Central Parking Announces Appointment of John I. Hill as Senior Vice President and Chief Financial Officer

NASHVILLE, Tenn. -- (August 30, 2007) -- Central Parking System, Inc. today announced the appointment of John I. Hill to serve as Senior Vice President and Chief Financial Officer of the Company. His appointment is effective as of September 4, 2007.

Mr. Hill comes to Central Parking from Advance America, Inc., a publicly traded consumer finance company, where he served as Executive Vice President and Chief Financial Officer for the past five years. Prior to joining Advance, he served as Executive Vice President and Chief Financial Officer for Diversco Holdings, Inc., a private holding company that acquired four outsourcing and temporary staffing companies. Mr. Hill began his career as an auditor with KPMG Peat Marwick. He is a graduate of the University of South Carolina, where he earned a B.S. degree in Accounting in 1977 and an MBA in 1979. Mr. Hill is a certified public accountant.

"We are excited to have John Hill join our senior management team," said Emanuel J. Eads, President and Chief Executive Officer. "John brings to the company a wealth of experience and strong leadership skills. While with Advance America, John successfully led the company's $300 million initial public offering and achieved Sarbanes Oxley compliance within one year of going public. As the chief financial officer of Diversco Holdings, John led the successful integration of four separate businesses. We look forward to his contributions to Central Parking."

Mr. Hill's appointment follows the resignation of V. Jeffrey Heavrin, who has served as the Company's Senior Vice President and Chief Financial Officer since May 2005. "We appreciate Jeff's hard work and dedication to the company over the past five years as both controller and chief financial officer," said Eads. "Jeff played a key role in improving the company's accounting function and controls, and in the recent sale of the company. Jeff informed me of his decision to leave the company shortly after completion of the sale process. We appreciate his willingness to remain with the company while we conducted the search for his successor and work with John Hill to ensure a smooth transition. We wish Jeff the best in his future endeavors."

Central Parking System is the largest provider of parking and related services in North America. The Company and its affiliates operate more than 2,800 parking facilities containing approximately 1.3 million spaces. Central Parking also provides parking-related services, including valet, shuttle bus operation and parking consulting. The Company's clients include some of the nation's largest owners and operators of mixed-use projects, office buildings, hotels, stadiums and arenas as well as airports, hospitals and municipalities. The Company, a wholly owned subsidiary of Central Parking System, is headquartered in Nashville, Tennessee, and has offices in all major metropolitan areas in the U.S. and Canada as well as several other countries.

Contact: Emanuel J. Eads
President and Chief Executive Officer
(615) 297-4255