LAS VEGAS, Sept. 11, 2019 /PRNewswire/ -- Appliance
Recycling Centers of America, Inc. (NASDAQ: JAN) today
announced that, on September 10,
2019, the company has been renamed JanOne Inc. and,
effective this morning, now trades under the ticker symbol JAN,
with a new CUSIP number (47089W 104). The company previously
announced on September 5 that it was
changing its name and broadening its business perspectives to
include innovative solutions to the opioid epidemic, with a focus
on developing non-addictive painkillers. The company will
continue to operate its legacy businesses in the ordinary
course. The company's former symbol, ARCI, has been
discontinued.
The company's new name, JanOne, expresses the start of a new day
in the fight against the opioid epidemic. January One is the first
day of a New Year – a day of optimism, resolution, and hope.
JanOne affirms the company's strategic commitment to fresh thinking
and innovative means to assist in ending the worst drug crisis in
our nation's history.
About JanOne
JanOne, formerly Appliance Recycling Centers of America, Inc.,
and subsidiaries, is a unique Nasdaq-listed company that recently
re-positioned and broadened its business perspectives to combat the
opioid crisis through innovative solutions such as developing
revolutionary, non-addictive painkillers. The re-positioning is
intended to open up significant new business opportunities while
drawing private-sector resources into an urgent public health
crisis. The company continues to operate its legacy businesses –
ARCA Recycling and GeoTraq – under their current brand names.
JanOne's subsidiary, ARCA Recycling, recycles household appliances
by providing turnkey recycling and replacement services for
utilities and other sponsors of energy efficiency programs.
JanOne's subsidiary GeoTraq engages in the development, design and,
ultimately, expected sale of Mobile IoT modules.
Contact:
Amy Rosen
Rubenstein PR
Tel: 212-805-3023
Email: arosen@rubensteinpr.com
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SOURCE JanOne