ApplianceSmart, Inc. Signs Agreement with Almo Corporation to Add Samsung Appliances
MINNEAPOLIS, May 29, 2012 /PRNewswire/ -- Appliance Recycling Centers of America, Inc. (NASDAQ: ARCI) today reported that ApplianceSmart, Inc., a wholly-owned subsidiary, has become a dealer for Samsung Appliances through a partnership with Almo Corporation. Samsung, which is one of the fastest growing home appliance brands in the U.S., will allow ApplianceSmart to expand its service offerings and provide additional affordable appliance options for value-conscious consumers.
Bradley Bremer , President, ApplianceSmart, Inc., commented, "We are constantly assessing our manufacturer and product offerings so that we can have the most robust and affordable options for consumers who are shopping for significant discounts on innovative major appliances. Samsung has a history of being the first to market with key technological innovations backed by a high customer satisfaction rating, which solidified our decision to become a dealer."
Almo Corporation is a unique national distributor of major appliances as well as many other consumer and professional related products. The company operates over one million square feet of distribution space in ten strategically located warehouses in the U.S., allowing ApplianceSmart to capitalize on the cutting-edge appliance and logistical services related to Samsung appliances. ApplianceSmart began offering Samsung cooking, laundry, refrigeration and other kitchen appliances in select stores in May 2012 and will roll out Samsung product to all twenty stores in ApplianceSmart's four markets, which include Georgia, Minnesota, Ohio and Texas, by year end.
Through its ApplianceSmart, Inc. operation (www.ApplianceSmart.com), ARCA (www.ARCAInc.com) is one of the nation's leading retailers of special-buy household appliances, primarily those manufactured by Bosch, Electrolux, General Electric, Whirlpool and Samsung. These special-buy appliances, which include close-outs, factory overruns and discontinued models, typically are not integrated into the manufacturer's normal distribution channel. ApplianceSmart sells these new appliances at a discount to full retail, offers a 100% money-back guarantee and provides warranties on parts and labor. ApplianceSmart currently operates 20 stores: six in the Minneapolis/St. Paul market; one in the Rochester, Minn., market; one in the St. Cloud, Minn., market; four in the Columbus, Ohio, market; six in the Atlanta market; and two in San Antonio, Texas. ApplianceSmart's twenty-first store, which will be located in Eden Prairie, Minn., is set to open in the second quarter of 2012.
SOURCE Appliance Recycling Centers of America, Inc.
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