Standard Parking Corporation Announces Secondary Common Stock Offering by Selling Stockholders

Standard Parking Corporation today announced the underwritten public offering of 5,800,000 shares of its common stock.
Standard Parking Corporation today announced the underwritten public offering of 5,800,000
shares of its common stock by GSO Special Situations Fund LP, GSO Special
Situations Overseas Master Fund Ltd., GSO Special Situations Overseas Benefit
Plan Fund Ltd., GSO Capital Opportunities Fund LP and CML VII, LLC.The underwriters have a 30-day option to purchase up to an additional 870,000 shares
from the selling stockholders to cover over-allotments. Standard Parking will
not receive any proceeds from this offering. The total number of shares of
common stock outstanding will not change as a result of this offering.

Credit Suisse Securities (USA) LLC and William Blair & Company, L.L.C. are
serving as joint book-running managers and underwriters for this offering. The
offering of the securities is made only by means of a written prospectus and
related prospectus supplement forming a part of the effective registration
statement. When available, copies of the prospectus and prospectus supplement
relating to this offering may be obtained from Credit Suisse, Attention:
Prospectus Department, Eleven Madison Avenue, New York, New York 10010-3629,
Telephone number: +1 800 221-1037 or William Blair & Company, L.L.C., Attention:
Prospectus Department, 222 West Adams Street, Chicago, Illinois 60606, Telephone
number: +1 800 621-0687.

The shares are being offered pursuant to an effective registration statement
that was previously filed with the Securities and Exchange Commission. This
press release shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to the registration or qualification under the securities laws of such

Standard Parking, with almost 12,000 employees, manages approximately 2,200
facilities, containing over one million parking spaces in more than 330 cities
across the United States and Canada, including parking-related and shuttle bus
operations serving approximately 60 airports.
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