Exhibit 99.1

                                  PRESS RELEASE



                                          For further information contact:
                                          Edward F. Ruttenberg
                                          Phone: (412) 422-2377
                                          Fax #: (412) 422-2378
                                          Release No.: 02-07



(BW)  (NY-AMERICAN-LOCKER-GROUP)  AMERICAN  LOCKER  ANNOUNCES THE  REPURCHASE OF
370,000 SHARES OF ITS COMMON STOCK

BUSINESS EDITOR:

JAMESTOWN,  N.Y.  (BUSINESS  WIRE)  November  21,  2002  American  Locker  Group
Incorporated  (NASDAQ:ALGI)  announced that the Company has repurchased  370,000
shares of its common stock for $10.10 per share or $3,737,000 in the  aggregate.
The purchase agreement was finalized November 20, 2002 and involved the purchase
of 275,000 shares from the estate of Harold J. Ruttenberg and 95,000 shares from
the estate of Katherine M. Ruttenberg.  The purchase reduces the Company's total
shares of common stock outstanding to 1,514,146.

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.

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