EXHIBIT 99

                              FOR IMMEDIATE RELEASE
                      ALL AMERICAN ANNOUNCES STOCK BUY BACK

Miami,  FL - May 24, 1999 - All American  Semiconductor,  Inc. (The Nasdaq Stock
Market:SEMI),  a leading national  distributor of electronic  components,  today
announced  that its board of directors has authorized the repurchase of up to $2
million in purchase price of the Company's common stock.  The stock  repurchases
may, at the discretion of the Company's management, be made from time to time at
prevailing   prices  in  the  open  market  or  through   privately   negotiated
transactions.  The  Company's  management  will  base  its  decision  on  market
conditions,  the price of the  Company's  common  stock and other  factors.  The
Company  intends  to make  stock  repurchases  using  available  cash  flow from
operations and/or available borrowings under its credit facility.

"This program reflects the board's confidence in our long-term prospects and our
belief  that our  stock  is  currently  undervalued,"  said  Bruce M.  Goldberg,
President and Chief Executive Officer of All American.

All  American  is  recognized  as  the  nation's  6th  largest   distributor  of
semiconductors and the 15th largest electronic  components  distributor overall.
The Company has offices in 32 strategic locations throughout North America.

To  the  extent  that  this  press   release   discusses   future   performance,
expectations,  beliefs or intentions,  or otherwise makes  statements  about our
industry's or the Company's  future,  the statements are forward looking and are
subject to a number of risks and uncertainties  that could cause actual results,
performance or  achievements  to differ  materially  from the  statements  made.
Factors that could adversely affect the Company's future results, performance or
achievements include, without limitation,  the amount and timing of shipments of
previously booked customer orders,  the effectiveness of the Company's  business
and marketing strategies,  timing of delivery of products from suppliers,  price
increases from suppliers that cannot be passed on to the Company's  customers at
the same rate, the product mix sold by the Company, the Company's development of
new  customers,  existing  customer  demand as well as the  level of demand  for
products  of its  customers,  utilization  by the  Company  of excess  capacity,
availability  of  products  from  and  the   establishment  and  maintenance  of
relationships  with  suppliers,  price  erosion  in and  price  competition  for
products sold by the Company,  the ability of the Company to enter or expand new
market areas in a cost  effective  manner,  the ability of the Company to expand
its product  offerings and to continue to enhance its service  capabilities  and
the timing and cost thereof,  the ability of the Company to open new branches in
a  timely  and   cost-effective   manner,   the   availability   of  acquisition
opportunities and the associated costs,  management of growth and expenses,  the
Company's ability to collect accounts  receivable,  price decreases on inventory
that is not price protected,  gross profit margins, including decreasing margins
relating to the Company  being  required to have  aggressive  pricing  programs,
increased competition from third party logistics companies and e-brokers through
the  use  of  the  Internet  as  well  as  from  its  traditional   competitors,
availability  and  terms of  financing  to fund  capital  needs,  the  continued
enhancement of telecommunication,  computer and information systems and the cost
thereof,  the achievement by the Company and its vendors and customers and other
third  parties with which the Company has a business  relationship  of Year 2000
compliance in a timely and cost efficient manner,  the continued and anticipated
growth  of the  electronics  industry  and  electronic  components  distribution
industry,  the impact on certain of the  Company's  suppliers  and  customers of
economic  or  financial  turbulence  in  off-shore  economies  and/or  financial
markets, change in government tariffs or duties, currency fluctuations, a change
in interest rates, the state of the general economy,  the success of the Company
in avoiding the delisting of its common stock from The Nasdaq Stock Market,  the
success of the  Company in buying  back its common  stock  pursuant to its stock
repurchase  program,  and the other risks and factors  detailed in the Company's
filings with the Securities and Exchange Commission  (including reports on Forms
10-K  and  Forms  10-Q)  and  in its  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.



CONTACT:
Bruce M. Goldberg, CEO
Howard L. Flanders, CFO
(305) 621-8282 x1417