Mac-Gray Celebrates 'Earth Day' with Corporate Initiatives Focused on Saving 300 Million Gallons of Water Each Year
18 4월 2005 - 10:03PM
PR Newswire (US)
Mac-Gray Celebrates 'Earth Day' with Corporate Initiatives Focused
on Saving 300 Million Gallons of Water Each Year Offers Rebates for
High-Efficiency Washing Machines; Environmentally Friendly Washers
Also Provide Mac-Gray Customers With Significant Savings on Water
and Utility Costs CAMBRIDGE, Mass., April 18 /PRNewswire-FirstCall/
-- Mac-Gray Corporation (NYSE:TUC), the nation's premier provider
of laundry facilities management services to multi-unit housing
locations including apartment properties, condominiums, military
housing and hotels, and the nation's largest provider of these
services to college and university residence halls, today announced
it has established a corporate goal of saving its customers 300
million gallons of water each year. To help achieve that goal, the
Company has introduced rebates of up to $350 per unit on select
high-efficiency commercial washers. The program, available only for
a limited time, is being offered through Mac-Gray's partnership
with Maytag Corporation (NYSE:MYG). "The program is extremely
beneficial to existing and prospective Mac-Gray customers who will
have state-of-the-art, water and energy-saving commercial washers
installed in their laundry rooms, receive a sizable rebate per
machine and lower their overall operating costs," said Neil
MacLellan, chief operating officer for Mac-Gray. "Based on a
conservative estimate of two cycles a day per washer, our clients
can decrease their water and utility costs by more than $100
annually per high-efficiency machine installed." "Part of what
makes Mac-Gray unique within the commercial laundry industry is our
strong commitment to the environment," MacLellan continued. "In
fact, we are the only laundry facilities contractor that has been
designated as an ENERGY STAR(R) PARTNER by the Department of
Energy. We currently operate more than 35,000 high-efficiency
washers across the United States. Through those machines, we
estimate that we are currently saving customers approximately 250
million additional gallons of water annually. Our goal is to
increase that water savings number to more than 300 million
gallons." The rebates are available for qualified units placed in
operation in apartments, condos, co-ops, laundromats or colleges
and universities. For more information about the rebate program,
please visit Mac-Gray's website at http://www.macgray.com/ or by
calling the Company's sales department at 800-298-1022 ext. 374. On
a related front, Mac-Gray aggressively supports the Department of
Energy's recently proposed ENERGY STAR(R) clothes washer criteria
which will lead to highly water-and-energy efficient commercial
clothes washers beginning in 2007. The Company also backs Congress'
efforts to advance energy legislation with a strong emphasis on
energy efficiency and conservation, including tax incentives for
the production and sale of high-efficiency appliances. "Over the
next decade, there will be significant changes to the commercial
laundry space due to increased political awareness that the public
can benefit from regulating energy consumption of commercial
washing machines, similar to residential washing machines. At
Mac-Gray we support that legislative agenda and have been preparing
to meet those higher standards for a long time," said MacLellan.
About Mac-Gray Corporation Founded in 1927, Mac-Gray derives its
revenue principally through the contracting 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 rooms under long-term leases. These leases
typically grant Mac-Gray exclusive contract rights to laundry rooms
on the lessor's premises for a fixed term, which is generally seven
to 10 years, in exchange for a negotiated portion of the revenue
collected. Mac-Gray's laundry facilities business consists of
approximately 45,000 multi-housing laundry rooms located in 40
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 has entered into agreements with
Maytag Corporation to market Maytag'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/.
Contacts: Neil MacLellan Chief Operating Officer Mac-Gray
Corporation 617-492-4040 Email: Jim Buckley Executive Vice
President Sharon Merrill Associates, Inc. 617-542-5300 Email:
DATASOURCE: Mac-Gray Corporation CONTACT: Neil MacLellan, Chief
Operating Officer of Mac-Gray Corporation, +1-617-492-4040, ; or
Jim Buckley, Executive Vice President of Sharon Merrill Associates,
Inc., +1-617-542-5300, Web site: http://www.macgray.com/
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