Central Parking Corporation Plans Vigorous Defense against Shareholder Complaint.Business Editors NASHVILLE, Tenn.--(BUSINESS WIRE)--June 19, 2003 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. ) announced that a purported securities class action complaint was filed yesterday, June 18, 2003. The complaint was filed in the United States District Court for the Middle District of Tennessee The United States District Court for the Middle District of Tennessee is the federal trial court for most of Middle Tennessee. Based in Nashville, it was created in 1839 when Congress added a third district to the state. against Central Parking Corporation, its former CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , its former CFO See Chief Financial Officer. and its current CEO. The complaint alleges that the defendants made material misrepresentations about the financial condition of the Company in violation of federal securities laws. "I strongly believe that there is no merit to the allegations of wrongdoing made in the lawsuit, and we intend to defend the lawsuit vigorously," stated Monroe Carell, Chairman and Chief Executive Officer. Central Parking Corporation, headquartered in Nashville, Tennessee, is a leading provider of parking and 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 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, Switzerland, Mexico, Poland, Spain, Venezuela, Greece, Peru and Colombia. This press release contains projections and other forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934. These projections and statements reflect the Company's current views with the 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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