ABILENE, Kan., April 26, 2006 (PRIMEZONE) -- Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) held its Fourth Quarter and Fiscal 2006 Earnings Call on Tuesday, April 25, 2006. Issues discussed on the Call not previously announced include: the reaffirmation of its intent to continue its stock repurchase program and the authorization to repurchase up to 200,000 additional shares of stock, as approved by the Company's Board of Directors at its Board meeting on March 23, 2006; the Company's consideration of selling and leasing back several store properties in order to generate approximately $15 million in cash for repayment of debt; and the tentative plan to open 15-20 new stores in Fiscal 2008.
A replay of the call is available through May 9 by dialing 888-203-1112. International/local callers should dial 719-457-0820. The Replay Passcode is 7512594.
About Duckwall-ALCO Stores
Duckwall-ALCO Stores, Inc. is a regional retailer that specializes in offering an exceptional product selection at reasonable prices to smaller communities throughout the central United States. Our specialty is delivering those products with the friendly, personal service found in the stores of yesteryear, but with the modern convenience our customers have come to expect. With 254 stores across 21 states, we are proud to have continually provided high quality products at good value prices to our customers for 105 years.
Forward-looking Statements
This press release contains forward-looking statements, as referenced in the Private Securities Litigation Reform Act of 1995 (the "Act"). Any forward-looking statements are made by the Company in good faith, pursuant to the safe-harbor provisions of the Act. These forward-looking statements reflect management's current views and projections regarding economic conditions, retail industry environments and Company performance. Factors, which could significantly change results, include but are not limited to: sales performance, expense levels, competitive activity, interest rates, changes in the Company's financial condition and factors affecting the retail category in general. Additional information regarding these and other factors may be included in the Company's quarterly 10-Q filings and other public documents, copies of which are available from the Company on request.