Monday, December 6, 2010

Consumer Product Services Announces the Opening of its Fifth Returns and Remanufacturing Center in Atlanta Georgia

/PRNewswire/ -- Consumer Product Services (symbol CPSV) today (December 3) announced the opening of its fifth (5th) consumer returns and remanufacturing center in Acworth Georgia. The Acworth facility was planned due to the continuing growth of the CPS client base requiring North American scalability, flexibility, reliability, consistency, transparency and rapid deployment of competitive reverse logistics solutions available through the CPS "Single Source Solution" approach to reverse supply chain management.

Mr. Darren Krantz, the Company's CEO stated, "With the opening of the Atlanta facility, we have greatly expanded our capacity and more importantly have created the ability to capture product in the strategic Southeastern corridor. Our existing clients as well as potential new clients require that we have strategically located logistic and remanufacturing facilities within certain geographic zones. This new facility is of key importance."

Acworth is located in the northwest quadrant of the Atlanta metro area. The newly constructed facility is located in the Cherokee Commons Industrial Park adjacent to I-75. The facility maintains over 50,000 sq feet of space dedicated to returns management and remanufacturing of CPS client products in the categories of major appliances, small appliance, outdoor power, air comfort and floor care.

Like other CPS facilities, Acworth is a multi client facility that provides state of the art engineering quality labs for on site defect data collection and reporting, debit reconciliation, remanufacturing, parts recovery, recycling as well as fulfillment services on behalf CPS clients. According to Michael Edwards CPS VP, Logistics and Supply Chain, Acworth is strategically located to service in excess of 25% of the US population and major retailer stores in the region within one day of shipment. This is a decided advantage in reducing transportation costs, improve inventory velocity and minimize exposure to cosmetic and mechanical damage incurred from longer transit times and multiple handlings through the carrier supply chain.

Consumer Product Services was founded in 2002 and is corporately based in Deer Park, Long Island, New York. In addition to operating five (5) North American returns and remanufacturing centers, CPS consists of five interrelated companies including Consumer Product Services for remanufacturing, CPS Supply Chain Services for transportation and warehousing, CPS Warranty Group for first and second warranty placement as well as B to C web stores and B to B auction sites.

CPS is dedicated to the principles of:

* Operational and Financial Benefits for our Clients
* Market Control
* Support of Brand Loyalty
* Continuous Quality Improvement
* Environmental Stewardship
* Creation of North American Jobs

This document may include statements that constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "expect", "anticipate", or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the Company's ability to secure capital to fund current operations; future trends in the returns business; financial, environmental or remanufacturing difficulties affecting the Reverse Logistics and Remanufacturing programs; uncertainties surrounding estimates of product returns; and other risks associated with the Company's business. By making these forward-looking statements, CPS undertakes no obligation to update these statements for revisions or changes in the future 

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