APCOA/Standard Parking                                              Exhibit 99.1
                                                              900 North Michigan
                                                                     Suite #1600
                                                        Chicago, Illinois  60611
                                                                  (312) 274-2000



FOR IMMEDIATE RELEASE

Contact:   Marc Baumann
           Chief Financial Officer
           (312) 274-2199

                        APCOA/STANDARD PARKING COMPLETES
                       EXCHANGE OFFER AND RECAPITALIZATION

CHICAGO, IL, January 14, 2002: APCOA/Standard Parking, Inc. ("APCOA/Standard
Parking") announced today that it has completed an unregistered exchange offer
with holders of its outstanding 9 1/4% Senior Subordinated Notes due 2008 ("9
1/4% Notes"). APCOA/Standard Parking received gross proceeds of $20.0 million
and retired approximately $91.1 million of its outstanding 9 1/4% Notes, while
issuing $59,285,000 of its new 14% Senior Subordinated Second Lien Notes due
2006 and 3,500 shares of its 18% Senior Convertible Redeemable Preferred Stock.

APCOA/Standard Parking intends to use the $20.0 million of cash proceeds to,
among other things, increase liquidity, deleverage its balance sheet, pay fees
and expenses related to the exchange offer and reduce its cash interest expense.

The securities issued in the exchange offer were not registered under the
Securities Act of 1933, as amended, and may not be sold in the United States
absent registration or an applicable exemption from registration requirements.

APCOA/Standard Parking has approximately 13,700 employees and manages more than
1,950 airport and urban parking facilities in over 260 cities spanning 43 states
and three Canadian provinces.

                                     * * * *

The foregoing contains certain "forward-looking statements" which are based on
management's beliefs as well as on a number of assumptions concerning future
events made by, and information available to, management. Investors are
cautioned that such forward-looking statements involve risks and uncertainties,
including risks relating to any improvement in our liquidity. Although
APCOA/Standard Parking believes that the assumptions underlying the
forward-looking statements contained herein are reasonable, any of the
assumptions could be inaccurate and, therefor, there can be no assurance that
the forward-looking statements included herein will prove to be accurate. In
light of the significant uncertainties inherent in the forward-looking
statements included herein, the inclusion of such information should not be
regarded as representation by APCOA/Standard Parking or any other persons that
the objectives and plans of APCOA/Standard Parking will be achieved.
APCOA/Standard Parking disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new information, future
events or otherwise.