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November 15, 2010
IPSO Honors Two Leading Distributors

RIPON, Wis. — IPSO recently honored two of its leading distributors, D&M Equipment and Laundry Equipment Services (LES), with its Award of Excellence. The awards were presented based on sales growth, commitment to the IPSO brand, customer service and after-sale support, the equipment manufacturer says.

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.

September 12, 2007
U.S. Dry Cleaning Acquires Top California Chain

PALM SPRINGS, Calif. — U.S. Dry Cleaning Corp. announced yesterday it has signed an agreement to acquire the No. 1 drycleaning chain in California’s Central Valley. With 18 stores in and around Fresno, Calif., and two more in Arizona, the chain will add more than $6.5 million to U.S. Dry Cleaning’s existing $10 million in annual sales.

September 5, 2007
U.S. Dry Cleaning Begins Trading on OTC Market

PALM SPRINGS, Calif. — Shares of U.S. Dry Cleaning Corp. began trading last week on the over-the-counter bulletin board (OTCBB) under the symbol UDRY. The stock and an initial public offering completed in July makes it the first retail drycleaning chain to be traded publicly in the U.S., the company says.

July 25, 2007
U.S. Dry Cleaning IPO Targets National Chain

PALM SPRINGS, Calif. — U.S. Dry Cleaning Corp. announced last week that it has completed an initial public offering (IPO) of approximately $6 million, which will be earmarked toward its effort to build a national chain.

“We are very excited to complete the first IPO in the drycleaning industry,” says Robert Y. Lee, CEO director and co-founder of the company. “Several outstanding financial companies have supported our vision to become the industry’s first national, premier chain.