8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15 (d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported): November 24, 2006

EXX INC

(Exact name of registrant as specified in its charter)

Nevada	1-5654	88-0325271
(State or other jurisdiction of organization)	(Commission File Number)	(I.R.S. Employer Identification Number)

1350 East Flamingo Road, Suite 689 Las Vegas, Nevada	89119-5263
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (702) 598-3223

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events

On November 24, 2006, EXX INC (the “Registrant”) issued a press release announcing that the Registrant has made an investment through open market purchases of approximately 9.02 % of the issued and outstanding common stock of All American Semiconductor, Inc. A copy of the press release is attached hereto and incorporated herein as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1 Press Release, dated November 24, 2006

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	EXX INC
Date: November 24, 2006	By:	/s/ David A. Segal
		Chairman of the Board
		Chief Executive Officer
		Chief Financial Officer

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release, dated November 24, 2006

EX-99.1

Exhibit 99.1

EXX INC

1350 East Flamingo Road

Suite 689

Las Vegas, NV 89119

EXX INC ANNOUNCES INVESTMENT IN

ALL AMERICAN SEMICONDUCTOR, INC.

Las Vegas, NV. - November 24, 2006- EXX INC (Amex EXX-A & EXX-B) today announced that it has acquired approximately 9.02% of the issued and outstanding common stock of All American Semiconductor, Inc. (Nasdaq-GM:SEMI) in open market transactions. Based on publicly available information, this investment makes EXX INC the largest shareholder of All American.

All American is recognized as the nation’s fourth largest distributor of semiconductors and the tenth largest global distributor of electronic components with operations throughout North America and in both Europe & Asia. All American’s sales for the nine months ended September 30, 2006 exceeded $350 Million.

EXX INC hopes to consult with All American’s management and Board of Directors to determine if EXX can be of assistance to All American and thereby increase shareholder value.

This press release may contain certain forward-looking statements which are covered under the safe harbor provisions of the Private Securities Legislation Reform Act of 1995. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be realized. Forward-looking statements involve known and unknown risks, which may cause the Company’s actual results and corporate developments to differ materially from those expected. Factors that could cause results and developments to differ materially from the Company’s expectations include, without limitation, changes in manufacturing and shipment schedules, delays in completing plant construction and acquisitions, new product and technology developments, competition within each business segment, cyclicality of the markets for the products of a major segment, litigation, significant cost variances, the effects of acquisitions and divestitures, performance of investments, and other risks. Except as required by law, the Company undertakes no obligation to update any forward-looking statements.