Parkmobile USA, founded in 2008 and headquartered in Atlanta, is one of the largest providers of mobile parking payment systems and transportation technology solutions in the United States.
Parkmobile products have been in wide use since 1999, the year
Parkmobile USA’s European counterpart, Parkmobile Group, was founded.

Parkmobile’s
cashless parking system allows motorists to pay for parking through an
application on their mobile phone or by making a short call,
eliminating the need to carry change, predict their length of stay and
continually feed the meter.  The Company also is a leading provider of
Electronic Parking Permits.  Parkmobile’s solutions offer a strong
business case to municipalities and private operators of all sizes, by
significantly increasing revenue, while reducing costs, traffic
congestion, fuel usage and vehicle emissions.  This proprietary suite
of electronic parking solutions puts the Company at the forefront of
its industry.  

Mark Schulz,
a Founding Partner at Fontinalis and the former President of Ford Motor
Company’s International Operations has been appointed chairman of
Parkmobile USA.

Led by Chief Executive Officer Albert Bogaard,
Parkmobile USA’s senior management team will continue to lead the
company.  Collectively, Parkmobile’s executive leadership group
represents one of the most experienced transportation management teams
in the electronic parking and congestion management field.

William Clay Ford, Jr. ("Bill Ford"),
another Founding Partner of Fontinalis Partners and Executive Chairman
of Ford Motor Company, added: "We are delighted to partner with Albert Bogaard
and the Parkmobile USA team.  The Parkmobile business model is directly
aligned with Fontinalis’ mission to invest in and assist firms which
are currently providing transformational ideas and products devoted to
solving the world’s most pressing environmental and mobility-oriented
problems."

Fontinalis Partners is not affiliated with Ford Motor Company.

"Fontinalis’
investment is a validation of our company’s achievements to date and
represents a considerable endorsement of our future growth potential
throughout the United States and the
international community," said Mr. Bogaard.  "Given their team and
transportation technology focus, Fontinalis has an unparalleled ability
to provide its portfolio companies the resources and support they need
to scale and succeed.  Together, we will continue to invest in the
people, infrastructure and systems necessary to provide differentiated
value to our governmental, private parking and fleet operator partners."

About Parkmobile

Parkmobile
is a leading global provider of seamlessly integrated end-to-end
solutions for electronic parking. The firm’s product offerings include
cashless mobile payments for on and off street parking, digital
permits, electronic enforcement and congestion charging systems.  For
further information about Parkmobile USA, please visit www.parkmobile.com/us.  The firm can be reached at 3200 Cobb Galleria Parkway, Suite 214, Atlanta, GA 30339 or (770) 818-9036.

About Fontinalis Partners

Fontinalis Partners, with offices in Detroit and Boston, is a leading transportation technology strategic investment firm founded by Bill Ford, Ralph Booth, Mark Schulz, Chris Cheever and Chris Thomas.
Fontinalis’ mission is to leverage the firm’s considerable management
experience, market access, strategic relationships, international
expertise, and background in transportation innovation to scale
companies providing the transportation technology solutions of
tomorrow.  Fontinalis Partners, LLC, invests as a strategic partner
across all facets of the world’s transportation infrastructure on a
stage, structure and size agnostic basis.  Fontinalis Partners is not
affiliated with Ford Motor Company. For further information about
Fontinalis Partners, please visit www.fontinalispartners.com or call (313) 432-0321.

SOURCE Parkmobile USA, Inc.

RELATED LINKS
http://www.parkmobile.com/us

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