Photo Release -- Five Star Parking Taps Parking Veteran Stan Bochniak for West Coast Regional Manager


LOS ANGELES, Dec. 15, 2008 (GLOBE NEWSWIRE) -- The L&R Group of Companies, ("L&R") headquartered in Los Angeles, California, today announced its hire of Stan Bochniak as Five Star Parking's new Regional Manager for the West Coast. Stan brings to Five Star Parking over 15 years of sales and operations experience in the parking industry. In his new role, Stan will be responsible for overseeing the west coast regional operations of Five Star Parking.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5697

At Five Star Parking, Stan will also oversee sales and explore new business opportunities. Prior to joining Five Star Parking, Stan served as Director of Business Development, Facility Manager, Operations Manager, and Regional Sales Manager for another national parking operator. He has a Bachelor of Science in Business Administration with a Marketing Major, from California State University, Northridge.

"We are excited to welcome Stan into the L&R family. His sales experience and extensive knowledge of the parking industry will certainly be a valuable resource to L&R's future growth," said Chief Executive Officer David Damus.

About L&R Group of Companies:

L&R, headquartered in Los Angeles, California, is a privately held, well-capitalized organization that operates five distinct parking divisions: Five Star Parking, WallyPark, Joe's Auto Parks, System Parking, Inc., and Network Parking.

Five Star Parking is one of the largest and most successful parking operators in the United States with a proven track record of success and experience across the whole spectrum of parking operations. From surface lots to commercial parking structures to major international airports including the single largest parking contract in the United States, where it is responsible for approximately $225 million in annual revenue for the Port of New York and New Jersey. Five Star Parking takes an "ownership" approach to operations designed to maximize revenue, lower overhead and achieve enhanced customer loyalty.

WallyPark is one of the largest national off-airport parking companies located in five states and provides travelers with a unique level of customer service. Travelers are pampered with a higher level of airport parking services which extends beyond secure, convenient facilities and 24-hour shuttles to include free amenities, special member programs and exclusive car care services in select locations.

Since 1920, System Parking has specialized in providing customers and clients with tailored parking solutions, and is one of the premiere parking companies in the United States, with approximately 244 locations in 7 states and 14 cities. System Parking Inc. designs customized, cost-effective parking solutions and specializes in a number of different parking venues consisting of hotels, hospitals, surface lots, condominium and residential properties, office buildings, and parking enforcement services.

For over 50 years, Joe's Auto Parks has been one of the largest parking operators in Los Angeles, with more than 85 downtown locations, each strategically located in and around some of Los Angeles' most well known high density attractions and destinations.

Network Parking, headquartered in Cleveland, Ohio is a nationwide parking company with experience in the management and operation of office building, mixed-use, retail, residential, airport and hotel parking facilities. The company was founded by Joel Cole in 1994, a true parking pioneer who has made countless contributions to the parking industry and its business practices. Network Parking provides clients with an array of consulting services including layout, equipment and operations for valet, shuttles, validation programs, cashier services and car wash services. Network Parking's experience provides a unique understanding of client's goals, with the ability to provide added-value to their real estate portfolios.

L&R now operates in 33 cities spanning 20 states from coast to coast with approximately 5,500 employees and has grown into one of the largest parking property owners in the nation.

For additional information on the L&R Group of Companies and its divisions, please visit www.tlrgc.com.

The L&R Group of Companies logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4834

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.



            
Stan Bochniak

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