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ALCO INTERNATIONAL GROUP

 SAN DIEGO, Feb. 2 /PRNewswire/ -- Alco International Group Inc. (NASDAQ: ALIG) ("Alco") today announced that as of this date, no meetings have taken place with the potential tender offerors previously announced by Alco to have expressed an interest in Alco. As announced in Alco's Jan. 8, 1993, press release, certain unidentified persons, through their counsel, requested a meeting with Alco's management no later than Feb. 1, 1993, to commence negotiations concerning a potential offer to acquire in excess of 80 percent of Alco's outstanding common stock. Counsel for the potential acquirors also requested current financial and other information regarding Alco. Alco's management promptly provided the information requested and made several attempts to schedule a meeting with the potential acquirors. However, no such meetings have taken place and counsel for the acquirors has not revealed the identities of the potential acquirors to Alco. Alco is currently attempting to confirm the status of the parties' interest in pursuing negotiations.
 Alco, through its subsidiaries, operates two primary businesses: the manufacturing and 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- 2/2/93
 /CONTACT: Linda Love of Alco International, 619-695-9555/
 (ALIG)


CO: Alco International Group Inc. ST: California IN: HEA SU:

EH-JB -- SD005 -- 1977 02/02/93 14:35 EST
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Publication:PR Newswire
Date:Feb 2, 1993
Words:222
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