U.S. Dry Cleaning Names Industry Veteran Chief Operating Officer
U.S. Dry Cleaning Corporation
(OTCBB: UDRY) ("U.S. Dry Cleaning") today announced that Deborah Rechnitz, one of America's top consultants in the dry cleaning industry, will join the company as its Chief Operating Officer. The announcement was made by Robbie Lee, Chief Executive Officer of U.S. Dry Cleaning, the nation's fastest-growing chains of dry cleaning stores. U.S. Dry Cleaning increased its revenue by 125% with the acquisition of two chains during the first quarter of 2008.
"Deborah has been a consultant for U.S. Dry Cleaning since January of last year and has been instrumental in our last two acquisitions, rapidly assimilating them into our operations," said Mr. Lee. "She continues to help us maximize economies of scale, enabling U.S. Dry Cleaning to achieve significant cash flow improvement and thereby increase shareholder value," he added.
Ms. Rechnitz has been recognized as a top consultant in the dry cleaning industry for several years, having worked for many of the largest companies in the United States, Canada and Australia. She has also been Executive Director of the Northwest Drycleaners Association and is a regional Vice President of the International Drycleaners Congress.
"I believe that U.S. Dry Cleaning has a solid plan for growth in the midst of a rapidly changing industry," Ms. Rechnitz said, noting that the consolidation of the dry cleaning industry is following the same paths as other highly fragmented industries. "U.S. Dry Cleaning is the first company to truly recognize the opportunity in consolidation and I'm delighted to be a part of its exciting future."
Ms. Rechnitz holds BA and BS degrees from the University of Colorado, as well as an MBA from Case Western Reserve University.
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