EXHIBIT 99.1

         All American Semiconductor, Inc. Files Voluntary Chapter 11 for
                           U.S. and Foreign Operations

                      First Day Motions Filed Concurrently

       Debtor-in-Possession Financing Secured Through Existing Bank Group

              Seeks Approval of a Procedure For Going Concern Sale

MIAMI-- April 25, 2007 -- All American Semiconductor, Inc. (NASDAQ-GM: SEMI), a
distributor of semiconductors and other electronic components, today announced
that it has filed voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code with the United States Bankruptcy Court for the Southern
District of Florida, Miami Division. The filing includes All American's 33
subsidiaries in the United States, Canada, Mexico, Europe and Asia. All American
determined to file for relief under Chapter 11 after extensively exploring and
carefully evaluating all of its options. All American believes that the Chapter
11 process provides the best alternative for maximizing the value of the Company
for the benefit of its stakeholders including suppliers, customers and
employees.

Simultaneous with the filing of its petitions, All American filed first day
motions seeking relief that will enable it to continue operations during the
Chapter 11 process, including debtor in possession financing from its existing
bank group and the payment of employee related obligations, which All American
expects the Court to grant. All American expects to continue to pay its
post-petition obligations in the ordinary course.

In addition, All American has filed a motion seeking Court approval of a
procedure for the sale of its businesses as a going concern to be completed no
later than June 8, 2007. In that regard, All American has entered into a
nonbinding letter of intent with a third party to acquire substantially all of
All American's and its subsidiaries' assets through a Chapter 11 sale process
including Court approved bidding procedures. The net proceeds from such proposed
sale are not expected to pay in full the outstanding debt of All American's bank
group at the time of closing of such sale. The proposed sale is subject to a
number of conditions, including but not limited to: (a) the potential
purchaser's completion of satisfactory due diligence, (b) the parties entering
into a definitive purchase and sale agreement, (c) approval of the sale by the
Company's bank group, (d) approval of the sale by the United States Bankruptcy
Court and (e) other customary conditions, terms and consents.

"The decision to file was a necessary step for our customers, suppliers, and
employees," said Bruce Goldberg, President and CEO of All American. "We will
continue working with our suppliers to service our customers throughout the
Chapter 11 process in order to maximize the value of All American and its
subsidiaries and to maintain the going concern value of the Company pending a
sale."



To provide All American with liquidity during the sale process, All American has
negotiated a debtor-in-possession (DIP) financing of up to $25 million with its
existing bank group, which is also subject to Bankruptcy Court approval.

All American's decision to file voluntary petitions for relief under Chapter 11
followed the expiration of its second forbearance agreement with its lenders
which had provided additional liquidity to the Company in the short term. Prior
to its Chapter 11 filing, All American explored a variety of strategic
alternatives, including a sale, additional financing, refinancing or
recapitalization.

Squire, Sanders & Dempsey, LLP is acting as bankruptcy and restructuring counsel
and Raymond James & Associates, Inc. continues to act as financial advisor to
All American.

As previously reported, All American has not completed its year-end audit and
did not file its Form 10-K by April 17, 2007, the extended due date pursuant to
Form 12b-25 which the Company previously filed with the Securities and Exchange
Commission. As a result and as previously announced, All American received a
Staff Determination Letter from The NASDAQ Stock Market providing that, unless
the Company requested an appeal of the Staff determination of its noncompliance
with the continued listing requirements set forth in NASDAQ Market Place Rule
4310(c)(14) by 4:00 p.m. Eastern Time on April 25, 2007, trading of the
Company's common stock would be suspended at the opening of business on April
27, 2007 and the Company's common stock would be delisted from The NASDAQ Stock
Market. All American does not plan to request an appeal.

More information on All American's Chapter 11 case, including access to Court
documents and other general information, is available on the website of the
United States Bankruptcy Court for the Southern District of Florida at
[http://www.flsb.uscourts.gov.]

About All American Semiconductor, Inc.

All American is a Delaware corporation with its principle place of business in
Miami, Florida. It also maintains corporate offices for West Coast operations in
San Jose, California. All American is a distributor of electronic components
manufactured by others. The Company distributes a full range of semiconductors
including transistors, diodes, memory devices, microprocessors,
microcontrollers, other integrated circuits, active matrix displays and various
board-level products. All American also distributes passive components such as
capacitors, resistors and inductors; and electromechanical products such as
power supplies, cable, switches, connectors, filters and sockets. All American
also offers complete solutions for flat panel display products. In total, the
Company offers approximately 40,000 products produced by approximately 60
manufacturers. These products are sold primarily to original equipment
manufacturers in a diverse range of industries such as manufacturers of
computers and computer-related products, networking, satellite, wireless and
other communications products; Internet infrastructure equipment and appliances;
automobiles and automotive subsystems; consumer goods; voting and gaming
machines; defense and aerospace equipment; and medical instrumentation. The
Company also sells products to contract electronics manufacturers who
manufacture products for companies in all electronics industry segments.

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                                            # # #

"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995

This press release contains statements that are forward-looking within the
meaning of Section 27A of the Securities Act of 1993, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These forward-looking
statements are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. 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, DIP
financing from the existing bank group, a sale of substantially all of the
assets of the Company and its subsidiaries, Bankruptcy Court approval of any DIP
financing, asset sale or any other transaction, or otherwise makes statements
about or refers to future expectations, beliefs or intentions about the
Company's future operations or liquidity situation or issues, such statements
are forward-looking statements. All forward-looking statements are subject to a
number of 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: failure of the Company
to obtain Bankruptcy Court approval of the DIP financing agreement or any sale
of its assets or any other transactions or activities involving the Company; the
Company's failure to access sufficient funds from any Bankruptcy Court approved
DIP financing to provide it with funding to facilitate the Chapter 11 bankruptcy
process and proposed sale process; the Company's ability to satisfy the
subsequent conditions that would allow it to continue to access additional DIP
financing from its lenders; the failure of the potential third party purchaser
of the Company's assets to be satisfied with its due diligence; the failure of
the Company and its subsidiaries to reach and execute a mutually satisfactory
definitive purchase and sale agreement with the potential third party purchaser
or consummate the transaction at all or on the terms set forth in the letter of
intent; the failure to satisfy all of the conditions to complete the sale of the
Company's assets to the third party, some of which are set forth in this press
release; the level and extent of effectiveness of certain cost cutting measures
by the Company implemented or required to be implemented and the impact of those
cost cutting measures on the ability of the Company to operate while it attempts
to complete a sale of its assets; the Company's ability to preserve the value of
its assets while it attempts to complete a sale of its assets; the failure of
the Company to better align the Company's expenses with its current operating
environment; the Company's failure to obtain competing bids from third parties
for the purchase of its assets in order to obtain the best possible price in the
sale process; the Company's failure to find purchasers of its assets that will
continue to be financial sound and in a stronger position than the Company to
employ its employees on an on-going basis; further and continuing deterioration
in the Company's relationships with existing suppliers and customers; additional
losses of suppliers and customers; the continuing and increasing slowdown in
sales or that slowdown being greater than the Company expects; the closing of
additional sales offices and/or other facilities; further voluntary or
involuntary reductions of the Company's workforce; and other uncertainties,
risks and factors, including those described in the Company's reports on Forms
10-K, Forms 10-Q, Forms 8-K and other press releases. These risks and
uncertainties are beyond the ability of the Company to control. In many cases,

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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.

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