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Central Parking Corporation Signs Multi-Location Contract with City of Phoenix.


NASHVILLE, Tenn. -- 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 Central Parking System, Inc., has signed a multi-year management agreement with the City of Phoenix Public Works Department Many governments worldwide have had departments or ministries referred to as the Public Works Department either formally or informally.

In Australia: -

New South Wales -
  • Office of Public Works and Services, New South Wales
 to provide parking services at eight locations within the Central Business District. The locations encompass more than 3,700 parking spaces in two multi-level garages: the Adams Street Garage and the 305 Garage, and six surface lots. The parking management contract commenced January 1, 2005. Including three optional one-year terms, the length of the agreement can potentially run through December 31, 2009.

Commenting on the contract, Gregory J. Stormberg, Central Parking Corporation Senior Vice President said, "We are very pleased that the City Council and City Manager have selected Central Parking to operate this select group of parking facilities serving downtown patrons, residents and employees. Central Parking originally operated these facilities until 1998 and we are excited to again be working with the City of Phoenix."

Central Parking Corporation, headquartered in Nashville, Tennessee “Nashville” redirects here. For other uses, see Nashville (disambiguation).
Nashville is the capital and the second most populous city of the U.S. state of Tennessee, after Memphis.
, is a leading global provider of parking and transportation management services. As of September 30, 2004 the Company operated more than 3,400 parking facilities containing over 1.5 million spaces at locations in 38 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 Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. , the United Kingdom, the Republic of Ireland, Mexico, Chile, Peru, Colombia, Venezuela, Germany, Switzerland, Poland, Spain and Greece.

This press release contains projections and other forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 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.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jan 24, 2005
Words:313
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