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APPLIANCE RECYCLING CENTERS OF AMERICA ANNOUNCES OFFERING OF COMMON STOCK

 MINNEAPOLIS, April 8 /PRNewswire/ -- Appliance Recycling Centers of America, Inc. (NASDAQ: ARCI) (ARCA) today announced the secondary offering of 400,000 shares of its common stock. The shares are being sold through a syndicate managed by Craig-Hallum, Inc. at $13.25 per share, with the net proceeds to the company of approximately $4.6 million being used to finance the expansion of the company's business and to provide additional working capital. Upon conclusion of the offering, the company will have 3,922,668 shares of common stock outstanding. The company has also granted the underwriters an over- allotment option to purchase up to an additional 60,000 shares.
 Appliance Recycling Centers of America, Inc. provides comprehensive appliance recycling services throughout the United States and Canada. The focus of the company's business is large-scale collection and processing of unwanted major household appliances in an environmentally sound manner.
 This announcement shall not constitute an offer to sell or the solicitation of an offer to buy securities. The offering is made only by the prospectus.
 -0- 4/8/93
 /CONTACT: Kent S. McCoy of ARCA, 612-331-1000; or Hal Tearse of Craig-Hallum, 612-342-0549, for ARCA/
 (ARCI)


CO: Appliance Recycling Centers of America, Inc. ST: Minnesota IN: ENV SU: OFR

KH -- MN015 -- 4261 04/08/93 12:55 EDT
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Publication:PR Newswire
Date:Apr 8, 1993
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