EXHIBIT 99.1

FOR IMMEDIATE RELEASE

CONTACTS:    Corporate Contact:              Investor Relations
             John Carlson                    Harriet Fried
             Exec VP & CFO                   Lippert/Heilshorn & Associates
             480-505-4869                    212-838-3777


                 Alanco Announces Divestiture Financing Plan and
            Strategic Focus on Wireless Monitoring Services Business


(Scottsdale, AZ - November 11, 2009) - Alanco Technologies, Inc. (NASDAQ: ALAN),
today announced a new strategic initiative focused on accelerating growth of the
Company's core wireless monitoring services business, StarTrak Systems, LLC.
Since Alanco acquired StarTrak in June, 2006, its sales have grown at a
compounded rate of 25% to approximately $14 million in the fiscal year ending
June 30, 2009. A key element of the new plan is significant additional
non-dilutive financing expected to be generated through the divestiture of the
Company's non-core assets, Alanco/TSI PRISM, Inc., its RFID inmate tracking
business, and Excel Meridian Data, Inc., its data storage products business.
The Company estimates the cash market value of both businesses to total in
excess of $10 million.

Alanco is being advised on the TSI PRISM and Excel Meridian divestitures by
Imperial Capital LLC, Los Angeles, CA, and Cove Partners LLC, San Diego, CA,
respectively.

Robert R. Kauffman, Alanco Chairman and CEO, commented, "Despite the very
difficult economy, StarTrak's business has improved significantly, and we
project a positive EBITDA before corporate expenses for the first fiscal
quarter, ending September 30, 2009. Sales growth has also resumed, led by the
approximately $3.0 million FFE Transportation Services contract announced on
October 5, 2009. We anticipate StarTrak's second quarter sales will increase
sequentially over 30% to approximately $4.0 million, and sales for the full
fiscal year, ending June 30, 2010, are expected to increase over 25% to a
profitable range of $17-20 million. Beyond this current positive trend, our
strategic decision to focus on StarTrak's wireless monitoring business is based
on future opportunity to accelerate sales growth by further capitalizing upon
unique elements of our business model, including:

     o  StarTrak's subscription-based recurring revenue business model, with
        three to five-year, negligible churn, service contracts providing a
        highly profitable, stable revenue stream currently representing over 50%
        of total sales.

     o  StarTrak's 90% share of the rapidly growing refrigerated transportation
        wireless monitoring market, now providing subscription data services
        covering approximately 30,000 refrigerated trucks, railcars and
        containers.

     o  Proprietary, industry-leading technology platform backed by a
        significant patent-pending portfolio.

     o  Large potential market opportunity comprising an estimated 450,000
        refrigerated trucks, railcars and containers in North America, with a
        minimal market penetration for all providers, including StarTrak, of
        less than 10%.

     o  New business development opportunities through the extension of
        StarTrak's technology and network infrastructure beyond refrigeration
        transport, e.g. to hazardous transport monitoring, as well as growth
        through 'bolt-on' related vertical acquisitions."


Alanco Technologies, Inc. provides wireless monitoring and asset management
solutions through its StarTrak Systems subsidiary. StarTrak Systems is the
dominant provider of tracking, monitoring and control services to the
refrigerated or "Reefer" segment of the transportation marketplace, enabling
customers to increase efficiency and reduce costs of the refrigerated supply
chain. For more information, visit the company's website at www.alanco.com.

EXCEPT FOR HISTORICAL INFORMATION, THE STATEMENTS CONTAINED IN THIS PRESS
RELEASE ARE FORWARD-LOOKING STATEMENTS MADE PURSUANT TO THE SAFE HARBOR
PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. ALL SUCH
FORWARD-LOOKING STATEMENTS ARE SUBJECT TO, AND ARE QUALIFIED BY, RISKS AND
UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE
EXPRESSED OR IMPLIED BY THOSE STATEMENTS. THESE RISKS AND UNCERTAINTIES INCLUDE,
BUT ARE NOT LIMITED TO, REDUCED DEMAND FOR INFORMATION TECHNOLOGY EQUIPMENT;
COMPETITIVE PRICING AND DIFFICULTY MANAGING PRODUCT COSTS; DEVELOPMENT OF NEW
TECHNOLOGIES THAT MAKE THE COMPANY'S PRODUCTS OBSOLETE; RAPID INDUSTRY CHANGES;
FAILURE OF AN ACQUIRED BUSINESS TO FURTHER THE COMPANY'S STRATEGIES; THE ABILITY
TO MAINTAIN SATISFACTORY RELATIONSHIPS WITH LENDERS AND REMAIN IN COMPLIANCE
WITH FINANCIAL LOAN COVENANTS AND OTHER REQUIREMENTS UNDER CURRENT BANKING
AGREEMENTS; AND THE ABILITY TO SECURE AND MAINTAIN KEY CONTRACTS AND
RELATIONSHIPS.

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