Monday, November 27, 2006

EXX Inc (EXX.a) Discloses 9% Stake in All American Semiconductor (SEMI)

In a 13D filing on All American Semiconductor, Inc. (Nasdaq: SEMI), EXX Inc. (Amex: EXX.A) (Amex: EXX-B) disclosed a 9.02% stake (361K shares) in the company.

EXX said it purchased the Shares based on the belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity.

In a press release on the positon, EXX said it, "hopes to consult with All American's management and Board of Directors to determine if EXX can be of assistance to All American and thereby increase shareholder value."

EXX said the aggregate purchase price of the 360,773 shares was $1,108,246.

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