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Central Parking Corporation Acquires Louisiana Parking Company

HomeTransactionsCentral Parking Corporation Acquires Louisiana Parking Company

Source: Business Wire

NASHVILLE, Tenn., Jan 14, 2002 – Central Parking Corporation (NYSE: CPC) today announced that it has acquired Park One of Louisiana, LLC, 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.”

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, 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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