EXHIBIT 99.1
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Appliance Recycling Centers of America, Inc.
7400 Excelsior Boulevard,
Minneapolis MN
55426 (952) 930-9000
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For
Immediate Release
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For
Additional Information Contact:
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Edward
R. (Jack) Cameron (CEO)
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952/930-9000
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Appliance Recycling Centers of America (ARCA) Names
Two New Members to Board of Directors
Minneapolis, MN—June 20, 2005—Appliance Recycling Centers of America, Inc.
(OTC BB: ARCI) today reported that W. William (Bill) Bednarczyk and Albin (Al)
S. Dubiak have been named to the company’s board of directors. Both fill new positions 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 May 2006. Bednarczyk and Dubiak join current directors
Duane S. Carlson, Harry W. Spell and Edward R. (Jack) Cameron, ARCA’s president
and CEO, to compose the five-member board.
Bednarczyk
is currently an independent management consultant specializing in personal
investment portfolios and venture capital activities. He formerly held the position of vice
president, human resources/administration with Gelco Corporation and was
director of employee/labor relations with The Toro Company. In addition, Bednarczyk was a partner in a
Cost Cutter franchise, with salons in Wisconsin, Florida and Kansas. He served as a park commissioner and as
treasurer for the City of Minneapolis and holds a B.A. from the University of
St. Thomas and an M.A. in industrial relations from the University of
Minnesota.
Since
2000, Dubiak has been a member of the investment committee of Sisters of
Charity of Leavenworth Health System, and since 2003 has been chair of the
committee. From 1993 until retiring in
2001, Dubiak was employed by First Asset Management, where he served as director
of investment
research
and manager of the First American Small Cap Value Fund. Prior to that, he held management positions
with First Bank System in investor relations and financial and strategic
planning, and also served as treasurer.
Dubiak earned a B.S. in business administration from Indiana University
and an M.B.A. from the University of Arizona.
Edward
R. (Jack) Cameron, president and chief executive officer, commented: “Over the
years, ARCA has been fortunate to have had the expertise of board members Harry
Spell and Duane Carlson, who have made major contributions to the development
of our appliance retailing and recycling operations. Bill and Al also bring a wealth of experience
to ARCA’s board of directors, and I anticipate that they will have a
significant impact on our future direction.”
About ARCA
Through
its ApplianceSmart (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 June 2005, ApplianceSmart was
operating 12 factory outlets: five in the Minneapolis/St. Paul market; three in
the Columbus, Ohio, market; two in the Atlanta market; one in San Antonio,
Texas and one in Los Angeles. ARCA recently announced that it will open a
second ApplianceSmart factory outlet in San Antonio in August. ARCA is also one of the nation’s largest
recyclers 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 strength of recycling programs, the growth of
appliance retail sales, the speed at which individual retail stores reach
profitability, and other factors discussed in the Company’s filings with the
Securities and Exchange Commission.
# # #
Visit
our web sites at www.arcainc.com and www.appliancesmart.com.