MINNEAPOLIS, March 18 /PRNewswire-FirstCall/ -- Appliance Recycling
Centers of America, Inc. (Nasdaq: ARCI) today announced that Glynnis Jones
has been appointed as an independent member of the company's Board of
Directors. She fills a new position on the board and will initially serve
until the next election of directors, which will be held at the company's
annual meeting of shareholders.
In addition to being an independent member of the Board of Directors,
Ms. Jones will also serve on the audit and compensation committees.
"We are very excited to have Glynnis join the ARCA board and look
forward to working with her in the future," commented Edward R. (Jack)
Cameron, President and Chief Executive Officer. "Glynnis's extensive
experience working with public utilities and federal environmental agencies
will be extremely valuable as we continue to grow our utility recycling
business."
Ms. Jones brings a wide breadth of experience and talent to the
company. She formerly held the position of Vice President of Corporate
Planning with ARCA from 1989 to 2003. In this capacity, she was responsible
for developing the company's environmental policies and representing the
company before the California Public Utilities Commission and various state
and federal environmental agencies. Prior to working for ARCA, Ms. Jones
was an independent environmental consultant and previously worked for the
Metropolitan Council of the Twin Cities, the State of Minnesota and the
West Central Regional Development Commission. She earned a Bachelor of Arts
degree from the University of Wisconsin.
About ARCA
ARCA is one of the nation's largest recyclers of major household
appliances for the energy conservation programs of electric utilities.
Through its ApplianceSmart operation, ARCA is also one of the nation's
leading retailers of special-buy household appliances, primarily those
manufactured by Maytag, GE, Frigidaire and Whirlpool. These special-buy
appliances, which include close-outs, factory overruns and scratch-and-dent
units, typically are not integrated into manufacturers' normal distribution
channels. ApplianceSmart sells these virtually new appliances at a discount
to full retail, offers a 100% money-back guarantee and provides warranties
on parts and labor. As of February 2008, ApplianceSmart was operating
fifteen factory outlets: five in the Minneapolis/St. Paul market; four in
the Columbus, Ohio, market; four in the Atlanta market; and two in San
Antonio, Texas
This press release contains statements that are forward-looking
statements as defined within the Private Securities Litigation Reform Act
of 1995, including statements regarding ARCA's future success and Ms.
Jones's contribution to the company's organization. These forward-looking
statements are subject to risks and uncertainties that could cause actual
results to differ materially from the statements made, including the risks
associated with general economic conditions, competition in the retail and
recycling industries and regulatory risks. Other factors that could cause
operating and financial results to differ are described in ARCA's periodic
reports filed with the Securities and Exchange Commission. Other risks may
be detailed from time to time in reports to be filed with the SEC.
Visit our web sites at http://www.arcainc.com and
http://www.appliancesmart.com.
SOURCE Appliance Recycling Centers of America, Inc.
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Related links:
http://www.arcainc.com
http://www.appliancesmart.com
CONTACT:
Edward R. (Jack) Cameron, CEO, or Peter
Hausback, EVP and CFO, both of Appliance Recycling Centers of
America, Inc., +1-952-930-9000
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