Central Parking Corporation Expands Services to Include Valet Parking At Auto Dealerships

    NASHVILLE, Tenn.--Nov. 26, 2002--Central Parking Corporation today announced that its wholly owned subsidiary, USA Parking System, Inc., has expanded its services to include valet parking for auto dealerships and other retailers. USA Parking System has been awarded contracts to provide parking and valet services at four auto dealerships in south Florida.
    William H. Bodenhamer, Jr., president and chief executive officer of USA Parking, commented, "We see a significant demand for providing the same type of courteous, reliable parking at auto retailers that we provide for the premier hotels with which we work. Our initial contracts - two with Mercedes-Benz dealerships and two with AutoNation, Inc. retailers - underscore the potential for us in this area. Our training programs for valets, through USA Parking University, will ensure a premium level of service. We intend to market our services aggressively and believe that our recognized brand of USA Parking will assist us in this initiative."
    Central Parking Corporation, headquartered in Nashville, Tennessee, is a leading provider of parking and transportation-related services. The Company operates approximately 3,900 parking facilities containing approximately 1.6 million spaces at locations in 39 states, the District of Columbia, Canada, Puerto Rico, the United Kingdom, the Republic of Ireland, Chile, Colombia, Germany, Mexico, Peru, Poland, Spain, Switzerland, Venezuela and Greece.

    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 periodic reports filed with the Securities and Exchange Commission.