LG Electronics Leads Funding Round for Washlava

LG Electronics will be the lead investor in a Series A equity financing for Washlava, a Tampa-based company that has brought its cashless mobile technology to the laundry industry. Terms of the financing, including how much will be invested, has not been disclosed....
Renovated Colorado Laundry Holds Grand Re-Opening

Renovated Colorado Laundry Holds Grand Re-Opening

Evans Express Laundry Center in Evans, Colo., recently hosted a grand opening celebration – complete with wash and dry promotions, food, and giveaways. The store’s customers and local business owners attended this event, with the first 50 people through the door...

Laundrylux Acquires Direct Machinery Corp.

Laundrylux recently acquired Direct Machinery Corp., based in Hicksville, N.Y., and led by CEO Ron Hirsch. “Direct Machinery has represented Milnor and Chicago Dryer commercial laundry machinery with distinction for many years, serving diverse institutional customers...
Sales Tax Victory in Connecticut

Sales Tax Victory in Connecticut

Self-Service Laundry Retains Tax Exemption The recent $43.4 billion budget bill passed by the Connecticut General Assembly includes a number of changes to the Connecticut tax laws, including an expansion of the sales tax base to include new services. Fortunately,...

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