Brent L. Grazman to Join Central Parking Corporation as Vice President - Six Sigma.

Business Editors

NASHVILLE, Tenn.--(BUSINESS WIRE)--Feb. 7, 2002

Central Parking Corporation (NYSE:CPC) today announced that Brent L. Grazman, Ph.D. is joining the Company in the newly established position of Vice President - Six Sigma effective February 19, 2002.

Grazman is a Six Sigma Master Black Belt and has extensive experience with process and quality improvement using the Six Sigma tool set as well as other, complementary approaches. He has served as Director, Operational Excellence for Amazon.com since 2000, leading the Six Sigma rollout across Amazon's operations group. He previously served as Vice President-Six Sigma for GE Capital Mortgage Services. At GE Capital he led process improvement initiatives across a group of businesses encompassing approximately 3,000 associates and an $80 billion portfolio of mortgages and home equity loans. Grazman's academic background includes experience at the National Measurement Laboratory of the National Institute of Standards & Technology; a Ph.D. in Nuclear Analytical Chemistry from Texas A&M University, as well as bachelor's & master's degrees in chemistry from the University of Missouri-Columbia.

William J. Vareschi, Jr., Vice Chairman and Chief Executive Officer, commented, "Brent's qualifications equip him to spearhead the Six Sigma approach within Central Parking Corporation. His experience includes guiding continuous process improvement programs with large organizations having both U.S. and international operations. Our progress with the Six Sigma initiative has provided convincing evidence of the significant return we can gain from broadening and refining our activities in this area. We look forward to his contributions in increasing our efficiency, helping us deliver consistently high customer service and reinforcing our leadership in the parking services industry."

Central Parking Corporation, headquartered in Nashville, Tennessee, is a leading provider of parking and transportation management services. The Company operates approximately 4,000 parking facilities containing approximately 1.5 million spaces at locations in 38 states, the District of Columbia, Canada, Puerto Rico, the United Kingdom, the Republic of Ireland, Chile, Germany, Mexico, Poland, Spain, Venezuela and Greece.

This press release contains projections and other forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the Company's current views with respect to future events and financial performance. No assurance can be given, however, that these events will occur or that these projections will be achieved and actual results could differ materially from those projected as a result of certain factors. A discussion of these factors is included in the Company's periodic reports filed with the Securities and Exchange Commission.