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ALCO INTERNATIONAL RECEIVES NOTICE THAT SCOTTSDALE GROUP HAS ACQUIRED SHARES

 SAN DIEGO, Feb. 17 /PRNewswire/ -- Alco International Group Inc. (NASDAQ: ALIG) ("Alco") today announced that it has received notice from The Scottsdale Group stating that the group has acquired, through a voting trust, control of approximately 10 percent of Alco's outstanding common shares and is in the process of filing a 13D with the Securities and Exchange Commission. A representative for the group said that he anticipates the filing to be complete by Friday, Jan. 19. The Scottsdale Group has stated its objective is to buy controlling interest in Alco.
 Alco, through its subsidiaries, operates two primary businesses: the
marketing of medical products for i 2/17/93
 /CONTACT: John E. Sherman of Alco International Group, 619-695-9555/
 (ALIG)


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

KJ-EH -- SD003 -- 7245 02/17/93 10:50 EST
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Publication:PR Newswire
Date:Feb 17, 1993
Words:141
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