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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…

Alico Updates Property Auction Information

LA BELLE, Fla., Aug. 13, 2010 (GLOBE NEWSWIRE) -- Alico, Inc., (Nasdaq:ALCO) a land management company, announced today that the time and date of the previously announced foreclosure auction had been changed. The auction will now take place on the steps of the Lee County Courthouse in Fort…

Alico Announces Investor Conference Call

LABELLE, Fla., Aug. 12, 2010 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, will hold an investor conference call on Wednesday, August 18, 2010 at 4:00 p.m. (EDT), hosted by the Company's CEO JD Alexander with participation by senior management. The content of the…

Alico Reports Third Quarter Earnings

LA BELLE, Fla., Aug. 9, 2010 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced net income for the three months ended June 30, 2010 of $2.3 million or $0.31 per share, compared with net income of $609 thousand or $0.08 per share, for the three months ended June…

Alico Announces Signing of Foreclosure Agreement

LA BELLE, Fla., July 23, 2010 (GLOBE NEWSWIRE) -- Alico, Inc., (Nasdaq:ALCO) a land management company, announced today that a Lee County judge signed a Final Summary Judgment of Foreclosure pertaining to a mortgage on a parcel of land in Lee County sold by Alico's Alico-Agri, Ltd subsidiary…

Alico Inc. Names Chief Operating Officer

LABELLE, Fla., June 30, 2010 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced that Dr. Ken Smith has joined the Company as Executive Vice-President and Chief Operating Officer effective July 1, 2010. Dr. Smith has been acting as a part-time consultant to…

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