1059262--3/13/2009--STANDARD_PARKING

related topics

{capital, credit, financial}

{loss, insurance, financial}

{condition, economic, financial}

{operation, natural, condition}

{debt, indebtedness, cash}

{stock, price, operating}

{regulation, government, change}

{product, liability, claim}

{cost, operation, labor}

{acquisition, growth, future}

{personnel, key, retain}

{competitive, industry, competition}

{regulation, change, law}

{customer, product, revenue}

Adverse economic trends and turmoil in the credit markets and the financial services industry may reduce demand for our services, lower our earnings and harm our operations. The financial difficulties or bankruptcy of one or more of our major clients could adversely affect results. Our working capital and liquidity may be adversely affected if a significant number of our clients require us to deposit all parking revenues into their respective accounts. The offer or sale of a substantial amount of our common stock by our controlling shareholder could have an adverse impact on the market price of our common stock. If a person or group unaffiliated with our parent company acquires a majority of our common stock, a change of control default could be triggered under our credit facility, which would adversely impact our liquidity, capital resources and business operations. Our parent company, Steamboat Industries LLC, which is controlled by our chairman, controls our major corporate decisions. Our management contracts and leases expose us to certain risks. Our indebtedness could adversely affect our financial health and prevent us from fulfilling our obligations. Our business would be harmed if fewer clients obtain liability insurance coverage through us. Additional funds would need to be reserved for future insurance losses if such losses are worse than expected. Our ability to expand our business will be dependent upon the availability of adequate capital. We must comply with public and private regulations that may impose significant costs on us. We believe that our public and private client base is becoming more concentrated. The failure to successfully complete or integrate acquisitions or new contracts could have a negative impact on our business. The sureties for our performance bond program may elect not to provide us with new or renewal performance bonds for any reason. We may be unable to renew our insurance coverage and we do not maintain insurance coverage for all possible risks. Our business may be harmed as a result of extraordinary natural disasters. Our business may be harmed as a result of terrorist attacks and the related increase in government regulation of airports and reduced air travel. The operation of our business is dependent upon key personnel. We operate in a very competitive business environment. Many of our employees are covered by collective bargaining agreements. Economic and demographic trends could materially adversely affect our business.

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1059262--3/13/2009--STANDARD_PARKING_CORP