MINNEAPOLIS, July 23, 2013 /PRNewswire/ -- Appliance
Recycling Centers of America, Inc. (Nasdaq: ARCI), a leading
provider of appliance retailing and recycling services, today
announced the Company has appointed Mark
Eisenschenk to the new position of Chief Operating Officer
and President of ARCA Recycling, Inc. In his role, Eisenschenk will
be responsible for setting the strategic direction and driving
performance in the day-to-day operations of ARCA and its
subsidiaries.
Edward R. (Jack) Cameron,
president and chief executive officer, commented, "Mark brings
extensive operational and financial knowledge to ARCA that will
help us sharpen our focus in delivering long-term value to our
stakeholders. Mark is an innovative leader with a track record of
consistently delivering operational excellence while building
high-performance teams. His appointment to COO and President of
ARCA Recycling demonstrates ARCA's commitment to aggressively
managing our business to strengthen our position in the appliance
retailing and recycling industries."
Eisenschenk most recently held the positions of President of
Vanguard Graphics International, LLC, (Vanguard) and CEO of Xitron,
LLC, simultaneously. In those capacities, Eisenschenk led
increasingly profitable operations year over year while developing
new business relationships and implementing a variety of planning
and reporting tools. He previously held the positions of CFO and
COO at Printware, Inc., the predecessor to Vanguard.
About ARCA
ARCA's three business components are
uniquely positioned in the industry to work together to provide a
full array of appliance-related services. ARCA Advanced Processing,
LLC employs advanced technology to refine traditional appliance
recycling techniques to achieve optimal revenue-generating and
environmental benefits. ARCA 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. ARCA's
regional centers process appliances at end of life to remove
environmentally damaging substances and produce material byproducts
for recycling for approximately 150 utilities in the U.S. and
Canada. Eighteen company-owned
stores under the name ApplianceSmart, Inc.® sell new
appliances directly to consumers and provide affordable ENERGY
STAR® options for energy efficiency appliance
replacement programs.
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.