L&R Group of Companies Expands Into Its 33rd City: Houston, Texas

LOS ANGELES and HOUSTON, Sept. 5, 2008 (GLOBE NEWSWIRE) -- The L&R Group of
Companies, ("L&R") began operations this week in its 33rd City, Houston, Texas,
with the signing of a long-term lease commitment, through the year 2018, with
System Property Development Inc. The deal covers four significant parking
facilities in the core of the Central Business District of downtown Houston,
which serve users of the local courthouses, office buildings and Minute Maid
Park, home of the Houston Astros.

"The deal adds America's fourth largest city, and one of the countries best
parking markets into the L&R Group of Companies parking portfolio for the next
decade," says David Damus, Chief Executive Officer of L&R. He adds, "These four
key locations mark our entry point into a strong parking market in the center of
the Houston-Sugar Land-Baytown metropolitan area, which has a population of
approximately 5.6 million. Our Five Star Parking brand (see
www.fivestarparking.com) will service these parking facilities, and seek to
expand into the local airports, office buildings, retail and entertainment
centers within this vibrant and growing community. We are looking forward to
owning, operating and building parking facilities in Houston, as we are one of
the few truly vertically integrated parking companies in America. This is a key
part of our strategic plan for growth in this market."

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, Network Parking, Joe's Auto Parks and System
Parking, Inc. 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.

The L&R Group of Companies logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4834

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 premier 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. 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.

For additional information on the L&R Group of Companies and its divisions,
please visit www.tlrgc.com.

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CONTACT: L&R Group of Companies
David P. Damus, Chief Executive Officer
(213) 784-3016
ddamus@tlrgc.com