MIAMI--DRYCLEAN USA, Inc. (AMEX: DCU), today reported improved operating results for both the six and three month periods ended December 31, 2003.

Revenues for the six month period ended December 31, 2003 were $7,441,172 compared to $7,281,638 from the same period of a year ago. Net income increased 22.4% to $279,247, or $.04 per diluted share, for the six month period of fiscal 2004, from $228,130, or $.03 per diluted share, for the same period of fiscal 2003. For the second quarter of fiscal 2004, revenues increased by 19.4% to $4,141,311 from $3,469,965 for the second quarter of last year. Net income for the three-month period increased to $196,088, or $.03 per diluted share in fiscal 2004 from $44,742, or $.01 per diluted share for the same fiscal 2003 period.

Venerando J. Indelicato, Chief Financial Officer of DRYCLEAN USA, Inc, stated: "We are gratified to see a substantial improvement in earnings for the six month period, over the same period of last year. Improved margins coupled with reduced selling and administrative expenses provided the Company with a 42.9% increase in operating income." He also reported, "Due to customer site construction delays some shipments scheduled for the first quarter were shipped in the second quarter. Therefore, it is more meaningful to analyze operating results for the full six-month period rather than by quarter."

DRYCLEAN USA, Inc. is one of the largest franchise and license operations in the dry cleaning industry, currently consisting of over 400 franchised and license stores in the United States, the Caribbean and Latin America. Founded in 1960, its dry cleaning and laundry machinery division is also one of the nation's leading distributors of industrial laundry, dry cleaning machines and steam boilers.

This press release contains certain information that is subject to a number of known and unknown risks and uncertainties that may cause actual results and trends to differ materially from those expressed or implied by the forward-looking statements. Information concerning such factors are discussed in Company reports filed with the Securities and Exchange Commission.

DRYCLEAN USA, Inc.

                     DRYCLEAN USA, Inc. (AMEX: DCU)

                Consolidated Statements of Operations

                         Six months ended       Three months ended
                           December 31,            December 31,
                         2003        2002        2003        2002

Revenues              $7,441,172  $7,281,638  $4,141,311  $3,469,965

Net earnings from
 continuing
 operations              279,247     188,154     196,088       4,766
Net earnings from
 disposal of
 discontinued
 operations                    -      39,976           -      39,976

Net earnings          $  279,247  $  228,130  $  196,088  $   44,742

Basic and diluted
 earnings per share:
  Continuing
   operations         $      .04  $      .03  $      .03  $      .00
  Discontinued
   operations         $        -  $      .00  $        -  $      .01

  Net earnings        $      .04  $      .03  $      .03  $      .01
Weighted average
 shares outstanding:
    Basic              7,003,983   6,996,450   7,011,515   6,996,450
    Diluted            7,035,662   6,996,450   7,074,872   6,996,450