ALCO Stores, Inc. Announces Plans to Voluntarily Delist Its Stock if Merger is Approved

ALCO Stores, Inc. Announces Plans to Voluntarily Delist Its Stock if Merger is
Approved

COPPELL, Texas, Oct. 21, 2013 (GLOBE NEWSWIRE) -- ALCO Stores, Inc.
(Nasdaq:ALCS) (the "Company") today announced its intention to voluntarily
delist its common stock from the NASDAQ Stock Market ("NASDAQ") on or about
October 31, 2013. The delisting of the Company's shares is subject to
stockholder approval of the proposed merger with an affiliate of Argonne
Capital Group, LLC ("Argonne"). The proposed merger was previously announced
on July 25, 2013, and a special meeting of stockholders is scheduled for
October 30, 2013.

If the Company's stockholders vote to approve the proposed merger, the Company
anticipates consummating the merger on or about October 31, 2013. If the
proposed merger is consummated, the Company will become a wholly-owned
subsidiary of an affiliate of Argonne and the Company's common stock will
cease to be publicly traded.

In the event the Company's stockholders approve the proposed merger, the
Company intends to file a Form 25 with the Securities and Exchange Commission
("SEC") on or about October 31, 2013 to effect the voluntary delisting of its
common stock from NASDAQ. The official delisting of the Company's common stock
will become effective approximately ten days thereafter.

About ALCO Stores, Inc.

Founded in 1901, ALCO Stores, Inc. is a broad-line retailer, primarily serving
small underserved communities across 23 states, which specializes in providing
a superior selection of essential products for everyday life in small-town
America. The Company has 209 ALCO stores that offer both name brand and
private label products of exceptional quality at reasonable prices. ALCO is
proud to have continually provided friendly, personal service to its customers
for the past 112 years. ALCO has its distribution center in Abilene, Kansas,
and is in the process of moving its headquarters from Abilene to suburban
Dallas, Texas. To learn more about the Company visit www.ALCOstores.com.

Forward-looking statements

All of the statements in this release, other than historical facts, are
forward-looking statements made in reliance upon the safe harbor of the
Private Securities Litigation Reform Act of 1995, including, without
limitation, the statements made concerning the Company's intent to consummate
the proposed merger. Forward-looking statements can be identified by the
inclusion of "will," "believe," "intend," "expect," "plan," "project" and
similar future-looking terms. You should not rely unduly on these
forward-looking statements. These forward-looking statements reflect
management's current views and projections regarding economic conditions,
retail industry environments, and the Company's performance. Forward-looking
statements inherently involve risks and uncertainties, and, accordingly,
actual results may vary materially. Among others, the following uncertainties
and other factors could cause actual results to differ from those set forth in
the forward-looking statements: (i) the risk that the merger may not be
consummated in a timely manner, if at all; (ii) the risk that the merger
agreement may be terminated in circumstances that require the Company to pay
Mallard Parent, LLC ("Parent") a termination fee of up to $2.25 million or
reimbursement of Parent's expenses of up to $1 million; (iii) risks related to
the diversion of management's attention from the Company's ongoing business
operations; (iv) risks regarding the failure of Parent to obtain the necessary
equity and debt financing to complete the merger; (v) the effect of the
announcement of the merger on the Company's business relationships (including,
without limitation, customers and suppliers), operating results and business
generally; and (vi) risks related to obtaining the requisite consents to the
merger. Further risks that could cause actual results to differ materially
from those matters expressed in or implied by such forward-looking statements
are set forth under "Risk Factors" in the Company's Form 10-K for the fiscal
year ended February 3, 2013, and its subsequent quarterly reports on Form
10-Q. The Company does not undertake, and hereby disclaims, any duty to update
these forward-looking statements, although its situation and circumstances may
change in the future.

Additional Information and Where to Find It

In connection with the proposed merger, on October 1, 2013, the Company filed
with the SEC a definitive proxy statement on Schedule 14A. On or about October
2, 2013, the Company mailed the definitive proxy statement and a proxy card to
each stockholder entitled to vote at the special meeting relating to the
merger. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THESE
MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER
RELEVANT DOCUMENTS IN CONNECTION WITH THE MERGER THAT THE COMPANY WILL FILE
WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION ABOUT THE COMPANY AND THE MERGER. The definitive proxy statement,
the preliminary proxy statement and other relevant materials in connection
with the merger (when they become available), and any other documents filed by
the Company with the SEC, may be obtained free of charge at the SEC's website
at www.sec.gov. In addition, investors and security holders may obtain free
copies of the documents filed with the SEC at the Investor Relations portion
of the Company's website, www.alcostores.com, or by requesting them in writing
or by telephone from the Company at ALCO Stores, Inc., Attn: Corporate
Secretary, 751 Freeport Parkway, Coppell, Texas 75019, (469) 322-2900.

The Company and its directors and executive officers may be deemed to be
participants in the solicitation of proxies from the Company's stockholders
with respect to the merger. Information about the Company's directors and
executive officers and their ownership of the Company's common stock is set
forth in the proxy statement for the Company's 2013 Annual Meeting of
Shareholders, which was filed with the SEC on May 10, 2013. Information
regarding the identity of the potential participants, and their direct or
indirect interests in the merger, by security holdings or otherwise, will be
set forth in the proxy statement and other materials to be filed with SEC in
connection with the merger.

CONTACT: Wayne S. Peterson
         Senior Vice President - Chief Financial Officer
         469-322-2900 ext. 1071
         email: wpeterson@alcostores.com
         or
         Debbie Hagen
         Hagen and Partners
         913-642-6363
         email: dhagen@hagenandpartners.com

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