ARCA Receives 3-Year Appliance Recycling Contract from Los Angeles Department of Water and Power
November 23 2005 - 5:06PM
PR Newswire (US)
MINNEAPOLIS, Nov. 23 /PRNewswire-FirstCall/ -- Appliance Recycling
Centers of America, Inc. (OTC:ARCI) (BULLETIN BOARD: ARCI) today
reported it has been awarded a three-year appliance recycling
contract by the Department of Water and Power of the City of Los
Angeles (DWP). The contract covers two programs with DWP, the Low
Income Refrigerator Exchange Program and the Refrigerator Turn-In
and Recycling Program. ARCA is currently providing services for
both recycling programs under previous contracts with DWP. Under
the Low Income Refrigerator Exchange Program, the DWP will provide
new, super-efficient refrigerators at no cost to qualifying
low-income customers in exchange for their older, working
refrigerators, which ARCA will recycle in an environmentally
responsible manner. Through the DWP's Refrigerator Turn-In and
Recycling Program, qualifying customers will turn-in their older,
inefficient but working refrigerators and freezers, which ARCA will
also recycle. Edward R. (Jack) Cameron, president and chief
executive officer, commented: "We are gratified to have this
opportunity to continue to provide services for programs sponsored
by the Los Angeles DWP. By capitalizing upon ARCA's extensive
experience in high-volume, environmentally-safe appliance
recycling, the DWP will reduce residential electricity demand,
lower the energy bills of its customers and provide public
environmental benefits." 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 November 2005, ApplianceSmart
was operating 13 factory outlets: five in the Minneapolis/St. Paul
market; three in the Columbus, Ohio, market; two in the Atlanta
market; two in San Antonio, Texas and one in Los Angeles. Visit our
web site at http://www.arcainc.com/ . 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 of Appliance Recycling Centers of America,
+1-952-930-9000 Web site: http://www.arcainc.com/
http://www.appliancesmart.com/
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