Central Parking Corporation Partnership Expands Contract At Detroit Metropolitan Airport

NASHVILLE, Tenn.--(BUSINESS WIRE)--Aug. 29, 2003--Central Parking Corporation (NYSE: CPC) today announced that City Central Parking has expanded its management contract with the Detroit Metropolitan Wayne County Airport to include parking for the Smith and Berry Terminals. City Central Parking, a joint venture between Central Parking Corporation and privately owned Jay Gregory Enterprises, Inc. of Detroit, will assume management of 9,700 spaces servicing the terminals effective September 1. City Central Parking has managed 11,500 spaces at the Edward H. McNamara Terminal since December 2001.
Monroe Carell, Jr., chairman and chief executive officer, said, "This contract expansion validates the focus on cost, quality and service excellence that differentiates our airport parking division. By consolidating parking services under one management company, Detroit Metro Airport will realize significant cost savings in operational synergies and productivity improvements. We look forward to serving the Wayne County Airport Authority and many of the 32 million passengers using the airport each year."

Central Parking Corporation, headquartered in Nashville, Tennessee, is a leading global provider of parking and transportation management services. The Company operates approximately 3,800 parking facilities containing more than 1.6 million spaces at locations in 39 states, the District of Columbia, Canada, Puerto Rico, 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 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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