American Locker Group Incorporated manufactures lockers, locks and keys with a range of applications for use in various industries. The company serves customers in various industries in all 50 states and in Canada, Mexico, Europe, Asia and South America. The company’s products can be categorized as mailboxes, lockers or contract manufacturing services. Mailboxes are used for the delivery of mail, packages and other parcels to multi-tenant facilities. Lockers are used for applications other than mail delivery, and most of its lockers are key-controlled checking lockers. Contract manufacturing services involve producing fabricated sheet metal parts and enclosures for third parties. The company also provides locker concession services to certain of its customers whereby the company retains ownership of the lockers and receives a portion of the revenue generated by the locker operations. Products and Services Recreation lockers — These are stainless steel, painted steel or aluminum and plastic lockers typically secured by a mechanical lock for storage by patrons of amusement parks, water parks, ski resorts and swimming pools. Electronic distribution lockers — These are used to distribute items, such as industrial supplies and library books using an electronic locking mechanism. Evidence lockers — These are used by law enforcement agencies to securely store evidence. Laptop lockers — These are used by large corporations, libraries and schools to recharge laptop computers in a secure storage environment. Mini-check lockers — These are used by health clubs, law enforcement, the military and intelligence agencies to securely store small items, such as cell phones, wallets and keys. Coin operated keys and locks — These are manufactured for use in new lockers or for replacement in existing lockers. United States Postal Service (USPS) approved multi-tenant mailboxes — These are installed in apartment and commercial buildings and consist of the USPS-approved Horizontal 4c, Horizontal 4b+ and Vertical 4b+ models. Private mail delivery mailboxes — These are used for the internal distribution of mail in colleges and universities, as well as large corporate offices. Contract manufacturing services — These include 1precision fabricated sheet metal parts and enclosures provided to original equipment manufacturers and other third-party customers. Selected end user types include amusement parks, water parks, law enforcement, health clubs, ski resorts, colleges and universities, military, post offices, and oil field services. Locker concession services — The company occasionally provides lockers under concession arrangements whereby the company retains ownership of the lockers, manages the locker operations for its customer, and receives a portion of the revenue generated by the locker operations. In February 2014, the company sold the lockers, kiosks and other assets related to a locker concession arrangement to a third party and entered into a subcontract agreement, pursuant to which the third party agreed to perform the locker concession and management services previously performed by the company for a theme-park operator. Distribution and Geographic Areas The company sells its lockers directly to end users. Mailboxes are sold through a nationwide distributor network. The company sells lockers in foreign countries, including Aruba, Canada, Chile, Germany, Guatemala, Hong Kong, India, Indonesia, Israel, Mexico, New Zealand, Peru and the United Kingdom. Research and Development The company engages in research and development activities relating to new and improved products. It expended $177,874 in 2013 for such activity in its continuing businesses. Seasonality Sales of lockers are greatest during the spring, summer and fall months and lowest during the winter months. The company generally experiences lower sales and net income in the first quarter ending in March. History The company, a Delaware corporation, was founded in 1898. The company was incorporated in 1958. It was formerly known as Automated Voting Machine Corporation and changed its name to American Locker Group Incorporated in 1985.
american locker group inc (ALGI:OTC US)
2701 Regent Boulevard
DFW Airport, TX 75261
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