Appliance Recycling Centers of America Enters Agreement to Provide Services for Wisconsin Public Power Inc.
14 Dezembro 2004 - 2:32PM
PR Newswire (US)
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/
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