MIAMI, June 8 /PRNewswire-FirstCall/ -- All American Semiconductor, Inc. (Pink Sheets: SEMI.PK), a distributor of semiconductors and other electronic components, completed on June 6, 2007 the sale of substantially all of its assets to Rock River Capital LLC and the Company's senior secured lenders for which Harris N.A. acts as agent. The aggregate purchase price was $15.2 million, which will be paid to the senior secured lenders in the form of a reduction in their secured claim. As previously stated, Rock River Capital was the successful bidder for substantially all of the Company's operating assets and is expected to continue to operate the acquired assets as a going concern business utilizing All American's 42 years of experience and service to the industry. The Company's senior secured lenders were the successful bidders for the Company's accounts receivable. None of the Company's commercial tort claims or avoidance actions was sold. "FORWARD-LOOKING" STATEMENTS DISCLAIMER This press release contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, the words "expected," "intends, "may," "will," "shall," and similar expressions, to the extent used, are intended to identify the forward- looking statements. In addition, to the extent that this press release makes statements about or refers to the Chapter 11 bankruptcy filing and results or effects thereof, a sale of the Company's and its subsidiaries' assets or any other transaction, or otherwise makes statements about or refers to future expectations, beliefs or intentions about a going concern business, such statements are forward-looking statements. All forward-looking statements are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from the statements made. Such risks and uncertainties have been previously described in the Company's prior SEC reports and filings and other press releases. These risks and uncertainties are beyond the ability of the Company to control. In many cases, the Company cannot predict the risks and uncertainties that could cause actual results to differ materially from those indicated by the forward- looking statements. The Company undertakes no obligation to update publicly or revise any forward-looking statements, business risks and/or uncertainties. DATASOURCE: All American Semiconductor, Inc. CONTACT: Maria Leonhauser, +1-313-567-5080, mobile, +1-313-377-5869, or , for All American Semiconductor, Inc.

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