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September 27, 2001

DRYCLEAN USA, Inc. Announces Year End Results

MIAMI -- (BUSINESS WIRE) -- DRYCLEAN USA Inc, (AMEX: DCU) today reported reduced revenues and earnings for the fiscal year ended June 30, 2001.

Revenues for fiscal 2001 were $18,720,982 compared to $19,524,499 for fiscal 2000. Net income was $122,471, or $.02 per diluted share, this year compared to net income of $965,449, or $.13 per diluted share, last year.

Venerando J. Indelicato, Chief Financial Officer of DRYCLEAN USA, Inc. said, ``The downturn in the economy hit us twofold. Telecommunications sales were substantially reduced despite heavy expenditures in selling expenses and a number of bad debts affected the laundry and dry cleaning equipment division.'' He also stated that the Company has reduced its operating costs, especially in the telecommunications division, to meet the challenges of a sustained economic downturn.

DRYCLEAN USA, Inc. is one of the largest franchise and license operations in the dry cleaning industry and currently consists of nearly 400 franchised and licensed stores in the United States, the Caribbean and Latin America. Founded in 1960, the equipment subsidiary is one of the nation's leading distributors of industrial laundry, dry cleaning machines and steam boilers.

Aside from its wholesale and retail dry cleaning operations, DRYCLEAN USA, Inc., through its Metro Tel division, also manufactures telecom test equipment and peripheral telephone products.

This press release contains certain information and projections that may be considered forward-looking by securities law and, is subject to certain risks and uncertainties. The Company's future results of operations and other forward looking statements contained in this press release involve a number of risks and uncertainties including, but not limited to, business conditions and the general economy, competitive factors and acceptance of the Company's products. Actual results may differ materially.

                     DRYCLEAN USA, Inc. (AMEX: DCU)
                 CONSOLIDATED STATEMENTS OF OPERATIONS

                                          Year Ended      Year Ended
                                           June 30,        June 30,
                                             2001            2000

Revenues                                 $18,720,982     $19,524,499

Earnings before provision for
    Income taxes                             198,471       1,529,449
Provision for income taxes                    76,000         564,000

Net earnings                                 122,471         965,449

Earnings per share
  Basic                                  $       .02     $       .14
  Diluted                                        .02             .13

Weighted average number
 of outstanding shares
    Basic                                  7,001,250       6,952,083
    Diluted                                7,121,155       7,305,931

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