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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Consumer Reports Study Reinforces Need for Right to Repair Act

/PRNewswire/ -- According to the June 2010 issue of Consumer Reports, more Americans (74 percent) are very satisfied with independent repair shops for vehicle repairs than new car dealers (59 percent). To ensure that car owners can continue to choose between local repair shops and dealerships for vehicle repairs, Congress introduced the Motor Vehicle Owners' Right to Repair Act (HR 2057/S 3181).

In May 2009, Consumer Reports came out in support of the Right to Repair Act, stating that "Consumer Reports agrees, in principle, with the Right to Repair Act as it restricts its scope to 'repair' which would increase repair options for car owners."

"As evidenced by the Consumer Reports study, millions of car owners trust independent repair shops to provide affordable and competitive automotive repair service," said Kathleen Schmatz, president and CEO of the Automotive Aftermarket Industry Association (AAIA). "The top priority of the Right to Repair Act is motorist safety, ensuring that car owners know what is happening with their vehicles. To keep every motor vehicle serviced, repaired and operating safely, there must be equal access to safety alerts and repair information from the car companies."

The Right to Repair Act protects motoring consumers from a growing and potentially hazardous vehicle repair monopoly by requiring that car companies provide full access at a reasonable cost to all service information, tools and safety-related bulletins needed to repair motor vehicles, ensuring a competitive, level playing field between dealerships and independent repair shops. The legislation further provides car companies with strong protections for their trade secrets, only requiring them to make available the same diagnostic and repair information they provide their franchised dealers.

"It is important that every repair facility, whether a neighborhood repair shop or a new car dealer, has the same access to safety alerts and repair information from the manufacturers," said Ray Pohlman, president of the Coalition for Auto Repair Equality (CARE). "Supporters of Right to Repair are not seeking an unfair advantage, nor are they looking for access to the proprietary information protected by the bill. Instead, they are asking Congress to ensure that car owners, and not the car companies, decide where their vehicles are repaired."

The Right to Repair Act has bipartisan support in both chambers of Congress. The Senate version of the bill (S 3181) was recently introduced by Sens. Barbara Boxer (D-CA) and Sam Brownback (R-KS) and has 3 co-sponsors. The House version (HR 2057) was introduced by Reps. Edolphus Towns (D-NY), Anna Eshoo (D-CA) and George Miller (D-CA) and currently has 62 co-sponsors.

About Right to Repair:

The Motor Vehicle Owners' Right to Repair Act (S 3181) was introduced into the Senate by Sens. Barbara Boxer (D-CA) and Sam Brownback (R-KS). The House version of the bill (HR 2057) was introduced by Reps. Edolphus Towns (D-NY), Anna Eshoo (D-CA) and George Miller (D-CA). The Right to Repair Act protects consumers from a growing vehicle repair monopoly by requiring car companies to make the same service information and tools capabilities available to independent repair shops that they provide to their franchised dealer networks. The legislation further provides car companies with strong protections for their trade secrets. For more information about the Right to Repair Act, visit www.righttorepair.org.

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New National Guide for Donors Recognizes CCCS of Greater Atlanta as Foreclosure Prevention Leader

/PRNewswire/ -- In a newly-released national guide that identifies nonprofit organizations making the greatest difference helping people suffering in the current economic crisis, Consumer Credit Counseling Service (CCCS) of Greater Atlanta has been cited as a nationally recognized leader in effective housing counseling.

The Center for High Impact Philanthropy at the University of Pennsylvania recently published the guide, called "High Impact Philanthropy in the Downturn." The guide targets nonprofits that are preventing foreclosures, sustaining primary and preventive health programs and ensuring access to food. It provides descriptions of high-impact models for donors to fund, "cost per impact" estimates for each philanthropic opportunity, tips on finding and assessing local agencies and contact information for leading nonprofits.

CCCS of Greater Atlanta was cited as a "Model in Practice" for effective foreclosure prevention counseling in the investment guide. The guide says the nonprofit agency's low "cost per impact" is a major reason it is a model in foreclosure prevention counseling.

"The purpose of the guide was to identify where philanthropic capital could make a meaningful difference addressing the suffering caused by the current economic downturn," explained Katherina Rosqueta, executive director, Center for High Impact Philanthropy. "For donors focused on maximizing the social impact of their gifts, CCCS of Greater Atlanta's work represents great bang for the philanthropic buck."

In recognizing the Atlanta-based nonprofit, the guide says: "We estimate that it costs CCCS of Atlanta approximately $300 to keep one client in his or her home and avoid foreclosure activity for a year. By comparison, industry wide, the cost ranges from $500 to $3,800, based on the complexity of the issue."

The guide attributes several factors to CCCS of Greater Atlanta's strong "cost-per-impact" profile, such as its 45 years of experience working with people in financial distress; its strong commitment to data-driven decisions and investments in data management systems and its strong, professional culture that is reflected in its working relationships with mortgage servicers.

Suzanne Boas, president of CCCS of Greater Atlanta, said the agency is honored to be recognized by The Center for High Impact Philanthropy and hopes more homeowners will contact the agency to receive help to avoid foreclosure.

"We hope homeowners falling behind on their mortgage payments will not hesitate to call us to receive professional counseling at no cost," said Boas. "We realize that each and every homeowner is going through a difficult economic period and one of our housing counselors can help them understand all of their options, including how to avoid foreclosure."

In 2008, CCCS of Greater Atlanta answered more than 175,000 telephone calls from homeowners seeking to avoid foreclosure and provided foreclosure prevention counseling to more than 73,000 homeowners. This year, the agency anticipates that it will be provide foreclosure prevention counseling to more than 90,000 homeowners across the nation.

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