BNET Industries

Market Cap:$10.2M
Last Fiscal Year Sales:$110.9M
  • Public
  • US
Dow Jones Description

We are in the business of selling new major household appliances through a chain of Company-owned factory outlet stores under the name ApplianceSmart . We also provide turnkey appliance recycling services for electric utilities and other sponsors of energy efficiency programs. Subsidiaries . ARCA Canada Inc., a Canadian corporation, is a wholly-owned subsidiary. ARCA Canada was formed in September 2006 to provide turnkey recycling services for electric utility energy efficiency programs. The operating results of ARCA Canada have been consolidated in our financial statements. We were a sixty percent owner in North America Appliance Company, LLC (NAACO). NAACO was formed and commenced operations in June 2003 and was a retailer of special-buy appliances in Texas. The operating results of NAACO have been consolidated in our financial statements. We were a sixty percent owner in Productos Duraderos de Norte America (PDN), a Mexican corporation. PDN was acquired in September 2006 and refurbished room air conditioners for sale through our NAACO operation in McAllen, Texas, and through our ApplianceSmart Factory Outlet stores. The operating results of PDN have been consolidated in our financial statements.

President and Chief Executive Officer, Chairman of The Board
Edward R. Cameron
Number of Employees 413
Contact Information

7400 Excelsior Blvd

Minneapolis, Minnesota 55426

arcainc.com

(952) 930-9000

NAICS Code Recyclable Material Merchant Wholesalers: 423930

Recent Events

  • Appliance Recycling Centers of America Reports Third Quarter Operating Results

    11/09/09 - Financial Announcement - View Story

  • Appliance Recycling Centers of ARCI reports 2nd Quarter ending June 2009 below estimates

    8/13/09 - Financial Announcement - View Story

  • Arca Biopharma CEO resigns

    7/02/09 - Mgmt. Change Leaving - CEO - View Story

News & Analysis

appliance recycling centers of america - All News and Analysis

Decision Makers

Name (plus bio) Position
Linda A. Koenig Vice President
Peter P Hausback CFO & Executive Vice President, Recycling Operations
Bradley S. Bremer Vice President of Retail Operations
Bruce Wall Vice President, Resource Efficiency Programs
Jeffrey Brown Vice President, Recycling Sys
Jeffrey L Woloz Vice President, California
Joseph M Berta Vice President, Canada
Rachel L. Holmes Vice President of Business Development and Environmental Affairs
Denis E. Grande Partner
Cyndy Janzig Manager, HR
Jeffrey A. Cammerrer Corporate Controller
Patrick Winters Controller
George B Bonniwell

Board of Directors

Name (plus bio) Position
Edward R. Cameron President and Chief Executive Officer, Chairman of The Board
Albin S. Dubiak Board of Directors
Duane S. Carlson Board of Directors
Glynnis A Jones Board of Directors
Harry W. Spell Board of Directors
Morgan J Wolf Board of Directors
Thomas F. Hunt Board of Directors
W. William Bednarczyk Board of Directors

Organization Position Status
Appliance Recycling Centers of America, Inc. President and Chief Executive Officer, Chairman of The Board Current
Appliance Smart President Former
Air Flow Products Executive Vice President Former
Burroughs Corporation Account Manager Former
Montana State University Bachelor of Science Degree In Business Administration Former
Montana State University Business Administration Former

Array

Organization Position Status
Appliance Recycling Centers of America, Inc. Chief Financial Officer Current
Appliance Recycling Centers of America, Inc. Board of Directors Current
WTC Industries Inc. Accounting Manager Former

Peter Hausback brings 25 years of financial management and operations experience with various Fortune 500 and middle market public companies to ARCA. Hausback’s executive industry experience includes an extensive array of retail companies with global operations, including Granite City Food & Brewery Ltd., where as CFO he led the finance, accounting and IT departments, as well as all corporate office administration, while managing the external SEC reporting process and the SOX 404 implementation process. Hausback specializes in capital formation, financing, strategic planning, investor relations, SEC reporting, and merger and acquisitions, along with corporate governance including Sarbanes-Oxley 404. He has extensive financial management experience with various public companies including international finance and operations experience. Hausback has a strong accounting and audit background based on his experience as an internal auditor with a Fortune 100 company and five years of experience with Price Waterhouse, a major international accounting and audit firm. He maintains an active CPA license and has a BS in Business Administration from California State University in Long Beach, and an Executive MBA from Saint Mary’s College of California, in Moraga, California.

Organization Position Status
Appliance Recycling Centers of America, Inc. CFO & Executive Vice President, Recycling Operations Current
Saint Mary's College MBA Former

Bremer’s extensive experience in the appliance retailing industry includes sales and management positions with Sears Brand Central and Montgomery Ward. After graduating from the University of Minnesota Duluth, Bremer spent more than six years with Montgomery Ward in roles of increasing management responsibility. He served as associate buyer of laundry and dishwashers and project coordinator of Electric Avenue before being promoted to planning and allocation manager of furniture. Bremer also held the positions of regional market manager and group merchandising manager for Montgomery Ward.

