Appliance Recycling Centers of America Will Start Trading on Nasdaq Capital Market on February 22
February 16 2006 - 2:35PM
PR Newswire (US)
MINNEAPOLIS, Feb. 16 /PRNewswire-FirstCall/ -- Appliance Recycling
Centers of America, Inc. (OTC:ARCI) (BULLETIN BOARD: ARCI) today
announced that its application for listing on the Nasdaq Capital
Market has been approved and that its stock will commence trading
on this market on February 22 under the symbol "ARCI." ARCA will
continue trading on the over-the-counter bulletin board until the
changeover occurs next week. Edward R. (Jack) Cameron, president
and chief executive officer, commented: "We are extremely pleased
to have gained listing on the Nasdaq Capital Market. We believe
this development will enhance trading liquidity and raise ARCA's
visibility and credibility among investors." About ARCA Through its
ApplianceSmart ( http://www.appliancesmart.com/ ) operation, ARCA
is 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 February 2006,
ApplianceSmart is 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. ARCA is also the nation's largest recycler of major
household appliances for the energy conservation programs of
electric utilities. Statements about ARCA's outlook are
forward-looking and involve risks and uncertainties, including but
not limited to: the speed at which individual ApplianceSmart
outlets reach profitability, the growth of appliance retail sales,
the strength of energy conservation recycling programs, and other
factors discussed in the Company's filings with the Securities and
Exchange Commission. Visit our web sites at http://www.arcainc.com/
and http://www.appliancesmart.com/ . First Call Analyst: FCMN
Contact: DATASOURCE: Appliance Recycling Centers of America, Inc.
CONTACT: Edward R. (Jack) Cameron, CEO, or Linda A. Koenig, CFO,
+1-952-930-9000, both of Appliance Recycling Centers of America,
Inc., or Richard G. Cinquina of Equity Market Partners
+1-904-415-1415 Web site: http://www.appliancesmart.com/
http://www.arcainc.com/
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