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Alico Reports First Quarter Earnings

LA BELLE, Fla., Feb. 9, 2009 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced a net loss for the three months ended December 31, 2008 of $0.2 million or $0.02 per share, compared with a profit of $2.2 million or $0.30 per share for the three months ended…

Alico's Director Will Not Stand for Re-Election to Board of Directors

LABELLE, Fla., Dec. 23, 2008 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced today that Phillip S. Dingle will not stand for re-election to Alico, Inc.'s Board of Directors in February 2009. He will serve out his current term on the Board. Mr. Dingle has served…

Alico Reports Fourth Quarter and Annual Earnings

LA BELLE, Fla., Dec. 15, 2008 (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, 2008 of $4.6 million or $0.62 per share, compared with a net loss of $7.2 million or $0.97 per share for…

Alico Announces Management Reorganization

LABELLE, Fla., Nov. 17, 2008 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced a corporate restructuring in light of the current economic conditions. The Board of Directors has determined, due to the current economic recession and financial market upheaval, the…

Alico Declares Dividend, Sets Annual Meeting Date and Record Date for Annual Meeting

LABELLE, Fla., Nov. 6, 2008 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced that, at its recent Board meeting, the Board declared a quarterly dividend of $0.275 per share payable to stockholders of record as of January 30, 2009, with payment expected on or…

Alico Announces Receipt of Service for a Shareholder Derivative Action Filed by Former Director Baxter Troutman

LA BELLE, Fla., Oct. 29, 2008 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced today that it has been served with a shareholder derivative action complaint filed by Baxter Troutman against J. D. Alexander and John R. Alexander which names Alico as a…

Alico Restructures Real Estate Contract, Receives $2.5 Million

LA BELLE, Fla., Oct. 6, 2008 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced today that its subsidiary, Alico-Agri, Ltd., had received a payment of $2.5 million in escrow in connection with the restructure of a real estate contract ("East") with Ginn-LA…

Alico Hires Real Estate Executive

LA BELLE, Fla., Oct. 2, 2008 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced today the hiring of Don Schrotenboer as Vice-President of Real Estate, effective September 30, 2008. Mr. Schrotenboer will be responsible for providing entitlement, strategic…

Alico Extends Payment Date On Real Estate Contracts

LA BELLE, Fla., Sept. 30, 2008 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced today that its subsidiary, Alico-Agri, Ltd., had granted Ginn-LA Naples, Ltd, LLLP, and West FM Crockett, LLC ("Purchasers") an extension until October 3, 2008, to pay the amounts…

Alico Converts $50 Million of Its Line of Credit to a Fixed Interest 10 Year Term Note

LABELLE, Fla., Sept. 8, 2008 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced today that on September 3, 2008 the Company converted $50,000,000 of the outstanding balance on its $175,000,000 Revolving Line of Credit with Farm Credit of Southwest Florida to a…

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