Central Parking Corporation Terminates Discussions to Sell the Company

Parking Corporation announced that it has terminated discussions regarding the potential sale of the Company. On March 14, 2005, Central Parking announced that it had retained Morgan Stanley to assist in evaluating various strategic alternatives to maximize shareholder value, including the possible sale of the Company.
The Company expects to continue to review alternatives designed to enhance shareholder return, including a share repurchase program, changes in its dividend policy and other changes in the capitalization of the Company.

Monroe J. Carell, Jr., Chairman and Chief Executive Officer said, "The Board has decided not to pursue a sale transaction at this time, and the Board has terminated discussions with potential buyers. After considering the Company's strong franchise and future prospects, the Board concluded that the Company can best enhance shareholder value by streamlining operations and focusing on core competencies and key markets with the greatest potential for growing profits."

About The Central Parking Corporation

Central_Parking_Corp.jpgCentral Parking Corporation, headquartered in Nashville, Tennessee, is a leading provider of parking and transportation-related services. As of March 31, 2005, the Company operated more than 3,400 parking facilities containing over 1.5 million spaces at locations in 37 states, the District of Columbia, Canada, Puerto Rico, the United Kingdom, the Republic of Ireland, Chile, Colombia, Germany, Mexico, Peru, Poland, Spain, Switzerland, Venezuela and Greece.
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