Duckwall-ALCO Annual Meeting to Be Held May 23, 2006

Six Directors to Stand for Re-election


ABILENE, Kan., May 17, 2006 (PRIMEZONE) -- Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) today announced that Bruce C. Dale, President and CEO, will address shareholders at the Company's annual meeting on May 23 at 10:00 a.m. CDT at the Company's headquarters, 401 Cottage Avenue, Abilene, Kansas. At the meeting Dale will discuss financial results for Fiscal Year 2006, ended January 29, 2006 and provide an update on Duckwall-ALCO's progress with its ongoing growth, repositioning plans and initiatives. Results of the election of directors will also be announced.

About Duckwall-ALCO Stores, Inc.

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.



            

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