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ALCO INTERNATIONAL GROUP SIGNS LETTER OF INTENT WITH NTC CAPITAL

 ALCO INTERNATIONAL GROUP SIGNS LETTER OF INTENT WITH NTC CAPITAL
 SAN DIEGO, April 22 /PRNewswire/ -- Alco International Group Inc. (NASDAQ: ALIG) today announced the signing of a letter of intent with NTC Capital Corp. (Vancouver: NCP) of Vancouver, British Columbia. The letter of intent outlines the exclusive licensing contract in Canada for sales of the Barrier Integrity Monitor(TM), subject to a definitive agreement to be finalized.
 The terms of the contract call for payments to Alco of $50,000 Canadian upon the signing of a definitive agreement, $100,000 Canadian upon the latter of 60 days from the date of signing or clearance from the Food and Drug Administration for the marketing of the Barrier Integrity Monitor, and 100,000 shares of NTC Capital Corp. valued at a minimum of $1.50 per share Canadian. In addition, the definitive agreement will require that letters of credit will be provided to Alco on behalf of NTC Capital Corp. prior to commencement of shipping of the product to NTC Capital Corp. The contract will have performance clauses to maintain its exclusive status in Canada that will be defined in the final agreement.
 Alco, through its subsidiaries, operates two primary businesses: the marketing of medical products for the infection control and women's health and the transportation of containerized cargo from south Florida to the Caribbean.
 -0- 4/22/92
 /CONTACT: John E. Sherman of Alco International Group, 619-695-9555; or Hans Banziger of NTC Capital, 604-669-7628/
 (ALIG NCP.) CO: Alco International Group Inc.; NTC Capital Corp. ST: California, British Columbia IN: MTC TRN MAR SU: LIC


KJ-JL -- SD004 -- 1076 04/22/92 09:10 EDT
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Publication:PR Newswire
Date:Apr 22, 1992
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