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ALCO INTERNATIONAL GROUP INC. ANNOUNCES THE EXERCISING OF OPTIONS

 SAN DIEGO, July 16 /PRNewswire/ -- Alco International Group Inc. today announced that 300,000 options to buy common stock had been exercised. The exercise price of $1.94 brings an additional $582,000 to the company. At this time a total of 1,050,000 exercisable options are vested, which if exercised in full, could generated a total amount of $1,896,000. Although the company has been advised that some of these will be exercised shortly, there are no assurances this will occur.
 The company also has set the date for the annual shareholders meeting to be Aug. 3, 1993. The shareholder proxies are to be mailed Saturday, July 17, 1993.
 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- 7/16/93
 /CONTACT: Bob Cornellia of Alco, 619-695-9555/


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

JB-EH -- SD005 -- 2560 07/16/93 14:56 EDT
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Publication:PR Newswire
Date:Jul 16, 1993
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