AMERICAN INTERNATIONAL CONSOLIDATED INC.
Prospectus Supplement To Prospectus Dated March 13, 1997
American International Consolidated Inc. (the "Company") has filed its
Quarterly Report on Form 10-Q for the quarter ended January 31, 1997 with the
Securities and Exchange Commission. As reported in the Form 10-Q, the Company's
loss from operations for the three months ended January 31, 1997 was $887,000 as
compared with a profit from operations of $699,000 for the three months ended
January 31, 1996. For the nine months ended January 31, 1997, the Company's loss
from operations was $1.4 million (plus a previously reported, one time non-cash
loss of $1.1 million for private placement costs) as compared with a profit
from operations of $367,000 for the nine months ended January 31, 1996.
The Company currently estimates that its operations for the three-month
period from February 1997 through April 1997 resulted in a loss of approximately
$130,000. Although the Company had anticipated profitable operations for the
February-April 1997 period, it experienced unusual and unseasonably heavy rain
and other inclement weather which hampered a number of its projects for more
than 20 days. Without the work stoppages caused by these unusual weather
conditions, the Company believes it would have been profitable for the February
through April 1997 period.
As of April 30, 1997, the Company's backlog was approximately $18.0
million. The Company believes that, barring unforeseen occurrences, it will be
profitable during the three-month period from May through July 1997 as it
proceeds to work on its backlog.
This Prospectus Supplement should be read in conjunction with the Company's
Prospectus dated March 13, 1997.
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The date of this Prospectus Supplement is May 5, 1997
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