News Column

ISS: No Confidence in ALCO Stores’ Current Board of Directors, According to Concerned ALCO Stockholders

July 21, 2014

Institutional Shareholder Services Recommends that ALCO Stores Stockholders Vote the Gold Proxy

NEW YORK--(BUSINESS WIRE)-- Concerned ALCO Stockholders (“CAS”) is pleased that Institutional Shareholder Services, Inc. ("ISS") has again affirmed the need for meaningful change in the governance at the Board of Directors of ALCO Stores, Inc. ("ALCO" or "the Company")(Nasdaq:ALCS).

Prior to ALCO’s 2013 Annual Meeting of Stockholders, ISS recommended that ALCO investors withhold their votes for the incumbent Board of Directors.

ISS in its report released Friday, July 18, again recommends that investors DO NOT VOTE for any of the incumbent Directors of the Company this year, including Messrs. Royce Winsten, Richard E. Wilson, Dennis E. Logue, Lolan C. Mackey, Terrence M. Babilla, Paul T. Davies, and Leslie A. Ball.

ISS also recommends ALCO investors use the GOLD proxy card for voting.

CAS was formed explicitly to provide ALCO investors with a viable and experienced slate of nominees who stand ready to develop and implement strategies toward significantly improving the Company’s operational and financial position and, more importantly, its long term sustainability.

In addition, CAS seeks to restore consumer confidence in ALCO through renewed and increased adherence to the Company’s stated mission of being the best general merchandiser to small town America.

We encourage ALCO investors to review the PowerPoint presentation CAS filed with the SEC on July 9th. It can be accessed here:

InvestorCom, Inc.

John Grau, 203-972-9300

Source: Concerned ALCO Stockholders

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Source: Business Wire

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