MINNEAPOLIS, July 5, 2018 /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 July 3,
2018 it received notification from the Listing
Qualifications Department of The Nasdaq Stock Market (the "Staff")
that the company regained compliance with Listing Rule 5250(c)(1)
(the "Rule"). On April 18, 2018 and May 22, 2018, the Staff
notified the company regarding its failure to file its Annual
Report on Form 10-K for the fiscal year ended December 30, 2018
("Form 10-K") and its Quarterly Report on Form 10-Q for the
quarterly period ended March 31, 2018 ("Form 10-Q") in a timely
fashion. On June 27, 2018, the Staff granted the Company an
extension to file the Form 10-Q. The company has filed both
the Form 10-K and Form 10-Q with the U.S. Securities and Exchange
Commission in accordance with Nasdaq deadlines, as extended, and is
in compliance with the Rule. This matter is now closed.
About ARCA
Appliance Recycling Centers of America, Inc. and
subsidiaries ("ARCA") 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 its GeoTraq Inc.
subsidiary, ARCA is engaged in the development, design and
ultimately ARCA expects the sale of cellular transceiver modules,
also known as Cell-ID modules.
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SOURCE Appliance Recycling Centers of America, Inc.