Appliance Recycling Centers of America Announces Plans To Open Fourth ApplianceSmart Factory Outlet In Columbus, Ohio, Market.MINNEAPOLIS -- Appliance Recycling Centers of America, Inc. (Nasdaq:ARCI ARCI Associazione Ricreativa Culturale Italiana (Italian Cultural Recreational Association) ARCI Association of Racing Commissioners International ARCI Acoustic Rapid COTS Insertion ARCI American Railway Car Institute ) today announced that it will open a 28,000-square-foot ApplianceSmart factory outlet superstore in Columbus, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. , in November 2007. Located at 2620 Sawmill sawmill, installation or facility in which cut logs are sawed into standard-sized boards and timbers. The saws used in such an installation are generally of three types: the circular saw, which consists of a disk with teeth around its edge; the band saw, which Plaza Boulevard in the large Sawmill Plaza shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into , the new factory outlet will be ApplianceSmart's fourth location in the Columbus market. ARCA also announced the closing of its small factory outlet in Compton, California Compton is a city located in Southern Los Angeles County, California, USA, southeast of downtown Los Angeles. The city was incorporated in 1888. As of the 2000 census, the city had a total population of 93,493. , in October to enable this facility to better focus on its appliance recycling operation. As a result of these actions, ApplianceSmart will be operating 15 factory outlets nationally. Edward R. (Jack) Cameron, president and chief executive officer, commented: "ApplianceSmart has established a strong presence in the Columbus market by offering customers a wide selection of high-quality, discount-priced appliances. The addition of a fourth outlet to serve this market will enable us to increase our market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" , while generating greater economies of scale as we leverage advertising support and other overhead expenses." About ARCA Through its ApplianceSmart (www.ApplianceSmart.com) operation, ARCA (www.arcainc.com) is one of the nation's leading retailers of special-buy household appliances, including such leading brands as Maytag, GE, Frigidaire and Whirlpool whirlpool, revolving current in an ocean, river, or lake. It may be caused by the configuration of the shore, irregularities in the bottom of the body of water, the meeting of opposing currents or tides, or the action of the wind upon the water. . 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 significant discount to full retail, offers a 100% money-back guarantee and provides warranties on parts and labor. As of mid-October 2007, ApplianceSmart was operating 14 factory outlets: five in the Minneapolis/St. Paul market; three in the Columbus, Ohio, market; four in the Atlanta market; and two in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. . 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. |
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