Exhibit 99.1

                       Standard Parking Provides Update of
                Estimated Financial Impact of Hurricane Katrina

    CHICAGO--(BUSINESS WIRE)--Oct. 27, 2005--Standard Parking
Corporation (NASDAQ:STAN), one of the nation's leading providers of
parking management services, today said that its 2005 third and fourth
quarter financial results will be impacted by the effects from
Hurricane Katrina.
    The Company expects Hurricane Katrina's impact on reported net
income for the third and fourth quarters of 2005 to be approximately
$0.7 million and $0.7 million less than was realized in the third and
fourth quarters of 2004, respectively. The $0.7 million impact on the
2005 third quarter is comprised of a $0.2 million reduction in net
income from operations and the recording in that quarter of the entire
$0.5 million deductible that the Company expects to incur in
connection with the Hurricane related insurance claim that the Company
will file. The $0.7 million impact on the 2005 fourth quarter is due
to a reduction in net income from operations.
    The Company estimates that its full year 2006 net income from the
operations affected by the Hurricane will be $0.4 million more than
its projected 2005 full year net income from those operations, due
primarily to the fact that the 2005 net income from those operations
was reduced by the recording of the $0.5 million insurance deductible.
By the fourth quarter of 2006, the Company expects to have resumed
operations at substantially all of the facilities that it was
operating prior to the Hurricane.
    The Company also estimates that it has sustained insured property
damage from the Hurricane in excess of $2.7 million.
    The Company believes that it is entitled to recover the total
amount of all losses that it has sustained as a result of Hurricane
Katrina, less a deductible that the Company has calculated to be
approximately $0.5 million. The Company will file an insurance claim
to recover its losses, and will work closely with its insurance
brokers, consultants and advisors in an attempt to expedite a final
resolution of its claim in 2006.
    DISCLOSURE NOTICE: The information contained in this document is
as of October 27, 2005. This document contains forward-looking
information about the Company's financial results that involve
substantial risks and uncertainties. You can identify these statements
by the fact that they use words such as "anticipate," "estimate,"
"expect," "project," "intend," "plan," "believe," "outlook," and other
words and terms of similar meaning in connection with any discussion
of future operating or financial performance. Among the factors that
could cause actual results to differ materially are the following: No
assurances can be provided regarding (i) the precise amount of net
income that will have been lost, or the precise amount of property
damage that will have been sustained, in New Orleans as a result of
Hurricane Katrina, (ii) the precise amount of the insurance claim that
the Company therefore will file, (iii) the deductible amount that the
insurance carrier may seek to apply if it contends that some or all of
the loss is attributable to flood as opposed to windstorm, or (iv) the
actual amount of recovery that will be realized under the Company's
insurance claim. Additional risks, uncertainties, and other matters
can be found in the Company's Annual Report on Form 10-K for the
fiscal year ended December 31, 2004, in its periodic reports on Forms
10-Q and 8-K, and in its Registration Statement on Form S-1
(333-112652). The Company assumes no obligation to update any
forward-looking statements contained in this document as a result of
new information or future events or developments.


    CONTACT: Standard Parking Corporation
             G. Marc Baumann, 312-274-2199
             mbaumann@standardparking.com