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XENIC CAPITAL/DRY CLEANING DEPOT ACQUIRES COLONY CLEANERS & LAUNDRY OUT OF FORT LAUDERDALE

 FORT LAUDERDALE, Fla., Feb. 2 /PRNewswire/ -- Xenic Capital (OTC Bulletin Board: XNCC) and its subsidiary, Dry Cleaning Depot, has just acquired Colony Cleaners & Laundry out of Fort Lauderdale. Presently, Xenic Capital is the only publicly traded dry cleaning company.
 The acquisition of Colony Cleaners & Laundry brings an additional 43 stores to Dry cleaning Depot's operations. This makes Dry Cleaning Depot one of the largest dry cleaning companies in the state of Florida. Dennis Crowley, president, said, "This acquisition cements our commitment to the industry and to the growth of Dry Cleaning Depot."
 -0- 2/2/93
 /CONTACT: Dennis Crowley, president of Xenic Capital/Dry Cleaning Depot, 305-568-5219/
 (XNCC)


CO: Xenic Capital/Dry Cleaning Depot; Colony Cleaners & Laundry ST: Florida IN: SU: TNM

AW-JB -- FL015 -- 1855 02/02/93 11:51 EST
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Publication:PR Newswire
Date:Feb 2, 1993
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