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.
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.