SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): August 8, 2001
Exact name of Registrant as specified in its charter: Central Parking
Corporation
State or other jurisdiction of incorporation: Tennessee
Commission File Number: 001-13950
IRS Employer Identification Number: 62-1052916
Address of principal executive offices: 2401 21st Avenue South
Suite 200
Nashville, TN 37212
Registrant's telephone number, including area code: (615) 297-4255
Former name or former address, if changed since
last report: Not applicable
ITEM 5. OTHER EVENTS
On August 8, 2001, the Registrant announced its acquisition of USA Parking
Systems.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
Exhibit No. 99.1 Text of press release dated August 8, 2001
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Central Parking Corporation
/s/ Hiram A. Cox
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Date: August 13, 2001 By: Hiram A. Cox
Chief Financial Officer
EXHIBIT 99.1
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FOR IMMEDIATE RELEASE
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Contacts: William J. Vareschi, Jr. (investor contact)
Vice Chairman and Chief Executive Officer
(615) 297-4255
bvareschi@parking.com
Richard Jonardi (media contact)
Communications Manager
(615) 297-4255
rjonardi@parking.com
CENTRAL PARKING CORPORATION TO ACQUIRE FLORIDA PARKING COMPANY
NASHVILLE, TENN. (AUGUST 8, 2001) -- Central Parking Corporation (NYSE: CPC)
today announced that it has signed an agreement to acquire the assets of USA
Parking Systems, a privately held parking company headquartered in Fort
Lauderdale, Florida. USA Parking has 62 locations and 46,000 parking spaces
primarily in the Florida counties of Miami-Dade, West Palm Beach and Fort
Lauderdale-Broward and in Puerto Rico. The purchase price and other terms of
the transaction were not disclosed. Closing of the transaction is expected
within 30 days.
William J. Vareschi, Jr., Vice Chairman and Chief Executive Officer, said
"This acquisition will not only add to our presence in Florida but also provide
us with a successful operating unit that specializes in full-service valet
parking for top-of-the-line hotels. We are pleased that Bill Bodenhamer and his
management team will continue to operate this as a wholly owned subsidiary
focusing on this attractive segment of our market. We are excited about the
opportunity to use our nationwide marketing organization to leverage USA
Parking's expertise and solid working relationships with a number of the
nation's leading hotel chains."
Founded in 1980 by William H. Bodenhamer, Jr., USA Parking Systems has
distinguished itself as "The Hospitality Parking Company " with an aggressive
and energetic approach to parking and transportation services. Clients include
Ritz-Carlton, St. Regis, Hyatt and Marriott hotels and resorts. "USA Parking
Systems will remain an independent and separate service provider committed to
growing our unique platform in five regions of the United States," said Mr.
Bodenhamer. "Teaming with Central Parking positions us to duplicate and improve
our business model aimed at building a customer-focused nationwide hospitality
parking brand."
Central Parking Corporation, headquartered in Nashville, Tennessee, is a
leading provider of parking and transportation management services. The Company
operates approximately 4,100 parking facilities containing approximately 1.5
million spaces at locations in 40 states, the District of Columbia, Canada,
Puerto Rico, the United Kingdom, the Republic of Ireland, Chile, Germany,
Mexico, Poland, Spain, 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.
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