Central Parking Corporation Signs Contract Extension with Boca Raton Resort and Club.

Business Editors

NASHVILLE, Tenn.--(BUSINESS WIRE)--Aug. 27, 2003

Central Parking Corporation (NYSE:CPC) today announced that its USA Parking System, Inc. subsidiary has been awarded a five-year contract extension to manage valet parking operations for the Boca Raton Resort and Club in Boca Raton, Florida. USA Parking provides doormen and staff for eight valet locations throughout the 356-acre resort and manages 650,000 vehicle transactions per year.

William H. Bodenhamer, Jr., President and Chief Executive Officer of USA Parking, commented, "We are honored to renew our agreement with this world-renowned destination resort and private club. To enhance the total hospitality experience for guests and maximize revenue integrity, USA Parking is updating the Computerized Valet Parking System (CVPS) with portable workstations, remote vehicle request kiosks, digital imaging vehicle capture capabilities and revenue control software."

"Our relationship with USA Parking continues to grow," said David Feder, President of Boca Resorts, Inc. (NYSE: RST). "Our mission is one of providing professional, friendly and responsive service resulting in a truly unique and memorable experience for our guests. We demand the best and I know Bill Bodenhamer and the USA Parking staff are the best at what they do."

USA Parking System, Inc., headquartered in Fort Lauderdale, Florida, specializes in parking management and transportation services for luxury, full-service hotels and related facilities. USA Parking manages 110 parking facilities in eight states and Puerto Rico including valet services at three other Boca Resorts, Inc. locations: Hyatt Regency Pier Sixty-Six, Radisson Bahia Mar Beach Resort and Grand Oaks Golf Club.

Central Parking Corporation, headquartered in Nashville, Tennessee, is a leading global provider of parking and transportation management services. The Company operates approximately 3,800 parking facilities containing more than 1.6 million spaces at locations in 39 states, the District of Columbia, Canada, Puerto Rico, the United Kingdom, the Republic of Ireland, Mexico, Chile, Peru, Colombia, Venezuela, Germany, Switzerland, Poland, Spain and Greece.

This press release contains projections and other forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the Company's current views with respect to future events and financial performance. No assurance can be given, however, that these events will occur or that these projections will be achieved and actual results could differ materially from those projected as a result of certain factors. A discussion of these factors is included in the Company's periodic reports filed with the Securities and Exchange Commission.