EXHIBIT 99.1

                      [GRAPHIC OMITTED][GRAPHIC OMITTED]
PRESS RELEASE
                             For further information contact:
                             Edward F. Ruttenberg
                             Phone: (817) 329-1600
                             Fax:   (817) 481-3993
                             Release No:  2006-02

(BW)  (TX-AMERICAN-LOCKER-GROUP)  AMERICAN LOCKER GROUP  INCORPORATED  ANNOUNCES
STATUS OF REVIEW OF FINANCIAL REPORTING SYSTEMS AND PROCEDURES AND STRENGTHENING
OF INTERNAL FINANCIAL AND ACCOUNTING STAFF
BUSINESS EDITOR

     GRAPEVINE,  TX - (BUSINESS  WIRE) November 13, 2006.  American Locker Group
Incorporated  (OTC:  ALGI.PK) (the  "Company")  announced today that - under the
direction of the audit  committee and  management and with the assistance of the
Company's  auditors - the  Company is  nearing  completion  of its review of its
financial reporting systems and procedures, including with respect to previously
disclosed  internal control  deficiencies.  The Company is working diligently to
complete the Company's Annual Report on Form 10-K for 2005 and the Form 10-Q for
each of the quarters ended March 31, 2006, June 30, 2006 and September 30, 2006,
and  expects to be in a position to file such  reports  during the first half of
2007 followed by the Form 10-K for 2006 as soon  thereafter  as  practical.

     The primary focus of the review has been on inventory valuation, previously
announced  restructuring  charges,  pension  plan  accruals,  and the  Company's
internal control  deficiencies.  In an effort to address these  deficiencies and
strengthen the Company's financial and accounting team, the Company recently has
made strategic personnel additions including the hiring of a new Controller, and
the  engagement  of the  services of VCFO Inc.  for expert  assistance  on audit
preparation, inventory valuation and cost accounting issues.

     The matters  discussed in this press release 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  certain known and unknown  risks,  some of
which are





beyond the Company's control,  including, among others, risks related to (i) the
Company's plans, strategies, objectives, expectations, and intentions, which are
subject  to  change  at any  time at the  discretion  of the  Company,  (ii) the
successful  implementation  of the  Company's  restructuring  plan,  including a
significant reduction of annual selling, general and administrative expenses and
the restructuring of its bank debt on terms acceptable to its lenders, (iii) new
product  development  by the Company,  (iv) the Company's  liquidity and capital
resources, (v) the Company's competition, and (vi) other risks and uncertainties
indicated  from time to time in the Company's  filings with the  Securities  and
Exchange  Commission.  The Company's actual results could differ materially from
those  expressed in any  forward-looking  statement  made by or on the Company's
behalf.  In light of these risks and  uncertainties,  there can be no  assurance
that the  forward-looking  information will, in fact, prove to be accurate.  The
Company  has  undertaken  no  obligation  to  publicly   update  or  revise  any
forward-looking  statements,  whether  as a result  of new  information,  future
events or otherwise.

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