Appliance Recycling Centers of America Names Vice President of Accounting and Finance
MINNEAPOLIS, March 26, 2012 /PRNewswire/ -- Appliance Recycling Centers of America, Inc. (NASDAQ: ARCI) today reported that the company has promoted Jeffrey Cammerrer to the position of Vice President of Accounting and Finance. Cammerrer had served as ARCA's Corporate Controller since June 2008. In his new position, Cammerrer is responsible for the company's accounting and financial operations, as well as corporate compliance.
Edward R. (Jack) Cameron, President and Chief Executive Officer, commented, 'Jeff has been an integral part of our management team since he joined the company as our Corporate Controller in 2008. He has demonstrated the strengths and abilities needed to serve as Vice President of Accounting and Finance in a publicly held company, and I look forward to his continued contributions to ARCA's growth.'
Prior to joining ARCA, Cammerrer held the position of Director of Finance for Milestone AV Technologies. He has also held several accounting management positions, including Vice President of Accounting at Eschelon Telecom, Inc. Cammerrer is a CPA (inactive) and holds a B.S. in Accounting from North Dakota State University.
ARCA (www.ARCAInc.com), one of the nation's largest recyclers of major household appliances for the energy conservation programs of electric utilities, currently provides services for more than 250 utilities in the U.S. and Canada. Toxic chemicals and environmentally harmful materials such as ozone-depleting refrigerants, PCBs, mercury and oil are carefully recovered in the decommissioning process for destruction or disposal, preventing them from contaminating soil, air and water resources. The Company is also the exclusive North American distributor for UNTHA Recycling Technology (URT), one of the world's leading manufacturers of technologically advanced refrigerator recycling systems and recycling facilities for electrical household appliances and electronic scrap. Through its ApplianceSmart, Inc. (www.ApplianceSmart.com), ARCA also is one of the nation's leading retailers of special-buy household appliances, primarily those manufactured by General Electric, Electrolux and Whirlpool. These special-buy appliances, which include close-outs, factory overruns and discontinued models, typically are not integrated into the manufacturer's normal distribution channel. ApplianceSmart, Inc. sells these new appliances at a discount to full retail, offers a 100% money-back guarantee and provides warranties on parts and labor. As of March 2012, ApplianceSmart, Inc. was operating 20 stores: six in the Minneapolis/St. Paul market; one in the Rochester, Minn., market; one in the St. Cloud, Minn. Market; four in the Columbus, Ohio, market; six in the Atlanta market; and two in San Antonio, Texas. The Company will also open store in Eden Prairie, Minnesota, in May 2012.
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. 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.
SOURCE Appliance Recycling Centers of America, Inc.