of January 2003.
AMERICAN INTERNATIONAL INDUSTRIES, INC.
By:__________________________
Daniel Dror, Chief Executive Officer
By:__________________________
John W. Stump, III, Chief Financial Officer
Exhibit 5.1
Thomas J. Craft, Jr., P.A.
301 Clematis Street, Suite 3000
West Palm Beach, FL 33401
Phone: (561)
    651-7336 Fax: (561) 655-3202
January 15, 2002
U.S. Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549
Re:
American International Industries, Inc.
Commission File No. 0-25223
Registration Statement on Form S-8
Gentlemen:
I  have represented American International Industries, Inc., a
Nevada corporation ("Company"), in connection with the preparation of a
registration statement filed with the Securities and Exchange Commission on Form S-8 in
connection with the registration of 20,000 shares of the Company's common stock, par value
$.001 per share under the Securities Act of 1933, as amended. The shares are to be issued
to the individual principals of CR Capital Services, Inc., for their corporate securities
compliance services as follows: 8,000 shares to the undersigned, Thomas J. Craft, Jr.,
8,000 shares to Richard Rubin and 4,000 shares to Ivo Heiden, in consideration for
corporate securities compliance services to the Company.
In this connection, I have examined originals or copies identified to
our satisfaction of such documents, corporate and other records, certificates, and other
papers as we deemed necessary to examine for purposes of this opinion, including but not
limited to the consulting agreements, the Company's Articles of Incorporation and Bylaws
of the Company, and resolutions of the Board of Directors of the Company.
I have examined such records and documents and have made such
examination of laws as I have considered necessary to form a basis for the opinion set
forth herein. In my examination, I have assumed the genuineness of all signatures, the
authenticity of all documents submitted to us as originals, and the conformity with the
originals of all documents submitted to us as copies thereof. I am of the opinion that the
shares will be, when issued pursuant to the compensation plans, legally issued, fully
paid, and nonassessable.
I hereby consent to the filing of this opinion as an exhibit to the
Registration Statement.
Very truly yours,
/s/ Thomas J. Craft, Jr., P.A.
Thomas J. Craft, Jr., P.A.
Exhibit 23.1
CONSENT OF COUNSEL (included in Exhibit 5.1)
Exhibit 23.2
CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
R. E. Bassie & Co.
Certified Public
    Accountants
6776 Southwest Freeway,
    Suite 580
Houston, Texas 77074-2115
Tel: (713) 266-0691 Fax:
    (713) 266-0692
American International Industries, Inc.
Kemah, TX
We hereby consent to the incorporation by reference in this
Registration Statement on Form S-8 of our report dated February 27, 2002, relating to the
consolidated financial statements of American International Industries, Inc., appearing in
the Company's Annual Report on Form 10-KSB for the fiscal year ended December 31,
2001.
/s/ R. E. Bassie & Co.
Houston, Texas
January 15, 2003