Boston, MA 05/29/2013 (wallstreetpr) – In Tuesday’s trading session, shares of Envirostar Inc (NYSEMKT:EVI) rose by 11.46%. The opening price $1.66 touched an intraday high of $1.75 before dipping to $1.66 per share. More than 0.160M shares were traded in Tuesday’s trading session which was lower than the average volume of 0.431M that was measured over a period of 30 days.
Envirostar Inc (NYSEMKT:EVI) was incorporated on 13 June 1963. Via Steiner-Atlantic Corp. (Steiner), its wholly-owned subsidiary, the company is involved in distributing industrial and commercial laundry. It also deals in hot and steam water boilers and dry-cleaning equipment that is manufactured by others. It supplies accessories and replacement parts and also provides maintenance services for these, to its various customers. Envirostar Inc (NYSEMKT:EVI) designs and plans dry-cleaning, laundry and boiler systems. All these various systems are designed to meet volume, layout and budget needs of its varied industrial customers. The company also caters to similar needs for its institutional, commercial and retail, customers.
Via its DRYCLEAN USA License Corp, its wholly-owned indirect subsidiary, the company owns global rights to the DRYCLEAN USA name. Envirostar Inc (NYSEMKT:EVI) franchises as well as licenses this to retail drycleaners in the U.S, Latin America and the Caribbean. DRYCLEAN USA Development Corp is a wholly-owned indirect subsidiary. It enters into leases for new retail dry-cleaning setups. These are then resold to third parties. The industrial and commercial laundry equipment that is distributed by Envirostar Inc (NYSEMKT:EVI) features various equipment such as washroom, material handling, finishing, and mechanical equipment.
