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ALCO INTERNATIONAL GROUP INC. ANNOUNCES FEDERAL DISTRICT COURT RULING

 SAN DIEGO, Jan. 26 /PRNewswire/ -- Alco International Group Inc. (NASDAQ: ALIG) ("Alco") today announced that the Federal District Court of the Southern District of California ruled on Sovereign Equity Management Corp.'s motion to dismiss Alco's complaint. The court denied Sovereign's motion to dismiss causes of action for Conspiracy to Commit Unfair Trade Practices, Slander, Fraud and Fraud on the Market, Violation of the Racketeer and Corrupt Organizations Act (RICO), and Interference with Prospective Economic Advantage. The court granted Sovereign's motion to dismiss count four of the complain alleging violations of the Securities and Exchange Act. However, the court also granted Alco the opportunity to amend this count permitting Alco to re-allege this count against Sovereign at a later time. The court also granted Alco leave to amend the complaint in its entirety and to add new defendants. Alco filed the complaint in September against numerous brokerage firms and individuals who were shorting Alco's stock.
 Alco, through its subsidiaries, operates two primary businesses: the marketing of medical products for infection control and women's health; and the transportation of containerized cargo from South Florida to the Caribbean.
 -0- 1/26/93
 /CONTACT: John E. Sherman of Alco International Group, 619-695-9555/
 (ALIG)


CO: Alco International Group Inc.; Sovereign Equity Management Corp. ST: California IN: MAR MTC SU:

JL-KJ -- SD004 -- 9172 01/26/93 14:49 EST
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Publication:PR Newswire
Date:Jan 26, 1993
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