Impark Secures Lease for 5 Facilities in Atlanta and Announces August 1 Opening of New Branch Office

    VANCOUVER, British Columbia--June 27, 2001--Imperial Parking Corporation ("Impark") (AMEX: IPK) today announced that it has entered into an agreement to lease and operate five off-street parking facilities in Atlanta, GA commencing August 1, 2001. The facilities were previously operated by a competitor. Impark also announced that it will be opening a branch office in downtown Atlanta to service these accounts and to be its base in Atlanta.
    The five off-street parking facilities are located in downtown Atlanta and contain approximately 2,000 spaces. The lots serve as commuter parking for employees of local businesses and government offices and as special event parking for activities at nearby Phillips Arena, the Georgia Dome, and CNN Center.
    "Atlanta has been an important target city for Impark's U.S. expansion," said Charles Huntzinger, Impark's President and Chief Executive Officer. "We are excited about entering the local market with a strong lease agreement in hand and expect it will give us the critical mass and the presence we need to swiftly ramp up our operation in Atlanta."
    Mr. Huntzinger continued, "Atlanta is an excellent parking market for Impark. The city has a good ratio of surface lot and garage parking, a varied customer mix, and a small number of competitors. Furthermore, Atlanta parking lots have been slow to implement automated revenue controls so we feel Impark has an immediate strategic advantage. We are very much looking forward to the results of converting these longstanding parking lots to Impark's operating systems and philosophies."

    Imperial Parking Corporation, headquartered in Vancouver, B.C., Canada is the largest parking operator in Canada and the fourth largest in North America based on number of locations. As of March 31, 2001 Impark owned, leased or managed more than 1,480 parking locations and 270,000 stalls in Canada and the United States.

    This press release contains projections and other forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the Company's current views with respect to future events and financial performance. No assurance can be given, however, that these events will occur or that these projections will be achieved and actual results could differ materially from those projected, as a result of certain factors. A discussion of these factors is included in the Company's filings with the Securities and Exchange Commission.