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Standard Parking (STAN) Awarded Management Services Contract at Memphis Int'l Airport

December 13, 2011 6:04 PM EST
STAN Hot Sheet
Overall Analyst Rating:
    BUY (= Flat)

Revenue Growth %: +5.3%
Standard Parking Corporation (Nasdaq: STAN) has been awarded a parking management services contract at the Memphis International Airport. The Company commenced its operations at the Airport on November 1st. The Airport's current parking operation encompasses over 7,000 public and employee parking spaces.

The new multi-use facility will accommodate rental car operations and add approximately 4,500 long term economy public parking spaces. A key component of Standard Parking's contract involves the development of customer focused programs designed to improve service and reward customer loyalty.


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