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Standard Parking Announces Combined Portfolio Contract Awards

Stocks in this article: STAN

CHICAGO, Jan. 29, 2013 (GLOBE NEWSWIRE) -- Standard Parking Corporation (Nasdaq:STAN), the nation's leading provider of parking management, ground transportation and other ancillary services, today announced various contract awards received following the merger of Standard Parking and Central Parking last October. The awards involve properties across the United States and include awards to various SP Plus ® service lines and end markets, as well as to the Company's Central Parking subsidiary.

SP Plus ® Office Services was awarded the management of the parking operations at nine office buildings across the country for Piedmont Real Estate Investment Trust. The properties include five office buildings in the Washington, D.C. metropolitan area, two properties in the Midwest and two on the West Coast. The Company commenced its management responsibilities at seven of the properties on Jan. 1, and will begin operations at the additional two properties Feb. 1. Included among the properties are Piedmont Pointe in Bethesda, Md., US Bancorp Center in Minneapolis and the Aon Center in Chicago.

The City of Scranton awarded SP Plus ® Municipal Services a new on-street meter collection and enforcement contract effective Jan. 1. The project includes the financing and installation of Scranton's new on-street parking meters as well as their ongoing maintenance and repair. SP Plus ® Municipal Services also will handle collection, meter enforcement and issuance of citations for the City's 1,095 on-street parking spaces.

SP Plus ® Municipal Services also was selected by the City of Oxford, Miss. to provide on-street meter enforcement and citations for parking violations in the downtown area. The enforcement efforts will be supported by License Plate Recognition technology. In addition to ticket issuance, the Company will manage citation collection processing and first-level adjudication. SP Plus ® Municipal Services commenced its duties under the on-street contract on Oct. 1.

Standard Parking recently expanded its services at the Horseshoe Casino, Cleveland with 24/7 shuttle service. The Company, which also provides valet and parking services to the property, began commuter shuttles between the Casino's Prospect Avenue entrance and the Collection Auto Center Garage on Oct. 15.

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