Photo Release -- L&R Group of Companies Taps Parking Veteran William "Bill" Francis...

Photo Release -- L&R Group of Companies Taps Parking Veteran William "Bill"
Francis for Vice President of Revenue Controls and Internal Auditing

LOS ANGELES, June 24, 2009 (GLOBE NEWSWIRE) -- The L&R Group of Companies,
("L&R") headquartered in Los Angeles, California, today announced its hire of
parking industry veteran William "Bill" Francis to the newly created position of
Vice President of Revenue Controls and Internal Auditing. Bill is well known in
the parking industry from his previous role as Vice President at Walker Parking
Consultants. During his twelve years at Walker, he managed their consulting and
auditing services for their nationwide offices, including Los Angeles,
Philadelphia, Chicago, and Houston. Bill is a highly regarded expert in parking
audits, operation analysis, RFP consulting, due diligence studies, and financial
feasibility studies.

A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6318

Prior to his position with Walker, Bill operated his own auditing and consulting
company, William Francis & Associates. He also served as Director of Operations
with International Parking Design. Bill has a Degree in Political Science from
California State University Long Beach, and a Master's Degree in Public
Administration from the University of Southern California.

"Bill's extensive experience and first-hand knowledge of the parking industry
will make him a valuable resource to L&R's future growth, and we are excited to
welcome to the L&R family," said Chief Executive Officer David Damus.

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

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.

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 premiere 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. The
company was founded by Joel Cole in 1994, a true parking pioneer who has made
countless contributions to the parking industry and its business practices.
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. Network Parking's experience provides a
unique understanding of client's goals, with the ability to provide added-value
to their real estate portfolios.

L&R now operates in 33 cities spanning 20 states from coast to coast with
approximately 5,500 employees and has grown into one of the largest parking
property owners in the nation. For additional information on the L&R Group of
Companies and its divisions, please visit www.tlrgc.com.

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

The photo is also available via AP PhotoExpress.

-0-
CONTACT: The L&R Group of Companies
David P. Damus, Chief Executive Officer
(213) 784-3016
ddamus@tlrgc.com