Central Parking Corporation Expands Service Array to Include Self-Service Luggage Carts.

Business Editors

NASHVILLE, Tenn.--(BUSINESS WIRE)--Oct. 30, 2002

Central Parking Corporation (NYSE:CPC) today announced that it has expanded the array of services it offers airports and related transportation facilities to include self-service luggage carts. The Company is initiating its Central Carts(R) service in conjunction with parking contracts at Phoenix International Airport and Lambert-St. Louis International Airport. The multi-year concession agreements, for which the Company is the majority operator at each location, involve a total of 3,300 luggage carts. Central Carts(R) service at Lambert-St. Louis International Airport commences December 2, 2002 and at Phoenix International Airport in January 2003.

Emanuel Eads, president of business development for Central Parking Corporation, commented, "Adding this service is a logical extension to the parking, shuttle and other product lines we provide to airports and rail stations. Central Carts(R) provides patrons the latest in European technology and convenience. The carts are brake-equipped; they can be customized to fit a venue's specifications; and the dispensers will accept coins, cash or credit cards. Since we already have full operating staffs in most major U.S. cities, we are able to leverage our existing resources to deploy and maintain the equipment, thereby further enhancing our productivity. From the investment side, we view this as a positive source of ancillary income, and our intent is to market Central Carts(R) aggressively."

Central Parking Corporation, headquartered in Nashville, Tennessee, is a leading provider of parking and related transportation services. The Company operates approximately 3,900 parking facilities containing approximately 1.6 million spaces at locations in 39 states, the District of Columbia, Canada, Puerto Rico, the United Kingdom, the Republic of Ireland, Chile, Colombia, Germany, Mexico, Peru, Poland, Spain, Switzerland, 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.