0000897101-01-500694.txt : 20011101
0000897101-01-500694.hdr.sgml : 20011101
ACCESSION NUMBER: 0000897101-01-500694
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20011029
ITEM INFORMATION: Other events
ITEM INFORMATION: Financial statements and exhibits
FILED AS OF DATE: 20011030
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: APPLIANCE RECYCLING CENTERS OF AMERICA INC /MN
CENTRAL INDEX KEY: 0000862861
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-HOME FURNITURE, FURNISHINGS & EQUIPMENT STORES [5700]
IRS NUMBER: 411454591
STATE OF INCORPORATION: MN
FISCAL YEAR END: 0103
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-19621
FILM NUMBER: 1769826
BUSINESS ADDRESS:
STREET 1: 7400 EXCELSIOR BLVD
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55426-4502
BUSINESS PHONE: 6129309000
MAIL ADDRESS:
STREET 1: 7400 EXCELSIOR BLVD
CITY: NINNEAPOLIS
STATE: MN
ZIP: 554264517
8-K
1
arca014318-8k.txt
ARCA, INC. FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: 10/29/01
(Date of earliest event reported)
APPLIANCE RECYCLING CENTERS OF AMERICA, INC.
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(Exact name of registrant as specified in its charter)
MINNESOTA 000-19621 41-1454591
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(State or other jurisdiction of Commission (I.R.S. Employer
incorporation or organization) File No. Identification No.)
7400 EXCELSIOR BOULEVARD
MINNEAPOLIS, MN 55426-4517
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(Address of principal executive offices)
(952) 930-9000
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(Registrant's telephone number, including area code)
Item 5. Other Events.
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On October 22, 2001, Appliance Recycling Centers of America, Inc.
issued a press release announcing that it had signed a contract to become a
provider of reverse logistics services for Maytag Corporation.
Item 7 (c). Exhibits.
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99 Press Release dated October 22, 2001, announcing it had signed
a contract to become a provider of reverse logistics services
for Maytag Corporation.
Date: October 29, 2001 /s/Linda Koenig
--------------------------
Linda Koenig, Controller
EX-99
3
arca014318-ex_99.txt
PRESS RELEASE
[LOGO] APPLIANCE RECYCLING CENTERS OF AMERICA, INC.
7400 EXCELSIOR BOULEVARD, MINNEAPOLIS MN 55426
(952) 930-9000
FOR IMMEDIATE RELEASE FOR MORE INFORMATION CONTACT:
Edward R. (Jack) Cameron (952) 930-9000
Richard G. Cinquina, Equity Market Partners
(612) 338-0810
ARCA SIGNS CONTRACT TO BECOME PROVIDER
OF REVERSE LOGISTICS SERVICES FOR MAYTAG CORPORATION
AGREEMENT ENABLES ARCA TO OFFER MAYTAG SPECIAL-BUY APPLIANCES
THROUGH ITS NETWORK OF APPLIANCESMART FACTORY OUTLETS
OCTOBER 22, 2001--MINNEAPOLIS, MN--Appliance Recycling Centers of America, Inc.
(OTC BB: ARCI) today announced announced that it has become the primary national
provider of reverse logistics services for Maytag Corporation (NYSE: MYG),
enabling ARCA to sell special-buy Maytag appliances through its growing network
of ApplianceSmart factory outlets.
Under terms of this national contract, ApplianceSmart will buy Maytag's customer
returns, closeouts, factory overruns and discontinued models and sell these
virtually new appliances at a significant discount to retail. ApplianceSmart
offers a 100% money-back guarantee as well as warranties on parts and labor.
ApplianceSmart, which has been offering special-buy Whirlpool appliances since
1997, has been engaged in a pilot program with Maytag for the past six months.
Edward R. (Jack) Cameron, president and chief executive officer, commented: "We
are extremely gratified to have entered into our second reverse logistics
agreement with a partner of Maytag's stature. Our Maytag agreement is an
extremely important development, since offering
a complete range of high-quality, special-buy Maytag appliances, including the
Maytag, Jenn-Air and Magic Chef brands, will significantly expand consumer
choice at our ApplianceSmart factory outlets. As a result, we believe our new
relationship with Maytag will help fuel the continued growth of our
ApplianceSmart operation."
Cameron continued: "Even though customer returns and other special-buy
appliances are virtually new, they are not integrated into the distribution
channels of appliance manufacturers. ApplianceSmart's reverse logistics concept
provides Maytag and Whirlpool with a dependable, high-volume outlet for these
appliances. For this reason, our reverse logistics business model represents a
win-win solution for our appliance manufacturing partners and ApplianceSmart."
ApplianceSmart recently opened its ninth factory outlet store in Apple Valley,
Minnesota, a Minneapolis/St. Paul suburb. The new Apple Valley outlet is
ApplianceSmart's largest, offering over 3,000 special-buy appliances in a
50,000-square-foot showroom.
ABOUT ARCA
Through its ApplianceSmart operation, ARCA is one of the nation's leading
retailers of special-buy Whirlpool and Maytag household appliances, which are
sold at a discount to full retail. As of October 2001, ApplianceSmart was
operating four stores in the Minneapolis/St. Paul market; two in the Dayton,
Ohio, market; two in the Columbus, Ohio, market; and one in Los Angeles. ARCA is
also one of the nation's largest recyclers of major household appliances for the
energy conservation programs of electric utilities.
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Statements about ARCA's outlook are forward-looking and involve risks and
uncertainties, including but not limited to: the speed at which individual
ApplianceSmart outlets reach profitability, the growth of appliance retail
sales, the strength of energy conseration recycling programs, and other factors
discussed in the Company's filings with the Securities and Exchange Commission.
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