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Glass Lewis Also a NO VOTE on ALCO Board, According to Concerned ALCO Stockholders

July 22, 2014

Glass Lewis & Co. Recommends that ALCO Stores Stockholders Vote Gold Proxy

NEW YORK--(BUSINESS WIRE)-- Concerned ALCO Stockholders (“CAS”) is pleased to announce that Glass Lewis & Co., LLC (“GL”) has joined Institutional Shareholders Services, Inc. in affirming the need for a change of the incumbent Board of Directors of ALCO Stores, Inc. ("ALCO" or "the Company"; Nasdaq:ALCS).

GL’s report released Monday, July 21, 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.

Both Glass Lewis & Co. and Institutional Shareholders Services, Inc. recommend 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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