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ALCO INTERNATIONAL GROUP ANNOUNCES REVERSE STOCK SPLIT

 ALCO INTERNATIONAL GROUP ANNOUNCES REVERSE STOCK SPLIT
 SAN DIEGO, Dec. 6 /PRNewswire/ -- Alco International Group Inc. (NASDAQ: ALIG) (the "company") announced today that it has declared a reverse stock split by which every four outstanding shares of the company's common stock, $.001 par value, shall be exchanged for one new share of the company's common stock, $.001 par value, thereby increasing the per share price of the common stock. The company will not issue any fractional shares but will issue one full share for any fractional shares otherwise resulting from this action. The effective date of this reverse stock split is Dec. 6, 1991.
 Additionally, the company today announced the loss of the M/V ALCO TRADER, which was reported to have sunk on the morning of Dec. 3, 1991. The ALCO TRADER was one of two vessels owned by the company through its wholly owned subsidiaries.
 The ALCO TRADER, which was under charter to The Tontine Group Ltd., was en route to Haiti. Her six-person crew was rescued by the United States Coast Guard. No report has been made to the company as to the cause of the sinking.
 The vessel and crew were insured against this event, and the company therefore anticipates no financial loss as a result of the incident.
 The company, through its subsidiaries and affiliates, operates two businesses: a tariff freight service to the Bahamas and a port cargo terminal at Dania, Fla.; and the development and marketing of medical products for women's health and infection control.
 -0- 12/6/91
 /CONTACT: Robert L. Donnell, president of Alco International Group, 619-546-4848; or Russell P. McCain, president of Alco Marine Agents, 305-949-5451/
 (ALIG) CO: Alco International Group Inc. ST: California IN: MAR MTC SU:


KJ-CH -- SD002 -- 0096 12/06/91 12:10 EST
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Publication:PR Newswire
Date:Dec 6, 1991
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