Parking BOXX Announces Letter of Intent to Acquire Modern Parking Division

November 17, 2011 – Parking BOXX announced today that it has signed a letter of intent to acquire the Modern Parking division. This acquisition furthers Parking BOXX's strategic growth plan as a leading North American parking systems manufacturer and service provider.

The addition of the Modern Parking division's assets and operations is expected to expand Parking BOXX's manufacturing capacity and service network, allowing the company to better meet growing demand for its parking access revenue control systems (PARCS) across the United States and Canada.

About Parking BOXX. The Parking BOXX (BOXX) team has over 75 years of experience in providing PARCS solutions. Parking BOXX manufactures and deploys parking systems that serve government agencies, private parking operators, hospitals, airports, hotels, universities, and commercial facilities across North America. For more information, please visit https://parkingboxx.com.