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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 StZPIS6AI9RUcXK/9C88Xg==

<SEC-DOCUMENT>0000910680-03-000475.txt : 20030514
<SEC-HEADER>0000910680-03-000475.hdr.sgml : 20030514
<ACCEPTANCE-DATETIME>20030514172116
ACCESSION NUMBER:		0000910680-03-000475
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030514
ITEM INFORMATION:		Financial statements and exhibits
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20030514

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DRYCLEAN USA INC
		CENTRAL INDEX KEY:			0000065312
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE & TELEGRAPH APPARATUS [3661]
		IRS NUMBER:				112014231
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14757
		FILM NUMBER:		03700217

	BUSINESS ADDRESS:	
		STREET 1:		290 NE 68 STREET
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33138
		BUSINESS PHONE:		3057544551

	MAIL ADDRESS:	
		STREET 1:		290 NE 68 STREET
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33138

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	METRO TEL CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f904801.txt
<DESCRIPTION>MAY 14, 2003
<TEXT>

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934


         DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): MAY 14, 2003



                               DRYCLEAN USA, INC.
             ------------------------------------------------------
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)


                                    DELAWARE
                 ----------------------------------------------
                 (STATE OR OTHER JURISDICTION OF INCORPORATION)


         0-9040                                         11-2014231
 ------------------------                     ---------------------------------
 (COMMISSION FILE NUMBER)                     (IRS EMPLOYER IDENTIFICATION NO.)


               290 N.E. 68 STREET, MIAMI, FLORIDA          33138
               ---------------------------------------------------
               (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)


       REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (305) 754-4551


                                 NOT APPLICABLE
          -------------------------------------------------------------
          (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)



<PAGE>


Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.
- ------   ------------------------------------------------------------------

         (a)        Financial statements of business acquired: Not Applicable.

         (b)        Pro forma financial statements: Not Applicable.

         (c)        Exhibits:

                    99.01 DRYCLEAN USA, Inc.'s Press Release dated May 14, 2003.

Item 9.  Regulation FD Disclosure (Information is Being Provided Under Item 12).
- -------  -----------------------------------------------------------------------

         This information, furnished under "Item 9. Regulation FD Disclosure,"
is intended to be furnished under "Item 12. Results of Operations and Financial
Condition" in accordance with Securities and Exchange Commission Release No.
33-8216. The information in this Form 8-K, including the Exhibit attached
hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities
Act of 1934, nor shall it be deemed incorporated by reference in any filing
under the Securities Act of 1933, except as expressly set forth by specific
reference in such filing.

         On May 14, 2003, the Company issued a press release announcing its
results of operations for the third quarter of its 2003 fiscal year, ended March
31, 2003. A copy of the press release is attached as Exhibit 99.1 and is
incorporated herein by reference.


                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                      DRYCLEAN USA, Inc.


Date:    May 14, 2003                 By: /s/ Venerando J. Indelicato
                                          ----------------------------------
                                           Venerando J. Indelicato,
                                           Treasurer and Chief Financial Officer


                                       2
<PAGE>


                                  EXHIBIT INDEX
                                  -------------


Exhibit
Number          Description
- ------          -----------

99.01           DRYCLEAN USA, Inc.'s Press Release dated May 14, 2003.

















                                       3

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>exhb99_1.txt
<DESCRIPTION>99.01 - PRESS RELEASE
<TEXT>
                                                                   Exhibit 99.01


From:             DRYCLEAN USA, Inc.
                  290 NE 68th Street
                  Miami, FL  33138

                  Michael Steiner  (305) 754-4551
                  Venerando Indelicato  (813) 814-0722

                                                   RELEASE IMMEDIATELY

              DRYCLEAN USA, INC. REPORTS THIRD QUARTER RESULTS
              ------------------------------------------------

Miami, FL - May 14, 2003 - DRYCLEAN USA, Inc. (AMEX:DCU), today reported
operating results for the nine and three month periods ended March 31, 2003.

Revenues from continuing operations for the nine months ended March 31, 2003
were $10,474,795 compared to $10,552,380 for the same period of last year. Net
income increased to $305,757, or $.04 per diluted share, in the nine month
period of fiscal 2003 from $262,604, or $.04 per diluted share, for the same
period of fiscal 2002. For the third quarter of fiscal 2003 revenues from
continuing operations decreased 9.9% to $3,193,157 from $3,542,692 from the same
period of last year. Net income for the three month period decreased to $77,627,
or $.01 per diluted share, in fiscal 2003 from $128,178, or $.02 per diluted
share, in the same fiscal 2002 period.

"Revenues have been negatively impacted by the current sluggish economy in the
United States, Latin America and the Caribbean," said Venerando Indelicato,
Chief Financial Officer of DRYCLEAN USA, Inc. Mr. Indelicato also noted that the
Company recently hired a national sales manager to concentrate on expanding
sales of the Company's Green-Jet(R) dry-wetcleaning machine(TM). "This hiring
should enable us to better position our products to take full advantage of the
opportunities we foresee as the economy improves," indicated Mr. Indelicato.

On May 7, 2003, the Company prepaid the remaining $533,000 balance of its term
loan in full, becoming debt free. Mr. Indelicato indicated that the Company
prepaid the loan, which had been payable in monthly installments through
December, 2004, since management was confident that its revolving credit line
and cash on hand would be sufficient to meet current operational needs.

DRYCLEAN USA, Inc. is one of the largest franchise and license operations in the
dry cleaning industry, currently consisting of over 400 franchised and licensed
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.

                                       ###



<PAGE>

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. (AMEX:DCU)

                      Consolidated Statements of Operations

<TABLE>
<CAPTION>
                                                Nine months ended               Three months ended
                                                    March 31,                        March 31,
                                            2003              2002              2003             2002

<S>                                     <C>               <C>                <C>              <C>
Revenues                                $10,474,795       $10,552,380        $3,193,157       $3,542,692

Earnings before income taxes                442,969           562,218           129,379          318,486
Provision for income taxes                  177,188           224,886            51,752          127,394

Net earnings from
      continuing operations                 265,781           337,332            77,627          191,092
Net loss from discontinued
       operations                                             (74,728)                           (62,914)
Net gain on settlement of
      liabilities associated with
      discontinued operations                39,976

Net earnings                               $305,757          $262,604           $77,627         $128,178

Basic and diluted earnings per share:
     Continuing operations              $       .04       $       .05        $      .01       $      .03
     Discontinued operations                              $      (.01)                        $     (.01)
                                        -----------       -------------      ----------       -----------
     Net earnings per share             $       .04       $       .04        $      .01       $      .02

Weighted average shares outstanding
    basic and diluted                     6,996,450         6,333,334         6,996,450        6,996,450

</TABLE>


                                       2

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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