Published:
Appliance Recycling Centers of America (ARCA) Announces Appointment of Glynnis Jones to the Board of Directors
MINNEAPOLIS, March 18 /PRNewswire-FirstCall/ -- Appliance Recycling
Centers of America, Inc. (Nasdaq: ARCI) today announced that Glynnis Jones has
been appointed as an independent member of the company's Board of Directors.
She fills a new position on the board and will initially serve until the next
election of directors, which will be held at the company's annual meeting of
shareholders.
In addition to being an independent member of the Board of Directors,
Ms. Jones will also serve on the audit and compensation committees.
"We are very excited to have Glynnis join the ARCA board and look forward
to working with her in the future," commented Edward R. (Jack) Cameron,
President and Chief Executive Officer. "Glynnis's extensive experience working
with public utilities and federal environmental agencies will be extremely
valuable as we continue to grow our utility recycling business."
Ms. Jones brings a wide breadth of experience and talent to the company.
She formerly held the position of Vice President of Corporate Planning with
ARCA from 1989 to 2003. In this capacity, she was responsible for developing
the company's environmental policies and representing the company before the
California Public Utilities Commission and various state and federal
environmental agencies. Prior to working for ARCA, Ms. Jones was an
independent environmental consultant and previously worked for the
Metropolitan Council of the Twin Cities, the State of Minnesota and the West
Central Regional Development Commission. She earned a Bachelor of Arts degree
from the University of Wisconsin.
About ARCA
ARCA is one of the nation's largest recyclers of major household
appliances for the energy conservation programs of electric utilities. Through
its ApplianceSmart 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 manufacturers' normal distribution channels.
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 2008, ApplianceSmart was operating fifteen factory
outlets: five in the Minneapolis/St. Paul market; four in the Columbus, Ohio,
market; four in theAtlanta market; and two inSan Antonio, Texas
This press release contains statements that are forward-looking statements
as defined within the Private Securities Litigation Reform Act of 1995,
including statements regarding ARCA's future success and Ms. Jones's
contribution to the company's organization. These forward-looking statements
are subject to risks and uncertainties that could cause actual results to
differ materially from the statements made, including the risks associated
with general economic conditions, competition in the retail and recycling
industries and regulatory risks. Other factors that could cause operating and
financial results to differ are described in ARCA's periodic reports filed
with the Securities and Exchange Commission. Other risks may be detailed from
time to time in reports to be filed with the SEC.
Visit our web sites at http://www.arcainc.com and
http://www.appliancesmart.com.
SOURCE Appliance Recycling Centers of America, Inc.
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
Daily NewsTags: ,ENV,HOU,UTI,RCY,PER,OTC,MN-ARCA-Board
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