Five Star Parking Taps Conrad Midolo to Serve as Los Angeles General Manager

Mr. Midolo began his career as a training manager for the Los
Angeles International Airport parking operation. Most recently he
served as the District Manager for Parking Concepts Incorporated, where
he managed complex parking operations for over 27 years. 

Conrad is a consummate parking professional and his extensive
experience in  the parking industry will make him a valuable resource
to Five Star Parkings future growth in the Los Angeles market, and we
are excited to welcome him to our family, said Chief Executive Officer
David Damus.

Mr. Midolos proactive management style was quickly recognized and led
to early success in his career.  As a District Manager, he was
entrusted with some of the most prominent accounts and clients. Mr.
Midolo has since acquired extensive experience managing a wide variety
of operations for both private entities and municipalities. He has been
a leader whose focus has been on operational excellence, and he has
consistently generated measurable increases in parking revenues,
reduced expenses and enhanced customer service in every operation under
his direction.

Mr. Midolo is an active member in various professional and community
service organizations including BOMA, IREM, Central City Association
and the National Parking Association.

About L&R Group of Companies

L&R, headquartered in Los Angeles, California, is a privately
held, well-capitalized organization that operates five distinct parking
divisions: Five Star Parking, WallyPark, Joes Auto Parks, System
Parking, Inc., and Network Parking.

Five Star Parking is one of the largest and most successful parking
operators in the United States with a proven track record of success
and experience across the whole spectrum of parking operations. From
surface lots to commercial parking structures to major international
airports including the single largest parking contract in the United
States, where it is responsible for approximately $225 million in
annual revenue for the Port of New York and New Jersey. Five Star
Parking takes an "ownership" approach to operations designed to
maximize revenue, lower overhead and achieve enhanced customer loyalty.

WallyPark is one of the largest national off-airport parking companies
located in five states and provides travelers with a unique level of
customer service. Travelers are pampered with a higher level of airport
parking services which extends beyond secure, convenient facilities and
24-hour shuttles to include free amenities, special member programs and
exclusive car care services in select locations.

Since 1920, System Parking has specialized in providing customers and
clients with tailored parking solutions, and is one of the premiere
parking companies in the United States, with approximately 244
locations in 7 states and 14 cities. System Parking Inc. designs
customized, cost-effective parking solutions and specializes in a
number of different parking venues consisting of hotels, hospitals,
surface lots, condominium and residential properties, office buildings,
and parking enforcement services.

For over 50 years, Joes Auto Parks has been one of the largest parking
operators in Los Angeles, with more than 85 downtown locations, each
strategically located in and around some of Los Angeles most well
known high density attractions and destinations.

Network Parking, headquartered in Cleveland, Ohio is a nationwide
parking company with experience in the management and operation of
office building, mixed-use, retail, residential, airport and hotel
parking facilities. Network Parking provides clients with an array of
consulting services including layout, equipment and operations for
valet, shuttles, validation programs, cashier services and car wash
services. Network Parkings experience provides a unique understanding
of clients goals, with the ability to provide added-value to their
real estate portfolios.