Something yahoo didn't post on their news for ARCI:
Part 1 >>>Appliance Recycling Centers of America Becomes Exclusive North American Distributor of UNTHA Recycling Technology (URT) Refrigerator Recycling and Reclamation Systems 7/28/2008 5:37:00 PM (PR Newswire)
Press Release Source: Appliance Recycling Centers of America, Inc.
Appliance Recycling Centers of America Becomes Exclusive North American Distributor of UNTHA Recycling Technology (URT) Refrigerator Recycling and Reclamation SystemsMonday July 28, 6:37 pm ET
MINNEAPOLIS, July 28 /PRNewswire-FirstCall/ -- Appliance Recycling Centers of America, Inc. (Nasdaq: ARCI - News) today announced it has entered into an agreement to become the exclusive North American distributor for UNTHA Recycling Technology (URT), one of Europe's leading manufacturers of technologically advanced refrigerator recycling systems and waste disposal recycling facilities for electrical household appliances and electronic scrap.
In addition to marketing these systems to the recycling industry, ARCA intends to install a URT system at one of its higher volume appliance recycling facilities, where the system will treat entire refrigerators and separate the various metals, plastic and de-gassed polyurethane foam insulation into streams of fine and uniformly sized granules. As a result, URT's systems help safeguard the environment through the proper handling and recovery of waste byproducts, including polyurethane foam containing CFCs, a contributor to greenhouse gas and global climate change. In addition, by yielding a finer grade of steel, copper, aluminum and plastic, the URT system will enable ARCA to generate significantly greater revenues from the sales of these byproducts to scrap dealers and mills.
Edward R. (Jack) Cameron, ARCA's President and Chief Executive Officer, commented: "We are extremely pleased to be the exclusive North American distributor for URT. In addition to maximizing the revenue potential of recycling byproducts, URT refrigerator recycling systems play a key role in solving a growing number of environmental issues, including CFC recovery, hazardous waste disposal, effective resource recycling and reclamation, and combating the problem of diminishing landfill capacity. URT and ARCA share a mutual commitment to environmentally sound recycling and materials reclamation, and we are proud to have established a strong relationship with this industry-leading firm."
Peter Hessler, URT's Managing Director, said: "We are gratified to be working with ARCA, an acknowledged leader in environmentally sound appliance recycling. URT historically has focused on Europe, but through our relationship with ARCA, we now are intent upon penetrating the North American recycling market with our technologically advanced recycling systems and plants."
URT is a member of the RAL Quality Assurance Association for the Demanufacture of Refrigeration Equipment Containing CFC's, a European organization created to guarantee quality in the refrigerator recycling process and ensure compliance with existing environmental standards. In addition, URT and ARCA are members of the Quality Association for the Recycling of Refrigerator and Electrical/Electronic Equipment (QVKE), a European organization of 35 recycling companies that works in partnership with the UBA (Germany's EPA), public waste management agencies, manufacturers and retailers.<<<
ARCA (http://www.arcainc.com) is one of the nation's largest recyclers of major household appliances for the energy conservation programs of electric utilities. Through its ApplianceSmart operation (http://www.appliancesmart.com), ARCA also 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 July 2008, ApplianceSmart was operating 16 factory outlets: six in the Minneapolis/St. Paul market; four in the Columbus, Ohio, market; four in the Atlanta market; and two in San 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. 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.<<<