Ark Ai Rob Etf (LSE:ARCI)
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Appliance Recycling Centers of America Enters Agreement to
Provide Services for Wisconsin Public Power Inc.
MINNEAPOLIS, Dec. 14 /PRNewswire-FirstCall/ -- Appliance Recycling Centers of
America, Inc. (OTC:ARCI) (BULLETIN BOARD: ARCI) today announced that it has
signed an agreement with Wisconsin Public Power Inc. (WPPI) to provide
appliance recycling services through 2005. WPPI, a statewide power company
owned by 37 municipalities that operate electric utilities, supplies power to
145,000 homes and businesses throughout Wisconsin.
Edward R. (Jack) Cameron, president and chief executive officer, said, "WPPI's
decision to offer appliance recycling program services to its members is a good
indication of the benefits utilities realize when energy-inefficient appliances
are removed from operation. We are pleased by the number of WPPI's member
utilities that have chosen to participate in the residential appliance
recycling program at its onset and are encouraged by the potential for
expansion as additional member utilities consider adding the program to their
mix of energy-efficiency measures. Wisconsin residents who are given the
opportunity to participate not only save money on their electricity bills, but
also contribute to energy conservation and environmental protection."
About ARCA
ARCA is the nation's largest recycler of major household appliances for the
energy conservation programs of electric utilities. Through its ApplianceSmart
( http://www.appliancesmart.com/ ) 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 the manufacturer's normal distribution
channel. 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 December 2004, ApplianceSmart was operating eleven
factory outlets: four in the Minneapolis/St. Paul market; three in the
Columbus, Ohio market; two in the Atlanta market; one in the Los Angeles
market; and one in the San Antonio, Texas market.
Statements about ARCA's outlook are forward-looking and involve risks and
uncertainties, including but not limited to: the strength of recycling
programs, the growth of appliance retail sales, the speed at which individual
retail stores reach profitability, and other factors discussed in the Company's
filings with the Securities and Exchange Commission.
Visit our web site at http://www.arcainc.com/ .
DATASOURCE: Appliance Recycling Centers of America, Inc.
CONTACT: Edward R. (Jack) Cameron for Appliance Recycling Centers of
America, Inc., +1-952-930-9000
Web site: http://www.arcainc.com/
http://www.appliancesmart.com/