EXHIBIT 99

                              FOR IMMEDIATE RELEASE

                      ALL AMERICAN SEMICONDUCTOR ANNOUNCES
                        ONE-FOR-FIVE REVERSE STOCK SPLIT

MIAMI,  FLORIDA -- June 1, 1999-- All American  Semiconductor,  Inc. (The Nasdaq
Stock Market:  SEMI), a leading national  distributor of electronic  components,
today  announced  that a  one-for-five  reverse  stock split of its  outstanding
shares of common stock was approved at the annual meeting of shareholders of the
Company  held on June 1, 1999.  The reverse  stock split will be  effective  for
trading  in the  Company's  new  common  stock  at the  opening  of  trading  on
Wednesday,  June 2, 1999.  With the  completion  of the reverse  stock split the
Company will now have  approximately  3,969,463 shares of common stock, $.01 par
value, outstanding (including 32,141 shares held by a wholly-owned subsidiary of
the Company),  without  taking into account the rounding up to the nearest whole
share of any fractional interests resulting from the reverse stock split.

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.

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CONTACT:
Bruce M. Goldberg, CEO
Howard L. Flanders, CFO
(305) 621-8282 x 1417