Steven Bregman Appointed to Board of Directors of American Locker Group Incorporated

American Locker Group Incorporated announced that it
appointed Steven Bregman as a Director of Company. Mr. Bregman also
was appointed to serve as a member of the Audit Committee of the Board
of Directors.
   Mr. Bregman, 46, has served as the President and Chief Operating
Officer of FRMO Corp. (OTC BB: FRMO), an intellectual capital firm,
since January 2001. Mr. Bregman also has served as President of
Horizon Asset Management, a registered investment advisor, from 1994
to the present and was a co-founder of Horizon Research Group, an
independent research firm, in 1995.

   Safe Harbor Statement under the Private Securities Litigation
Reform Act Of 1995

   Except for historical information contained in this press release,
the matters discussed herein which contain forward-looking statements,
including without limitation, statements relating to the Company's
plans, strategies, objectives, expectations, intentions and adequacy
of resources, are made pursuant to the Safe Harbor Provisions of the
Private Securities Litigation Reform Act of 1995. Investors are
cautioned that such forward-looking statements involve risks and
uncertainties including without limitation the following: (i) the
Company's plans, strategies, objectives, expectations, and intentions
are subject to change at any time at the discretion of the Company,
(ii) the Company's plans and results of operations will be affected by
the Company's ability to manage its growth and inventory, and (iii)
other risks and uncertainties indicated from time to time in the
Company's filings with the Securities and Exchange Commission.