Dryclean USA Inc. (DCU)

DRYCLEAN USA, Inc., together with its subsidiaries, provides commercial and industrial laundry and dry cleaning equipment, boilers, and replacement parts primarily in the United States, the Caribbean, and Latin America. The company offers its laundry and dry cleaning machines under the Aero-Tech, Multi-Jet, and Green-Jet brand names; and distributes commercial and industrial laundry equipment, including coin-operated machines, boilers, water reuse and heat reclamation systems, flatwork ironers, and automatic folders and feeders, as well as dry cleaning machines and steam boilers. It also designs and plans laundry and dry cleaning systems to meet the layout, volume, and budget needs of various institutional and retail customers; supplies replacement equipment and parts; and provides warranty and preventative maintenance services. In addition, the company sells individual and area franchises under the DRYCLEAN USA brand name. It serves independent and franchise dry cleaning stores and chains, hotels, motels, cruise lines, hospitals, nursing homes, government institutions, and distributors. The company was formerly known as Metro-Tel Corp. and changed its name to DRYCLEAN USA, Inc. in November 1999. DRYCLEAN USA, Inc. was founded in 1963 and is based in Miami, Florida.

For the three months ended 30 September 2006, DRYCLEAN USA, Inc.'s revenues increased 70% to $5.9M. Net income increased 73% to $187K. Revenues reflect an increase in income from commercial laundry & dry cleaning segment due to higher sales of commercial laundry equipment as well as increased sales of dry cleaning equipment. Net income also reflects an increase in interest income due to interest earned on higher outstanding bank balances.