Organization Position Status
Appliance Recycling Centers of America, Inc. Vice President of Retail Operations Current
Appliance Recycling Centers of America, Inc. Board of Directors Current
University of Minnesota Former

Bruce J. Wall is ARCA's vice president of resource efficiency programs, a position he has held since October 2000. In this capacity, Wall is responsible for expanding the scope of services offered to utility companies and developing programs to provide resource efficiency benefits. From 1993 to 1997, Wall served as national account manager for ARCA. From 1997 until rejoining the company in 2000, Wall worked for Northeast Energy Efficiency Partnerships, Inc., where he facilitated and managed groups to develop, implement and evaluate regional market transformation strategies.

Organization Position Status
Arca,Inc Vice President Current
Appliance Recycling Centers of America, Inc. Vice President, Resource Efficiency Programs Current
Appliance Recycling Centers of America, Inc. Board of Directors Current
Arca,Inc National Account Manager Former
Montana State University B.A. Former

Brown has 27 years of experience in sales, marketing and merchandising with Whirlpool Corporation, including management of retail field sales, national sales, corporate marketing, and corporate merchandising. Most recently, Brown worked closely with retail appliance dealers and appliance recyclers to develop a reverse logistics dealer network to manage discontinued, obsolete and damaged products for Whirlpool Corporation.

Organization Position Status
Appliance Recycling Centers of America, Inc. Vice President, Recycling Sys Current
North Dakota State University B.S. In Accounting Former
Tiffin University Former

Woloz directs the overall operations of ARCA’s regional recycling facilities in Compton, California, and Austin, Texas. He also oversees field client management services for Southern California Edison, San Diego Gas and Electric, Southern California Public Power Authority, Austin Energy and other energy efficiency replacement and recycling program clients in Southern California and Texas.

Organization Position Status
Appliance Recycling Centers of America, Inc. Vice President, California Current
Appliance Recycling Centers of America, Inc. General Manager Current
Network Services, LLC Director of Operations Former
California State University MBA Former

Organization Position Status
Appliance Recycling Centers of America, Inc. Vice President, Canada Current
Appliance Recycling Centers of America, Inc. Managing Director Current
Appliance Recycling Centers of America, Inc. Board of Directors Current
University of Windsor MBA Former

Rachel L. Holmes is ARCA's vice president of business development and environmental affairs, a position she has held since April 2008. In this capacity, Holmes focuses on business development, including strategic planning to identify and attract new clients to ARCA’s appliance recycling and replacement services. She directs ARCA’s environmental, industry and regulatory research, our participation in related industry and government initiatives and direct marketing and communications for ARCA’s appliance retirement and replacement services and ApplianceSmart factory outlets. Holmes earned her B.A. degree from the University of Minnesota.

Organization Position Status
Appliance Recycling Centers of America, Inc. Vice President of Business Development and Environmental Affairs Current
University of Minnesota B.A. Former

Denis E. Grande is a well-known trial lawyer with more than 25 years' experience in trying cases involving contracts, securities, construction, franchise and employment matters in state and federal courts. Grande is a partner in the firm of Mackall, Crounse & Moore. He and the firm have served as ARCA's general counsel since the company's inception. Grande is a graduate of Princeton University (A.B. 1969) and the University of Minnesota (J.D. 1972).

Organization Position Status
Appliance Recycling Centers of America, Inc. Partner Current
Appliance Recycling Centers of America, Inc. Secretary Current
Arca,Inc General Counsel Former
Appliance Recycling Centers of America, Inc. Secretary Former
University of Minnesota J.D. Former
Princeton University Former

Organization Position Status
Appliance Recycling Centers of America, Inc. Manager, HR Current

Jeffrey A. Cammerrer is ARCA’s Corporate Controller, a position he has held since July 2008. Cammerrer is responsible for the company’s day-to-day accounting and treasury functions, along with the company’s external financial reporting. Prior to joining ARCA, Cammerrer held the position of Director of Finance at Milestone AV Technologies. He was employed by Eschelon Telecom, Inc. for ten years in various accounting positions and left the company in 2007 as Vice President of Accounting. Cammerrer received his B.S. in Accounting from North Dakota State University and is a Certified Public Accountant.

Organization Position Status
Appliance Recycling Centers of America, Inc. Corporate Controller Current

Patrick J. Winters is ARCA's Controller, a position he has held since January 2005. Winters directs the company's financial and accounting compliance, compiles and analyzes ARCA's financial statements and manages all of the company's day-to-day accounting operations, including billing, collections and accounts payable. From 1998 to 2005, Winters held the positions of Accounting Manager, General Accounting Supervisor, and Accountant for ARCA. He received his bachelor of arts degree in accounting from St. John's University and is a Certified Public Accountant.

