Exhibit 99.1



APCOA/Standard Parking
                                                              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 ANNOUNCES AN
                         EXTENTION OF ITS EXCHANGE OFFER

CHICAGO, IL, December 20, 2001:  APCOA/Standard  Parking, Inc.  ("APCOA/Standard
Parking")  announced  today  that it will  extend  the  exchange  period for its
unregistered offer to exchange its outstanding 9 1/4% Senior  Subordinated Notes
due 2008 ("9 1/4% Notes") for either (i) $50.0  million (with a minimum of $45.5
million  and a  maximum  of  $65.0  million)  of its  newly  issued  14%  Senior
Subordinated  Second  Lien  Notes due 2006  ("14%  Notes")  plus the  payment by
exchanging bondholders of additional cash to APCOA/Standard Parking, or (ii) its
newly issued 18% Senior Convertible  Redeemable  Preferred Stock (the "Preferred
Stock") and its  solicitation  of consents  from  holders of its 9 1/4% Notes to
modify certain  financial and restrictive  covenants to the indenture  governing
the 9 1/4%  Notes.  To date,  APCOA/Standard  Parking has  received  tenders and
consents of approximately  $91.1 million in aggregate principal amount of 9 1/4%
Notes,  of which $35.0  million  tendered  their  notes for shares of  Preferred
Stock.

The  Exchange  Offer  will  expire at 5:00 p.m.  New York City time on  Tuesday,
January 8, 2002.  APCOA/Standard Parking is extending the Exchange Offer to make
certain  modifications  to the  Exchange  Offer.  A  supplement  to the Offering
Circular  and  Consent  Solicitation  dated  November  20,  2001,  as amended on
December 4, 2001, will be sent to holders of 9 1/4 Notes.

The  securities  issued in the exchange  offer will not be 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.