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ALCO INTERNATIONAL GROUP INC. WITHDRAWS REGISTRATION STATEMENT FOR RIGHTS OFFERING

 SAN DIEGO, April 23 /PRNewswire/ -- Alco International Group Inc. (NASDAQ: ALIG) (the "company") has withdrawn its earlier announced registration statement on Form S-1 with the Securities and Exchange Commission (the "commission") for the registration of rights to be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, filed with the commission on Dec. 1, 1992. In addition to the rights offering, the registration statement had covered 1,592,500 shares for the account of certain selling shareholders.
 The company stated that in light of present market conditions for biomedical stocks, the offering would not be advantageous or productive for shareholders. The company emphasized that its focus will remain centered on the goal of manufacturing and distributing product and that successful marketing and product growth will yield the most dependable and direct path for shareholders' success.
 Alco International Group Inc., through its subsidiaries, operates two primary businesses: the manufacture and marketing of medical products for infection control and women's health, fertility and conception products; and the transportation of containerized cargo from South Florida to the Caribbean.
 -0- 4/23/93
 /CONTACT: William Spencer of Alco International Group, 619-695-9555/
 (ALIG)


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

BP-KJ -- SD005 -- 0327 04/23/93 18:43 EDT
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Publication:PR Newswire
Date:Apr 23, 1993
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