Central Parking Corporation Acquires Louisiana Parking Company.Business Editors NASHVILLE, Tenn.--(BUSINESS WIRE)--Jan. 14, 2002 Central Parking Corporation (NYSE NYSE See: New York Stock Exchange : CPC (1) (Central Processing Complex) An IBM mainframe that has two or more central processors (CPs) that share memory. It is the collection of processors, memory and I/O subsystems manufactured with a single serial number, typically all contained in one cabinet. ) today announced that it has acquired Park One of Louisiana CODE, OF LOUISIANA. In 1822, Peter Derbigny, Edward Livingston, and Moreau Lislet, were selected by the legislature to revise and amend the civil code, and to add to it such laws still in force as were not included therein. , LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a privately-held parking company headquartered in New Orleans. The parking operations that were purchased encompass 40 locations in metropolitan New Orleans and the surrounding region. The purchase price and other terms of the transaction were not disclosed. William J. Vareschi, Jr., Vice Chairman and Chief Executive Officer, said, "This is a strategic acquisition that provides us with valet and related parking services. Our plans in New Orleans are to retain the Park One brand and signage on the acquired locations. We remain interested in expanding through similar, accretive acquisitions in markets that will fill service voids and are complementary to our existing base of operations Noun 1. base of operations - installation from which a military force initiates operations; "the attack wiped out our forward bases" base air base, air station - a base for military aircraft army base - a large base of operations for an army ." Central Parking Corporation, headquartered in Nashville, Tennessee, is a leading provider of parking and transportation-related services. The Company operates approximately 4,100 parking facilities containing approximately 1.5 million spaces at locations in 40 states, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , 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. |
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