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ALCO INTERNATIONAL GROUP INC. RESPONDS TO INQUIRIES REGARDING POSSIBLE TAKEOVER, FILES REGISTRATION STATEMENT FOR RIGHTS OFFERING

 SAN DIEGO, Dec. 2 ~PRNewswire~ -- Alco International Group Inc. (NASDAQ: ALIG) (the "company") today responded to inquiries from the investment community by advising that although certain persons have expressed to the company an interest in the possible acquisition of all of, or a controlling interest in, the company, and although the company continues to respond to such inquiries on a preliminary basis, no offer has been made at this time.
 The company also announced today that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission (the "commission") for the registration of rights to be granted to the company's shareholders and shares of the company's common stock issuable upon exercise of the rights. Shareholders of record on Dec. 15, 1992 will receive one right for every share of the company's common stock owned by them on that date; the registration statement, which erroneously identified the record date as Nov. 15, 1992, will be corrected by amendment. Five rights will entitle the holder to purchase one share at an exercise price to be determined by the company upon the effective date of the registration statement. The company presently anticipates that the exercise price will be between $5 and $8. The rights will be freely transferable and exercisable upon the effective date of the registration statement and will expire 45 days thereafter. In addition to the rights offering, the registration statement registers 1,592,500 of shares for the account of certain selling shareholders.
 A registration statement relating to these securities has been filed with the commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.
 The company, through its subsidiaries, operates two primary businesses: the marketing of medical products for infection control and for women's health; and the transportation of containerized cargo from South Florida to the Caribbean.
 -0- 12~2~92
 ~CONTACT: Linda L. Love of Alco International Group, 619-695-9555~
 (ALIG)


CO: Alco International Group Inc. ST: California IN: MAR MTC SU: OFR

MS-LS -- SD001 -- 2758 12~02~92 09:01 EST
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Publication:PR Newswire
Date:Nov 30, 1992
Words:408
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