Sale is expected to close today MIAMI, June 6 /PRNewswire-FirstCall/ -- All American Semiconductor, Inc. (Pink Sheets: SEMI.PK), a distributor of semiconductors and other electronic components, received U.S. Bankruptcy Court approval on June 5, 2007 to proceed with the sale of substantially all of its assets to a two-party consortium of Rock River Capital LLC and the Company's senior secured lenders for which Harris N.A. acts as agent. An order formally approving the sale is expected to be entered today. The sale is expected to close today. The aggregate purchase price from the auction is $15.2 million and will be paid to Harris N.A. as agent for the senior secured lenders in the form of a reduction in the senior secured lenders' secured claim. As previously disclosed in a June 4, 2007 press release, 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. Rock River did not purchase the Company's commercial tort claims, avoidance actions, accounts receivable and certain other miscellaneous assets. 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 the Company or its business as a going concern, such statements are forward-looking statements. All forward- looking statements are subject to risks and uncertainties that could cause actual results, performance, achievements or transactions to differ materially from the statements made. Factors that could adversely affect the Company's future results, performance, achievements or transactions include, without limitation: the failure of the Company and each of the successful bidders to enter into a definitive purchase and sale agreement for the assets to be acquired; the failure of a successful bidder to consummate the purchase of the assets as to which it was a successful bidder for financial or other reasons or, if consummated, to operate the assets as part of a going concern; and other uncertainties, risks and factors, including those 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 of Franco Public Relations, +1-313-567-5080, +1-313-377-5869 mobile, , for All American Semiconductor, Inc.

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