Coinmach Service Corp. Declares Dividend and Announces Year-End Earnings Call

Coinmach Service Corp.(Amex:"DRA","DRY"), a leading
supplier of outsourced laundry equipment services for multi-family
housing properties in North America, announced dividend payments on
its outstanding Class A common stock, IDS units and Class B common
stock.
   With respect to the Class A common stock, the Company announced a
dividend payment of $0.206 per share. The dividend payment on the
Class A common stock not underlying IDSs will approximate $3.0 million
in the aggregate.
   Each IDS unit will receive a distribution of $0.375, which will
consist of a declared dividend of approximately $0.206 per share of
Class A common stock underlying such IDS unit (or approximately $2.9
million in the aggregate) and an interest payment of approximately
$0.169 per note underlying such IDS unit (or approximately $2.4
million in the aggregate).
   The Company also declared a dividend on its shares of Class B
common stock outstanding in an approximate amount of $0.535 per share
(or approximately $12.5 million in the aggregate) in respect of the
five fiscal quarter period ended March 31, 2006 (of which $2.5 million
related to the quarter ended March 31, 2005 and $10 million related to
the fiscal year ended March 31, 2006). This dividend represents the
maximum dividend payment to which the holders of Class B common stock
are entitled to receive for such five quarter period. Class A common
stock dividends are paid quarterly, and Class B common stock dividends
are paid annually.
   The Company plans to announce its March 31, 2006 fiscal year-end
financial results after market close on Tuesday, May 23, 2006, and has
scheduled a conference call to discuss its financial results at 10:00
a.m. Eastern Standard Time on Wednesday, May 24th.
   The distributions payable in respect of the IDSs and the dividends
payable in respect of the Class A common stock and the Class B common
stock will be paid on June 1, 2006 to holders of record as of the
close of business on Thursday, May 25, 2006.
   Based on the closing IDS unit price of $16.97 at the end of
trading on Monday, May 15, 2006, the total quarterly payment of
approximately $0.375 per IDS unit (which includes both dividends and
interest) represents an annualized yield of approximately 8.8%. Also,
based on the closing price of the Class A common stock of $9.71 at the
end of trading on Monday, May 15, 2006, the total quarterly payment of
approximately $0.206 per share represents an annualized yield of
approximately 8.5%.
   The IDS distribution is consistent with the Company's dividend
policy pursuant to which it plans to make annual distributions to IDS
holders aggregating approximately $1.50 per unit, representing
approximately $0.675 per unit of interest payments and approximately
$0.825 per unit of dividend payments, and annual dividends to holders
of Class A common stock aggregating $0.825 per share. The next
anticipated dividend and interest payment date for the IDS unit and
Class A common stock is scheduled for September 1, 2006.
   Parties interested in participating in the May 24th conference
call may access the teleconference via a webcast on Coinmach's
Investor Relations page, www.coinmachservicecorp.com, or by dialing
1-800-811-8824 (1-913-981-4903 for international callers) and using
the pass code 7471412 at least five minutes before the start of the
call. The call will be open to the public with a question and answer
session at the end of the call. A replay of the conference call will
be available for 30 days on Coinmach's Investor Relations page.
   Coinmach Service Corp., through its operating subsidiaries, is a
leading supplier of outsourced laundry equipment services for
multi-family housing properties in North America. Coinmach's core
business involves leasing laundry rooms from building owners and
property management companies, installing and servicing laundry
equipment and collecting revenues generated from laundry machines.