IntelliPark, Innovative Parking Meter Manufacturer Appoints Networking & Communications Veteran as Chief Executive

BETHESDA, Md., June 19 -- Recognizing that networking and communications will become an increasingly important factor in the parking meter of the future, IntelliPark appoints Glen Hellman to the post of Chief Executive Officer. Hellman has an extensive background in telecommunications, networking and software development.

Prior to IntelliPark, Hellman held senior executive positions with small venture-backed start-ups including Ikimbo, Astracon and Call Technologies. At Call Technologies, Hellman was the architect of the strategic plan that catapulted the company into a leading communications software provider and made possible the subsequent $100 million acquisition by network technology provider 3Com. Mr. Hellman went on to lead a division of 3Com as Vice President and General Manager of Operational Support Systems.

"On behalf of IntelliPark's board of directors, I am pleased to announce Glen's appointment as CEO," said Bill Eacho, CEO of Carlton Capital and Chairman of the Board of IntelliPark. "We recognize that high technology, particularly network communications, is becoming an integral part of our business. Glen has an impressive track record of building companies that create substantial value for customers. His experience in technology, communications and international markets makes him a great fit for this next phase of IntelliPark's growth."

"IntelliPark's patented vehicle-detection technology positions this company to take a commanding share of the global market for single-space meters," commented Mr. Hellman. "Coupling the company's existing capabilities with the latest power-conserving communications technology will allow us to deliver a product that combines the intuitive, ease of use features of a single-space meter with the flexible payment and operational efficiencies of a pay-and-display meter."

About IntelliPark

IntelliPark is the technology leader in single-space parking meters. Designed and manufactured in the United States, IntelliPark's meters combine exclusive features such as vehicle detection, tool-free maintenance, and enforcement analysis tools to form an unbeatable value proposition. The company's products have been recognized for offering superior coin discrimination and battery life. For further information, visit IntelliPark's website at http://www.intellipark.com/.