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PRESS

Five Star Parking Taps Conrad Midolo
to Serve as Los Angeles General Manager


515 South Flower St. #3200 Los Angeles, CA 90071
Phone: (213) 784-2878
Fax: (213)784-2879

INFORMATION CONTACT:
  David P. Damus
  Chief Executive Officer
  (213) 784-3016
  ddamus@tlrgc.com


Los Angeles, CA (January 21, 2010) - Five Star Parking, headquartered in Los Angeles, California, today announced its hire of parking industry veteran Conrad Midolo to serve as the Los Angeles General Manager for Five Star Parking.

Mr. Midolo began his career as a training manager for the Los Angeles International Airport parking operation. Most recently he served as the District Manager for Parking Concepts Incorporated - where he managed complex parking operations for over 27 years.

"Conrad is a consummate parking professional and his extensive experience in the parking industry will make him a valuable resource to Five Star Parking's future growth in the Los Angeles market, and we are excited to welcome him to our family," said Chief Executive Officer David Damus.

Mr. Midolo's proactive management style was quickly recognized and led to early success in his career. As a District Manager, he was entrusted with some of the most prominent accounts and clients. Mr. Midolo has since acquired extensive experience managing a wide variety of operations for both private entities and municipalities. He has been a leader whose focus has been on operational excellence, and he has consistently generated measureable increases in parking revenues, reduced expenses and enhanced customer service in every operation under his direction.

Mr. Midolo is an active member in various professional and community service organizations including BOMA, IREM, Central City Association and the National Parking Association.


About The 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.

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