Organization Position Status
Appliance Recycling Centers of America, Inc. Controller Current
Arca,Inc Controller Current
Appliance Recycling Centers of America, Inc. Board of Directors Current
Arca,Inc Accountant Former
St. John's University Bachelor of Arts Degree In Accounting Former

Organization Position Status
Appliance Recycling Centers of America, Inc. Current
Hallum Inc. Former

Organization Position Status
Codex Corp Treasurer and National Small Cap Manager, U.S. Bancorp Current
Sisters Board of Directors Current
Codex Corp Board of Directors Current
Appliance Recycling Centers of America, Inc. Board of Directors Current
The University of Arizona MBA Former
Indiana University B.S. In Business Administration Former

Duane S. Carlson has been a director of the company since 1990. Carlson is currently a self-employed business consultant, as he was from 1988 to 1991. From 1991 to 1997, he was executive vice president and chief financial officer of NetStar, Inc., a company engaged in the development, manufacturing and marketing of high-speed computer communications equipment. He was a founder of NetStar, Inc. (now a subsidiary of Lucent Technologies) and was a member of its board of directors. Carlson was also a founder of Lee Data Corporation (which became Carleton Corporation and is now part of Oracle, Inc.) and from 1979 to 1988 served that company in various capacities, most recently as chief financial officer and executive vice president, and was also a member of its board of directors.

Organization Position Status
Appliance Recycling Centers of America, Inc. Board of Directors Current
Netstarinc Chief Financial Officer Former
Netstarinc Executive Vice President Former
Netstarinc Founder Former
University of Minnesota Bba Former

Glynnis Jones was appointed as an independent member of the company’s Board of Directors in March 2008 and stands for election to the board of directors at the May 2008 annual meeting of shareholders. Jones brings a wide breadth of experience and talent to the company. She formerly held the position of Vice President of Corporate Planning with ARCA from 1989 to 2003. In this capacity, she was responsible for developing the company’s environmental policies and representing the company before the California Public Utilities Commission and various state and federal environmental agencies. Prior to working for ARCA, Jones was an independent environmental consultant and previously worked for the Metropolitan Council of the Twin Cities, the State of Minnesota and the West Central Regional Development Commission. Jones earned a B.A. from the University of Wisconsin.

Organization Position Status
Appliance Recycling Centers of America, Inc. Board of Directors Current

Organization Position Status
Appliance Recycling Centers of America, Inc. Board of Directors Current

Morgan Wolf currently is a consultant specializing in budget planning and cost analysis for ARCA, as well as for other small local businesses. His 45-year retail career began with Sears and spanned 32 years in a variety of management positions throughout the upper Midwest, including sales promotion, store manager and district manager. After retiring from Sears, Wolf joined ARCA in 1996 as national quality control manager and subsequently held several other positions at the company, including vice president of operations, before retiring from ARCA.

Organization Position Status
Appliance Recycling Centers of America, Inc. Board of Directors Current

Thomas Hunt brings a wide breadth of experience and talent to the company. He was the former president of Medallion Capital, Inc. and Control Data Community Ventures Fund, Inc. (“CDCVFI”"), Medallion Capital’s predecessor. He began his career as an attorney and subsequently became legal counsel for Control Data’s venture capital group. Hunt has been involved in over 100 venture capital investments and has served on the board of directors of various private and public companies. Hunt has undergraduate and law degrees from the University of Tulsa.

Organization Position Status
Appliance Recycling Centers of America, Inc. Board of Directors Current
Medallion Capital, Inc. President Former
Medallion Capital, Inc. Vice President Former
Control Data Corporation Legal Counsel Former

W. William Bednarczyk has been a director of the Company since June 2005. Mr. Bednarczyk is currently an independent management consultant specializing in personal investment portfolios and venture capital activities. He formerly held the position of vice president, human resources/administration with Gelco Corporation and was director of employee/labor relations with The Toro Company. In addition, he was a partner in a Cost Cutter franchise, with salons in Wisconsin, Florida and Kansas. He served as a park commissioner and as treasurer for the City of Minneapolis and holds a B.A. from the University of St. Thomas and an M.A. in industrial relations from the University of Minnesota.

Organization Position Status
Appliance Recycling Centers of America, Inc. Board of Directors Current
Gelco, Inc. Vice President, Human Resources Former
The Toro Company Former
University of St. Thomas Treasurer Former
University of Minnesota M.A. In Industrial Relations Former
University of St. Thomas B.A. Former

Executive News

  • Appliance Recycling Centers of (ARCI) reports 2nd Quarter ending June 2009 below estimates

    Earnings Whispers - 8/13/09 - View Story

  • Appliance Recycling Centers of America Reports Second Quarter Operating Results

    PR Newswire - 8/11/09 - View Story

  • Appliance Recycling Centers of America Reports Second Quarter Operating Results

    Globe Investor - 8/11/09 - View Story

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     ARCI $2.23 -0.02 (-0.98% )
Average Volume 24,612
Shares Outstanding 4.58M
Market Cap 10.2M
Year High 3.99
Year Low 1.02
Earnings Per Share -0.47
P/E Ratio -4.74
Dividend N/A
Yield N/A
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