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ALCO INTERNATIONAL GROUP ANNOUNCES COMPLETION OF PRIVATE PLACEMENT

 ALCO INTERNATIONAL GROUP ANNOUNCES COMPLETION OF PRIVATE PLACEMENT
 SAN DIEGO, June 4 /PRNewswire/ -- Alco International Group Inc. (NASDAQ: ALIG) today announced the completion of a $3 million private placement for 1 million restricted common shares of Alco. The private placement was placed with three investors and the funds will be used for capital investment in the inventory of the Barrier Integrity Monitor (BIM(TM)) for its intended commercial launch this summer, as well as for working capital and general corporate purposes. The BIM is an electronic device used to detect fluid-to-fluid contact between health care workers and patients for the purpose of reducing the risk of transmitting fluid-borne pathogens such as hepatitis, staff and HIV (AIDS) viruses. The BIM is currently being reviewed by the Food and Drug Administration (FDA) and a final clearance is expected shortly.
 In addition, the company stated that Dr. Dietmar Rabussay, one of the company's directors, and Robert Langdon, the BIM's inventor, are in Hannover, Germany, at the Interhospital Medical Fair. The fair is the largest medical exhibition in the world with more than 50 countries exhibiting medical products, and more than 75,000 visitors from 100 countries in attendance. It will be the first international demonstration of the BIM system and one of the units will remain in Germany for a Beta clinical trial.
 Alco, 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- 6/4/92
 /CONTACT: Virgil Williams, president of InCoMed, a subsidiary of Alco International Group, 619-695-9555/
 (ALIG) CO: Alco International Group Inc. ST: California IN: MTC MAR SU:


JL-KJ -- SD003 -- 6872 06/04/92 08:31 EDT
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Publication:PR Newswire
Date:Jun 4, 1992
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