ABILENE, Kan., Dec. 22, 2005 (PRIMEZONE) -- The Board of Directors for Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) recently approved the Company's Fiscal 2007 Operating Plan along with its Fiscal 2007 Capital Expenditure Plan, Information Technology Initiative and New Store Proforma. The Company released the financial details of these plans yesterday in a Form 8-K filing.
Total capital expenditures in Fiscal 2007 are planned at $22.8 million. Details of the expenditures are outlined in the Form 8-K filing and will be addressed during an investor conference call on January 4, 2006.
Investor Conference Call
The Company will host an investor conference call at 11:15 a.m. eastern time on January 4, 2006, to discuss its Fiscal 2007 Operating Plan, IT Initiative, Capital Expenditure Plan and New Store Proforma in greater detail. The dial-in number for the conference call is 800-289-0533 (international/local participants dial 913-981-5525), and the Confirmation Code is 4989203.
Parties interested in participating in the conference call should dial in approximately five minutes prior to 11:15 a.m. eastern time. A replay of the call will be available two hours after completion from January 4 through January 18, 2006, by dialing 888-203-1112 or for international/local callers by dialing 719-457-0820. The Replay Passcode is 4989203.
About Duckwall-ALCO Stores
Duckwall-ALCO Stores, Inc. is a leading regional retailer that specializes in offering a wide variety of products at reasonable prices to the underserved communities of America. Founded in 1901 by A.L. Duckwall as a general merchandising operation in Abilene, Kan., Duckwall-ALCO is known for its convenient locations and for its friendly, personal service. The company has 251 stores in 21 states across the central United States, operating under two names, ALCO and Duckwall. ALCO discount stores offer a full line of merchandise, while Duckwall variety stores serve smaller communities, offering a smaller selection.
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.