Central Parking Corporation Subsidiary Contracts with Palm Beach International Airport

NASHVILLE, Tenn.--(BUSINESS WIRE)--Sept. 29, 2003--Central Parking Corporation (NYSE: CPC) today announced that its USA Parking System, Inc. subsidiary has been awarded a three-year management contract to provide parking operations for Palm Beach International Airport (PBIA) in West Palm Beach, Florida. Effective October 1, the agreement encompasses more than 7,900 parking stalls and 24-hour shuttle service. Palm Beach International Airport serves more than six million passengers annually.
CPC.jpgWilliam H. Bodenhamer, Jr., president and chief executive officer of USA Parking, said, "We are very excited to add this premier facility to Central Parking's growing airport division which now includes all three major airports in south Florida (Palm Beach International, Fort Lauderdale-Hollywood International and Miami International). Palm Beach International Airport was recently voted third best in the U.S. and sixth best in the world by Conde Nast Traveler Magazine. Because of our focus on hospitality, we believe USA Parking can assist Palm Beach International in achieving even higher ratings next year."

USA Parking System, Inc., a wholly-owned subsidiary of Central Parking Corporation based in Fort Lauderdale, Florida, specializes in parking management and transportation services for luxury, full-service hotels and related facilities. USA Parking manages 110 parking facilities in eight states and Puerto Rico including airport operations for Ft. Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida. Other USA Parking airport facilities include Wilmington Airport, Greenville Airport and Piedmont Triad (Greensboro) International airports in North Carolina.

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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