L&R Group of Companies Renews Parking Contract at Oakland International Airport

With the signing of a new five year, multi-million dollar contract, Five Star Parking will manage daily parking, the economy lot, as well as the valet operation at the Airport. In addition, Five Star Parking is thrilled to unveil new marketing initiatives designed to increase awareness by highlighting new services, new offerings, and new branding of on-site parking at the airport.

The renewal of this contract for Five Star Parking is another vote of confidence for our outstanding operations in the Bay Area and our innovative approach to parking, says David Damus, Chief Executive Officer of L&R. He adds, Our airport division continues to thrive due the hard work and dedication to detail from our team. Oakland Airport is one of the countrys major international airports, the second largest in the Bay Area servicing over 14 million passengers annually. Oakland International Airport had a number of particularly visible accomplishments with the completion of Terminal 1 renovations, the opening of many world-class and innovative concessions; and significant improvements to the roadways, curbsides, tarmac, and parking lots, said Steven Grossman, Director of Aviation for the Port of Oakland. Damus adds, Five Star Parking is proud to be a part of the new Oakland Airport.

About The L&R Group of Companies

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

For additional information on the L&R Group of Companies and its divisions, please visit www.tlrgc.com.