APCOA/Standard Parking, Inc., one of the largest operators of parking facilities in North America, announced today that it has changed its corporate name to Standard Parking Corporation.
“This change” said James A. Wilhelm, President and CEO, “recognizes the successful, completed transition of the merger of Standard Parking and APCOA, and that merged entity’s acquisition of six other parking companies. The name change marks the completion of our effort to phase the Standard Parking brand into the various locations that we have acquired over the past several years.”
Coming on the heels of the company’s announcement of record operating income in 2002, Wilhelm noted that the name change “represents a milestone in simplifying our identity by recognizing the assembly of a terrific team of parking professionals under one formidable umbrella that takes advantage of Standard Parking’s history as the premier provider of parking and transportation services.” Because all of the company’s urban locations already operate under the Standard Parking brand, Wilhelm stated that “the name change will only be visible to our non-Illinois airport locations, which to this point have been operating under the APCOA brand. And even at those locations, the change is in name only, and doesn’t affect our operations to any extent.”
Standard Parking has approximately 11,800 employees nationwide and manages parking facilities in over 270 cities spanning 43 states and four Canadian provinces.
Statements in this press release regarding APCOA/Standard Parking’s business that are not historical facts are “forward-looking statements” which involve risk and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in the company’s Annual Report
on Form 10-K for the most recently ended fiscal year.
