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November 20, 2009
Business Evaluation and Valuation (Part 1 of 2)

For those who have never met Richard Ehrenreich, let me introduce you: Ehrenreich is president of Olney, Md.-based Ehrenreich & Associates, and an industry guru. He has spent most of his life in the drycleaning business. For the last 40 years, he has assessed, valued and sold drycleaning plants, and now is a pre-eminent broker and evaluator of business worth in the industry.

June 30, 2008
USDC Completes Caesars Acquisition

NEWPORT BEACH, Calif. — U.S. Dry Cleaning Corp. (USDC) continued its aggressive acquisition pace last week, announcing completion of its buyout of Hawaii’s Caesars Cleaners.

November 12, 2007
Hawaiian Punished for Compliance Violations

HONOLULU, Hawaii — The former owner of a downtown Honolulu drycleaning plant was sentenced to 15 years probation for the improper use and disposal of perchloroethylene last week.

Xuan-Mai Pavey, the owner of Fantastique Inc. from 2000 to 2005, pleaded no contest to charges of unlawful disposal and abandonment of hazardous wastes in July, as well as an air-pollution violation.

October 31, 2007
U.S. Dry Cleaning Acquires Honolulu Chain

PALM SPRINGS, Calif. — Industry consolidator U.S. Dry Cleaning Corp. (USDC) announced last week that it has signed an acquisition agreement with Honolulu, Hawaii-based Robinson Corp., operator of the prominent Caesars Cleaners chain.

Under the agreement, U.S. Dry Cleaning will acquire Robinson Corp. for $2.15 million in cash, debt and common stock. The transaction will be completed before the end of 2007, following customary closing conditions.