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Non-Tech : Coinmachine Laundry -- WDRY -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (12)	2/13/1998 2:39:00 AM
From: Bill Wexler	Respond to of 116

Damnit Barb, you beat me to it!!!! I was about to post a message with a contest to see who can guess when the company will issue a press release "refuting Asensio's allegations", claiming that he "doesn't understand the business", and raising questions about short-sellers "hidden agendas". I even saw an "Asholio" comment on the Yahoo message board already! But I figure it's probably from that insane "JJB" guy from the Solv-ex thread who keeps posting those bizarre anti-Asensio rants on the Avant thread.

To: Mama Bear who wrote (12)	2/13/1998 9:40:00 AM
From: Don Westermeyer	Read Replies (1) \| Respond to of 116

Barb, I only entered half my intended short position yesterday. Should have went all the way I guess and covered some just based on the PR. Soon the market will forget and the stock may move up. I don't think this stock will be as fun as AVNT though! edit- Ooops! Lost another point. I guess no bouncy for this thing yet!

To: Mama Bear who wrote (12)	2/14/1998 6:30:00 AM
From: Mama Bear	Read Replies (2) \| Respond to of 116

Hmm, this is a little less hyperbolic than I was expecting. All of the elements are there, but I have to admit WDRY showed a bit of class in their sophistry. Barb ---------------------------------------------------------------------- Coinmach Reaffirms Financial Performance and Accuracy of Reporting CHARLOTTE, N.C., Feb. 13 /PRNewswire/ -- In response to inquiries regarding a recently issued research report on the Company, Coinmach Laundry Corporation (Nasdaq: WDRY) today reaffirmed without qualification the accuracy and validity of the statements and information provided to investors regarding the Company's financial performance, as well as its reporting practices and procedures. Stephen R. Kerrigan, Coinmach's chairman and chief executive officer, stated, "I believe that sophisticated investors recognize value and performance, which Coinmach has and will strive to continue to deliver. Investors understand that short-sellers are financially motivated institutions, shorting stocks with a view toward generating quick profits." Coinmach is the nation's leading provider of outsourced laundry services for multifamily properties. Coinmach has been successfully executing a strategy of growth through acquisitions since early 1995, completing seven significant acquisitions and expanding its national presence. Pro forma for the recently announced Macke transaction, Coinmach will own and operate approximately 675,000 washers and dryers throughout the United States. SOURCE Coinmach Laundry Corporation CO: Coinmach Laundry Corporation ST: North Carolina IN: HOU REA SU: 02/13/98 14:55 EST prnewswire.com