Amer Locker Group (ALGI) 0.0140 $ALGI American
Post# of 273322

American Locker raises USD200,000 via sale of new class series D preferred stock for product contract
M2 - Thu Aug 14, 5:57AM CDT
American Locker Group Incorporated (OTCQB:ALGI), a secure storage solutions company, in conjunction with the approval of an exclusive three-year product contract raised USD200,000 in working capital, to support the contract via the sale of 40,000 shares of a new class of series D preferred stock, it declared today.
American Locker Group Announces New Contract and Preferred Stock Issuance
Business Wire - Wed Aug 13, 4:30PM CDT
American Locker Group Incorporated (OTCQB: ALGI), a recognized leader in secure storage solutions, has previously reported that it has been awarded an exclusive three-year contract to produce parcel delivery lockers for the largest provider of parcel and mail delivery services in the United States. The Company is pleased to announce that it has received product approval and will commence production immediately. This contract calls for initial volume of $1.7 million of product to be delivered during the first 90 days after product approval.

