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)
952/930-9000
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Richard G. Cinquina
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Equity Market Partners
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904/261-2210
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Appliance Recycling Centers of
America Awarded Refrigerator and Freezer
Recycling Contract by The Midwest Energy Efficiency Alliance
Minneapolis, MN—November 11, 2005— Appliance Recycling Centers of America, Inc.
(OTC BB: ARCI) announced it has been awarded a contract by The Midwest Energy
Efficiency Alliance (MEEA) to remove from service and recycle inefficient,
non-commercial refrigerators and freezers targeting the AmerenUE customers in
the Missouri cities of St. Louis, Jefferson City and Cape Girardeau.
The
program, sponsored by AmerenUE and administered by MEEA, will run from October 1
through December 31, 2005, ARCA will pick up and recycle the older,
non-commercial refrigerators and freezers of area residents, who have replaced
those units with energy-efficient EnergyStar® appliances. Customers will be
paid a $50 incentive per refrigerator for participating in this energy
efficiency program. Additional
information about the program can be found at
http://www.ameren.com/Residential/ADC_Res_RefrigeratorRecyclingProgram.asp or
by calling 1-866-706-3996.
In
addition to building public awareness of energy-efficient appliances, the MEEA
program is aimed at disposing of older inefficient appliances in an
environmentally friendly manner and replacing them with an equal number of
EnergyStar units.
About ARCA
ARCA is the nation’s largest recycler of major household appliances for
the energy conservation programs of electric utilities. Through its ApplianceSmart
(www.ApplianceSmart.com) 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 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 October 2005,
ApplianceSmart was operating 13 factory outlets: five in the Minneapolis/St.
Paul market; three in the Columbus, Ohio, market; two in the Atlanta market;
two in San Antonio, Texas and one in Los Angeles. Visit our web site at www.arcainc.com.
About The Midwest Energy Efficiency Alliance
Formed
in 1999, The Midwest Energy Efficiency Alliance (www.mwalliance.org) is a
regional network of organizations collaborating to promote energy efficiency.
MEEA’s vision is to be a leader in raising and sustaining the level of energy
efficiency in the Midwest region by fostering increased market penetration of
existing energy efficient technologies and promoting new technologies, products
and best practices, including renewable energy.
About AmerenUE
AmerenUE
is an electric and natural gas investor owned utility which is a subsidiary of
St. Louis-based Ameren Corporation (www.ameren.com, NYSE: AEE). With assets of
more than $17 billion, Ameren through its subsidiaries, serves 2.3 million
electric and more than 900,000 natural gas customers in a 64,000-square-mile
area of Illinois and Missouri.
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.
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