Standard Parking Announces Recent Contract Awards
CHICAGO, July 11, 2013 (GLOBE NEWSWIRE) -- Standard Parking Corporation
(Nasdaq:STAN), a leading provider of parking management, ground transportation
and other ancillary services, today announced several recent contract awards.
The awards reflect activity across a variety of end markets served by the
Company's diverse operating divisions.
Central Parking was awarded a multi-service management contract at the GM
Renaissance Center in Detroit, Mich. The award encompasses parking,
maintenance, valet and shuttle operations across a 40-acre campus, housing
General Motors' world headquarters and two nearby hotels. Under the terms of
the contract, which began in May, the Company oversees the operation and
maintenance of the Center's 8,000 parking spaces across 13 facilities, three
valet operations, and three shuttle buses that transport employees and
visitors across the campus.
SP Plus^® Gameday has been awarded contracts for its event logistics services
for several North American sporting events. The services will be provided for
the 2013 CONCACAF Men's Gold Cup Soccer Tournament to be held in 13 cities
across the United States throughout July. SP Plus^® Gameday also was awarded a
multi-year contract to provide its services for the 2014 and 2015 FIFA Women's
World Cup Canada. In addition, the Company announced the renewal of its
service contract at FedEx Field in Landover, Md.
SP Plus^® University Services was awarded a contract to manage parking
operations at select parking facilities for sporting events and special campus
activities at the Georgia Institute of Technology. Services under the
contract will begin August 1, 2013 and will include the use of the Company's
proprietary Click and Park^® online advance parking reservation and payment
The Company's SP Plus^® Airport Services division announced the renewal of
Central Parking's contract to provide parking management services at Detroit
Metropolitan Wayne County Airport. Under the existing contract, Central
Parking manages over 19,600 spaces in four parking facilities for the Airport,
and also provides custodial maintenance of the facilities. The renewal term is
scheduled to begin October 1, 2013.
SP Plus^® Municipal Services announced awards by the City of Long Beach,
Calif., the City of Newport Beach, Calif. and Albany, New York's Capital
District Transit Authority (CDTA). The Company began providing expanded
off-street parking management for the City of Long Beach on April 1st, and on
May 13th assumed management responsibility for over 1,100 spaces across three
off-street facilities for the City of Newport Beach under a multi-year
contract. The Company began parking management and maintenance operations for
over 1,000 spaces at the CDTA's Rensselaer Station on May 1st.
Finally, the Company's SP Plus^® Hotel Service division began providing valet
parking services for six hotel properties throughout the greater New York
metropolitan area since April 1st. Among the hotels now being served are the
Fairfield Inn, Spring Hills Suites, The Refinery Hotel, Courtyard by Marriott
and The Quin Hotel.
"We're extremely pleased at the breadth of these wins, which reflect activity
across a wide spectrum of markets served by our dedicated operating
divisions," stated James A. Wilhelm, President and CEO. "Our expanded
organization is working collaboratively with a consistent focus on providing
the highest level of expertise and customer service available for these end
markets, and we appreciate our clients' confidence in our capabilities as
demonstrated by these contract awards."
About Standard Parking Corporation:
Standard Parking is a leading national provider of parking facility
management, ground transportation and other ancillary services. Including
Central Parking Corporation, its wholly-owned subsidiary, the Company has more
than 23,000 employees and manages approximately 4,400 facilities with over 2.1
million parking spaces in hundreds of cities across North America. The
operations include parking-related and shuttle bus operations serving more
than 75 airports. USA Parking System, a wholly-owned subsidiary of Central
Parking, is one of the premier valet operators in the nation with more four
and five diamond luxury properties, including hotels and resorts, than any
other valet competitor.
Standard Parking: www.standardparking.com
Central Parking: www.centralparking.com
CONTACT: Media Contact:
Michael K. Wolf
Executive Vice President
Standard Parking Corporation
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