Integrated Parking Solutions, Inc. Restates Financial Results

Business Wire,  April 24, 2008  

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ARLINGTON HEIGHTS, Ill. -- Integrated Parking Solutions, Inc. (IPS) (OTC:IGPK), the leader in the design, development and implementation of wireless parking technology, announced today that the financial results for the past three fiscal years ended September 30, 2007 have been prepared using accrual basis accounting. As a result of the merger with Great Lakes Acquisitions, Inc. ("GLKA") in March 2006, the combined company now uses GLKA's fiscal year ending on September 30. The previously released financial information used cash basis accounting and a December 31 fiscal year end.

Integrated Parking Solutions

Integrated Parking Solutions is a leading provider of turn-key mobile handheld enforcement solutions for on-street and off-street parking for universities, corporations and some of the nation's largest municipalities. Also, the Company designs, develops and implements the most advanced wireless data acquisition and communication products specifically designed for the expanding needs of parking and intelligent transportation industries.

Forward Looking Statements

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statements containing words, such as, "believes," "should," "anticipates," "plans," or "expects" as well as other statements are forward-looking, and those statements involve risks and uncertainties outside of the control of the Company and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

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