Standard Parking calls 9¼% notes

New York, June 29 - Standard Parking Corp. said it will redeem its $48.9 million of 9¼% senior subordinated notes.

The trustee has been notified and the redemption is expected to occur in about 30 days.

Funding for the redemption will come from borrowings on an amended and restated senior credit agreement.

Standard Parking expects to improve earnings by 4 cents per share for the remainder of fiscal 2006 and 7 cents per share on an annual basis at current interest rates.

The company is a Chicago-based manager of parking facilities.

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