MINNEAPOLIS, May 21, 2019 /PRNewswire/ -- Appliance
Recycling Centers of America, Inc. (Nasdaq: ARCI) ("ARCA" or the
"company"), a leading provider of utility appliance recycling
programs, announced today that on May 20,
2019 it received notification from the Listing
Qualifications Department of The Nasdaq Stock Market that the
company regained compliance with Listing Rule 5550(a)(2), which
requires a minimum bid price of $1.00
per share. The company is now fully compliant with all Nasdaq
rules. This matter is now closed.
ARCA and subsidiaries are in the business of recycling major
household appliances in North
America by providing turnkey appliance recycling and
replacement services for utilities and other sponsors of energy
efficiency programs. In addition, through GeoTraq, ARCA is engaged
in the development, design and ultimately, ARCA expects, the sale
of Mobile IoT modules.
Executive Vice President
Appliance Recycling Centers of America, Inc.
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SOURCE Appliance Recycling Centers of America, Inc.