October 17, 2008
Mac-Gray to Release Third Quarter 2008 Financial Results on Thursday, October 30th
WALTHAM, Mass., Oct. 17 /PRNewswire-FirstCall/ -- In conjunction with its regularly scheduled quarterly financial results news release, Mac-Gray Corporation , the nation's premier provider of laundry facilities management services to multi-unit housing locations, plans to broadcast its third-quarter 2008 financial results conference call live over the Internet on Thursday, October 30, 2008 at 10:00 a.m. ET.
During the call, Stewart G. MacDonald, Mac-Gray's chairman and chief executive officer and Michael J. Shea, executive vice president and chief financial officer, will summarize the Company's third-quarter 2008 financial results, and review the business and operating highlights.
About Mac-Gray Corporation
Founded in 1927, Mac-Gray derives its revenue principally through the management of card- and coin-operated laundry facilities in multiple housing facilities such as apartment buildings, college and university residence halls, condominiums and public housing complexes. Mac-Gray contracts its laundry facilities under long-term leases. These leases typically grant Mac- Gray the exclusive contract rights to laundry facilities on the lessor's premises for a fixed term, which is generally 7 to 10 years, in exchange for a negotiated portion of the revenue collected. Mac-Gray serves approximately 80,000 multi-housing laundry facilities located in 43 states and the District of Columbia.
Mac-Gray also sells, services and leases commercial laundry equipment to commercial laundromats and institutions through its product sales division. This division also includes the Company's MicroFridge(R) business, where Mac- Gray sells its proprietary MicroFridge(R) line of products, which are combination refrigerators/freezers/microwave ovens utilizing patented Safe Plug(TM) circuitry. The products are marketed throughout the United States to colleges, the federal government for military housing, hotels and motels, and assisted living facilities. MicroFridge(R) also markets Whirlpool's Magic Chef(R), Amana(R) and Maytag(R) lines of home appliances under its MaytagDirect(TM) program throughout the United States. MicroFridge(R) and Maytag(R) products bear the ENERGY STAR(R) designation. To learn more about Mac-Gray, visit the Company's website at http://www.macgray.com/.
Intelligent Laundry(TM) Solutions, Intelligent Laundry(TM) Systems, LaundryView(TM), PrecisionWash(TM) and MaytagDirect(TM) are trademarks of Mac- Gray Corporation. MicroFridge(R) is a registered trademark of Mac-Gray Corporation. All other product names, service marks and trademarks mentioned herein are trademarks of their respective owners.
Contacts: Michael J. Shea Chief Financial Officer Mac-Gray Corporation 781-487-7600 Email: [email protected] Jim Buckley Executive Vice President Sharon Merrill Associates, Inc. 617-542-5300 Email: [email protected]
CONTACT: Michael J. Shea, Chief Financial Officer of Mac-GrayCorporation, +1-781-487-7600, [email protected], or Jim Buckley, ExecutiveVice President of Sharon Merrill Associates, Inc., +1-617-542-5300,[email protected]
Web site: http://www.macgray.com/