American Locker Security Systems, Inc. Wins The United States Small Business Administration's Award.

Business Editors

JAMESTOWN, N.Y.--(BUSINESS WIRE)--May 30, 2002

American Locker Security Systems, Inc., a wholly owned subsidiary of American Locker Group Incorporated (NasdaqNM:ALGI), the world's premier provider of security storage lockers and postal delivery systems, today announced that the SBA (United States Small Business Administration) has selected ALSS as Prime Contractor of the Year for SBA Region II which includes New York, New Jersey, Puerto Rico, and the US Virgin Islands.

ALSS was also chosen as one of the finalists for the national award. The United States Postal Service nominated American Locker as a candidate for the annual award in the category Small Business Prime Contractor.

ALSS was selected this year's winner for its excellence in the following areas: overall management, cost performance, financial strength, labor relations, customer interface, technical capabilities, resource utilization, delivery performance, special achievements and exceptional results.

The SBA selects a Prime Contractor within its 10 territories and honors the winners during the Spring Conference in Washington, DC.

American Locker Security Systems is a USPS approved supplier of Cluster Box Units. The high impact, polycarbonate CBUs secure and maintain privacy of incoming letters with locked mail compartments. Parcel compartments allow packages to be delivered securely and a separate compartment accepts outgoing mail.

All-weather units feature stainless steel fittings and master load doors. Four CBU units are available with compartments ranging from 8 - 16 openings. An OPL (Outdoor Parcel Locker), 2 compartment parcel unit is manufactured from molded polycarbonate with an aluminum mounting base providing durable protection for parcel delivery.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Except for historical information contained in this press release, the matters discussed herein which contain forward-looking statements, including without limitation, statements relating to the Company's plans, strategies, objectives, exceptions, intentions and adequacy of resources, are made pursuant to the Safe Harbor Provisions of the Private Securities Litigations Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including without limitation the following: (i) the Company's plans, strategies, objectives, expectations, and intentions are subject to change at any time at the discretion of the Company, (ii) the Company's plans and results of operations will be affected by the Company's ability to manage its growth and inventory and (iii) other risks and uncertainties indicated from time to time in the Company's filings with the Securities and Exchange Commission.