ABILENE, Kan., June 23, 2005 (PRIMEZONE) -- Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) has announced that Tony Corradi has joined the company as Vice President and Chief Technology Officer.
Having served as a technology consultant to Duckwall-ALCO Stores and other retailers for the past several years, Corradi brings more than 20 years of information technology experience to his position. Prior to running his own technology consulting firm, Corradi served in technology strategy and management positions for various retail divisions of Sara Lee Corporation and ConAgra Foods.
Corradi is playing a key role in the implementation of a major technology initiative underway at Duckwall-ALCO Stores. "We are extremely pleased that Tony has joined our company to head up our technology efforts," said Bruce Dale, President and CEO of Duckwall-ALCO Stores. "Tony's extensive technology experience with other retailers will help ensure our implementation process goes as smoothly as possible."
Corradi officially joined the company effective May 30, 2005.
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 247 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.