Appliance Recycling Centers of America Announces Peter Hausback as Executive Vice President and CFO

MINNEAPOLIS, Feb. 27 /PRNewswire-FirstCall/ -- Appliance Recycling Centers of America, Inc. (NASDAQ:ARCI) today announced that it has hired Peter Hausback for the newly created position of Executive Vice President and Chief Financial Officer.

Hausback will oversee finance, investor relations, human resources, information systems and strategic planning. Along with his financial oversight duties, Hausback holds responsibility for directing all aspects of ARCA's utilities management, including the operations of the company's satellite facilities.

Hausback brings forth 25 years of experience in capital formation, financing, strategic planning, investor relations, and SEC reporting, along with significant Sarbanes-Oxley compliance experience. Hausback has a strong track record as a leader in corporate development and finance with various companies in the retail industry, most recently as Chief Financial Officer of Granite City Food & Brewery. Early in his career he worked for the international accounting firm of Price Waterhouse. Mr. Hausback is a Certified Public Accountant and holds an MBA.

"Now that we are reaching various new levels as a middle market company, Peter Hausback adds a strong level of experience to our existing team of professionals to support the continued long-term growth of ARCA. His new position with us reflects the outstanding skills and depth of expertise he has established through 25 years of experience in executive financial management and operations. His knowledge will contribute immediately to ARCA's success," commented Edward (Jack) Cameron, president and CEO.

About ARCA

ARCA is one of the nation's largest recyclers of major household appliances for the energy conservation programs of electric utilities. Through its ApplianceSmart operation, ARCA is also one of the nation's leading retailers of special-buy household appliances, primarily those manufactured by Maytag, GE, Frigidaire and Whirlpool. These special-buy appliances, which include close-outs, factory overruns and scratch-and-dent units, typically are not integrated into manufacturers' normal distribution channels. ApplianceSmart sells these virtually new appliances at a discount to full retail, offers a 100% money-back guarantee and provides warranties on parts and labor. As of February 2008, ApplianceSmart was operating fifteen factory outlets: five in the Minneapolis/St. Paul market; four in the Columbus, Ohio, market; four in the Atlanta market; and two in San Antonio, Texas

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 and Mr. Hausback's contribution to the company's organization. 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.

Visit our web sites at http://www.arcainc.com/ and
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Source: ARCA

CONTACT: Edward R. (Jack) Cameron, or Peter Hausback, EVP and CFO, both
of ARCA, +1-952-930-9000

Web site: http://www.arcainc.com/
http://www.appliancesmart.com/

2008-02-27 18:50:01 0300153 PRNEWSWIRE