March 1, 2012 — Parking BOXX (BOXX), developers of Parking Access Revenue Control Systems (PARCS) M2M SaaS platform and management software, announced today that it has completed the December 31, 2011 acquisition of the assets of the Parking division of Modern Access Systems (Modern Parking), which brings 75 years of experience in PARCS to the BOXX team.

During the transition, BOXX contracted with Modern to continue manufacturing operations and customer service for existing customers to ensure no disruption in the production pipeline and no inconvenience to existing customers.

About Modern Access Systems Developing better solutions and quality products, Modern Access Systems continues to improve transportation intelligence, access control and monitoring, parking technology, self-storage management, and time and attendance monitoring hardware and software, bringing more effective integrated technologies and granting companies access to peace of mind. For more information visit www.masiglobal.com.

About Parking BOXX The Parking BOXX (BOXX) team has over 15 years of experience in developing industry leading software systems and 75 years of experience in providing PARCS solutions. BOXX brings visibility and control to a new level by offering a secure Machine to Machine Software-as-a-Service (M2M SaaS) solution that performs real-time aggregation of data from business applications, sensors and components into a single view. The BOXX cloud platform turns that data into a highly visual information display accessible from laptops, smart phones and tablets, regardless of platform, and can be shared with others in real-time. Solutions from BOXX play a key role in the secure management of these assets and services, particularly for the purpose of evaluating data to enhance business decisions and revenue generation.

The BOXX platform meets the needs of government agencies, private parking and security companies, hospitals, airports, universities and schools, complex commercial and business centers, hotels, tourist destinations, theme and amusement parks, trade shows and expos, and stadiums worldwide. For more information, please visit www.parkingboxx.com or email pr@parkingboxx.com.