EXHIBIT 99.1

                                  PRESS RELEASE
[ALGI LOGO]

                                                For further information contact:
                                                            Edward F. Ruttenberg
                                                          Phone:  (412) 422-2377
                                                          Fax #:  (412) 422-2378
                                                             Release No.:  01-03


For Immediate Release:  July 6, 2001


JAMESTOWN,  NY --  (NASDAQ:ALGI)  American Locker Group  Incorporated  announced
today that it had acquired in a cash transaction the stock of B.L.L. Corporation
and related real estate assets. B.L.L. Corporation,  a privately held enterprise
founded  by  its  CEO,  Janie  D'Addio,  is  located  near  Dallas,  Texas,  and
manufactures  and sells  postal box units,  private  mailbox  units and  related
products to the U.S.  Postal Service,  private mail stores and other users.  Ms.
D'Addio will continue her  affiliation as a consultant and  international  sales
agent.

Edward F.  Ruttenberg,  Chairman and Chief Executive  Officer of American Locker
Group  Incorporated,  stated "This  acquisition  will provide an  opportunity to
expand  into new areas of the secure  storage  market and  further  enhance  our
relationship with the U.S. Postal Service."

American  Locker  Group  Incorporated,  located in  Jamestown,  New York with it
principal  executive office located in Pittsburgh,  Pennsylvania,  assembles and
sells a range of mail distribution lockers and other locker products to the U.S.
Postal Service,  recreational  facilities and other locker users. Its website is
located at www.americanlocker.com.


     Safe Harbor 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.