Central Parking Awarded Chicago Transit Authority Park & Ride and Under 'L' Parking Contract.

NASHVILLE, Tenn. -- Central Parking System, Inc. (Central Parking), the nation's largest parking management company, today announced that its Chicago partnership, CPS Chicago Parking LLC, a partnership between Central Parking and Gomez Transportation, has been selected by the Chicago Transit Authority (CTA) to operate select Park & Ride lots totaling approximately 3,700 parking spaces. In addition, CPS Chicago Parking will maintain all of CTA's Under 'L' parking areas, spaces under the elevated tracks that can be leased for a monthly fee. CPS Chicago Parking expects to assume management of the facilities in December of this year.

"We are very pleased to be working with the CTA and look forward to adding the agency to our list of commuter related clients," said Emanuel J. Eads, President and Chief Executive Officer of Central Parking. "We believe that our ability to professionally plan and manage the installation of new technologies, while simultaneously increasing customer service, will add significant value to the CTA's bottom line."

The local management team, led by Vice President, Alan Kahn, and Partner, Armando Gomez, have extensive experience in the commuter parking and transportation business. In the late 1990's, Kahn led Central Parking's United Kingdom expansion into the privatization of parking and rail through British Rail's franchising of its network and outsourcing more than 300 rail station parking facilities under its management. Gomez, the owner of Gomez Transportation, is a former 30-year employee of United Airlines, which included work as the Director of Government and Public Affairs. Gomez Transportation is a local Chicago DBE firm specializing in transportation services, parking management, toll road operations, marketing and government affairs.

About Central Parking System

Central Parking System is the nation's leader in professional parking management. With offices in most major metropolitan areas in the United States, the Company operates approximately 2,400 parking facilities containing more than 1.1 million spaces. The Company's clients include some of the nation's largest owners and operators of mixed-use projects, office buildings, hotels, stadiums and arenas as well as airports, hospitals and municipalities. For more information on the Company, visit www.parking.com.