Impark acquires contracts from Parking Specialists inc. in Toronto, Ontario

Imperial Parking Corporation (Impark), one of North Americas leading parking operators, announced today that it has completed the purchase of a portfolio of contracts from Toronto parking operator Parking Specialists Inc.
The properties transitioned to Imparks operating group on July 1, 2009. Parking Specialists will continue to operate its hotel valet business in Toronto along with two other commercial facilities.

The acquisition, comprised of lease and management accounts, has increased Imparks Toronto portfolio to 133 locations, and reinforces Imparks position as the leading pay parking operator in Toronto. The company serves a diverse client base of commercial, retail and residential property owners, as well as hospitals, airports, hotels and medical buildings.

We are excited to introduce a new group of Toronto clients and parking customers to Impark in the coming weeks, stated Herb Anderson, Imparks President and CEO. This acquisition is part of the companys long term growth strategy to integrate successful parking operations in select Canadian and US markets into Impark. We are eager to demonstrate a tremendous amount of value to these new clients, and the customers will also enjoy Imparks enhanced suite of services.

About Impark

Imperial Parking Corporation, headquartered in Vancouver, B.C., Canada, is one of the largest parking management companies in North America with more than 3,700 employees and 1,970 locations.
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