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
                          EXPIRATION OF EXCHANGE OFFER

     CHICAGO, IL, January 9, 2002: APCOA/Standard Parking, Inc. ("APCOA/Standard
Parking")  announced  today that the tender  period for its  unregistered  $50.0
million  (with a  minimum  of $45.5  million  and a  maximum  of $65.0  million)
exchange offer with holders of its outstanding 9 1/4% Senior  Subordinated Notes
due 2008 ("9 1/4% Notes") and its  solicitation of consents to certain  proposed
amendments  to  the  indenture   governing  the  9  1/4%  Notes  (the  "Proposed
Amendments")   has  expired.   APCOA/Standard   Parking   received   tenders  of
approximately  $91.1 million in aggregate  principal  amount of 9 1/4% Notes and
the required  consents to effect the Proposed  Amendments.  Tendering holders of
APCOA/Standard  Parking's 9 1/4% Notes who tendered for APCOA/Standard Parking's
new 14%  Senior  Subordinated  Second  Lien Notes due 2006  ("14%  Notes")  will
receive  $1,056.36  principal  amount of 14% Notes for each $1,000 of  principal
amount  of 9 1/4%  Notes.  The  aggregate  amount of 14%  Notes  issued  will be
approximately  $59.3  million.  Holders  of 9 1/4% Notes  also  tendered  for an
aggregate  3,500  shares of  APCOA/Standard  Parking's  18%  Senior  Convertible
Redeemable  Preferred  Stock.  Holders of 9 1/4% Notes who tendered their 9 1/4%
Notes for 14% Notes will pay  $356.36 to  APCOA/Standard  Parking  per $1,000 of
principal  amount of 9 1/4% Notes  tendered by such holder.  This amount must be
wired to the Exchange  Agent or delivered to the Exchange Agent in the form of a
certified  check by  noon,  New York  City  time,  on  Thursday,  January  10th.
Alternatively,  funds may be transmitted  through the Depository Trust Company's
Automatic Tender Offer Program.

     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 offering 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

<PAGE>


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.


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