LA BELLE, Fla., April 22, 2009 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced today that the Ginn Companies has defaulted on its contract with the Company's subsidiary, Alico-Agri Ltd, related to the purchase of property in Lee County, Florida.
Under the terms…
LA BELLE, Fla., April 1, 2009 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced today that a scheduled quarterly interest payment had not been received by its Alico-Agri, Ltd subsidiary related to the sale of property in Lee County, Florida.
Under the terms of the…
LABELLE, Fla., March 31, 2009 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced today that on March 30, 2009 the Company modified its $125 million Revolving Line of Credit (RLOC) with Farm Credit of Southwest Florida.
According to the terms of the modification,…
LA BELLE, Fla., March 20, 2009 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced that it had executed a Settlement Agreement with a vendor that resulted in a $7.0 million payment to Alico on March 20, 2009.
Under the agreement, the vendor admits no wrongdoing and…
LABELLE, Fla., March 4, 2009 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced that at its Board of Directors meeting on February 26, 2009, the Board declared a dividend in the amount of $0.1375 per share to be paid to shareholders of record as of April 30,…
LABELLE, Fla., Feb. 24, 2009 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced at its annual stockholders meeting held on Friday February 20, 2009, the Alico stockholders elected JD Alexander, John R. Alexander, Robert E. Lee Caswell, Evelyn D'An, Charles…
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…
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…
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…
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 Announces Default On Mortgage Note Receivable
///by alicoLA BELLE, Fla., April 22, 2009 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced today that the Ginn Companies has defaulted on its contract with the Company's subsidiary, Alico-Agri Ltd, related to the purchase of property in Lee County, Florida. Under the terms…
Alico Announces That a Scheduled Interest Payment Was Not Received
///by alicoLA BELLE, Fla., April 1, 2009 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced today that a scheduled quarterly interest payment had not been received by its Alico-Agri, Ltd subsidiary related to the sale of property in Lee County, Florida. Under the terms of the…
Alico Modifies Its Revolving Line of Credit
///by alicoLABELLE, Fla., March 31, 2009 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced today that on March 30, 2009 the Company modified its $125 million Revolving Line of Credit (RLOC) with Farm Credit of Southwest Florida. According to the terms of the modification,…
Alico Receives a $7.0 Million Settlement
///by alicoLA BELLE, Fla., March 20, 2009 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced that it had executed a Settlement Agreement with a vendor that resulted in a $7.0 million payment to Alico on March 20, 2009. Under the agreement, the vendor admits no wrongdoing and…
Alico, Inc. Announces Dividend
///by alicoLABELLE, Fla., March 4, 2009 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced that at its Board of Directors meeting on February 26, 2009, the Board declared a dividend in the amount of $0.1375 per share to be paid to shareholders of record as of April 30,…
Alico, Inc. Announces Election of Directors
///by alicoLABELLE, Fla., Feb. 24, 2009 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced at its annual stockholders meeting held on Friday February 20, 2009, the Alico stockholders elected JD Alexander, John R. Alexander, Robert E. Lee Caswell, Evelyn D'An, Charles…
Alico Reports First Quarter Earnings
///by alicoLA 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
///by alicoLABELLE, 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
///by alicoLA 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
///by alicoLABELLE, 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…