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Alico Reports Fourth Quarter and Annual Earnings

LABELLE, Fla., Dec. 15, 2010 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced a net loss for the fourth quarter of the fiscal year ended September 30, 2010 of $2.9 million or $.39 per share, compared with a net loss of $6.1 million or $.83 per share for the…

Alico, Inc. Updates Status on IRS Examinations

LABELLE, Fla., Nov. 2, 2010 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced that it has received 30-day letters from the Internal Revenue Service dated October 28, 2010 pertaining to previously disclosed examinations of Alico, Inc. and Agri-Insurance Company,…

Thomas H. McAuley Elected to Alico, Inc. Board of Directors

LA BELLE, Fla., Oct. 11, 2010 (GLOBE NEWSWIRE) -- Alico, Inc., (Nasdaq:ALCO) a land management company, announced today that its Board of Directors has appointed Thomas H. McAuley as a Board member. Mr. McAuley was formerly the President of Inland Capital Markets Group, Inc., a subsidiary of TIGI,…

Alico, Inc. Announces Dividend, Sets Annual Meeting Date

LABELLE, Fla., Oct. 4, 2010 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced that at its Board of Directors meeting on September 30, 2010, the Board declared a cash dividend in the amount of $.10 per share to be paid to shareholders of record as of October 29,…

Alico Updates Status on IRS Examinations

LABELLE, Fla., Sept. 24, 2010 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced that it has received a Revenue Agent's Report (RAR) from the Internal Revenue Service pertaining to its previously disclosed ongoing examinations of Alico's Alico-Agri subsidiary for…

Alico Reclaims Property

LA BELLE, Fla., Sept. 15, 2010 (GLOBE NEWSWIRE) -- Alico, Inc., (Nasdaq:ALCO) a land management company, announced today that it had reclaimed a 4,157 acre parcel located next to Florida Gulf Coast University in Lee County, Florida. The property has two approved Development Orders, one for a…

Alico Hires Chief Financial Officer

LA BELLE, Fla., Sept. 14, 2010 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced today the hiring of Scott Whitney as Chief Financial Officer, effective September 27, 2010. Mr. Whitney will be responsible for all corporate finance, treasury and accounting…

Alico Inc. Announces Credit Restructure Renegotiated Terms Include Relaxed Covenants and Variable Interest

LABELLE, Fla., Sept. 8, 2010 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced that it has entered into a Credit Agreement (the "Agreement") with RABO AGRIFINANCE, INC. for $100 million to refinance its term note and revolving line of credit with Farm Credit…

Alico Announces CFO Resignation

LA BELLE, Fla., Aug. 23, 2010 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced today that Patrick W. Murphy, Alico's Chief Financial Officer, has notified the Company that he intends to resign for personal reasons and pursue other interests. Mr. Murphy…

Alico Hires Business Development Executive

LA BELLE, Fla., Aug. 16, 2010 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced today the hiring of Chris Ward as Vice-President for Planning and Business Development, effective August 16, 2010. Mr. Ward will be responsible for providing new business planning…

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