Integrated Parking Solutions, Inc. Announces Product Development Alliance with Memorylink Corp.

Thu. May 14, 2009; Posted: 10:32 AM

ROLLING MEADOWS, Ill., May 14, 2009 (BUSINESS WIRE) -- IGPK | Quote | Chart | News | PowerRating -- Integrated Parking Solutions, Inc. ("IPS") (OTC: IGPK | Quote | Chart | News | PowerRating) and Memorylink Corp. ("Memorylink"), Neenah, Wisconsin, announced today that they have agreed to a Product Development Alliance. The purpose of the Alliance is to maximize the application of their combined strengths in management, engineering, manufacturing, marketing, and sales. Memorylink has skills in carrier-class wireless systems and IPS has strengths in the unique technologies that are emerging in the burgeoning parking management industry. The combined resources of the two companies' skills in wireless network deployment will provide an engine for driving new product innovation.

Both companies have strong relationships with major industry players. An immediate thrust will be to pursue integration of wireless, network management and detection technologies into the products and systems of parking management industry partners.

About Memorylink. Memorylink Corp., a privately held company, designs and manufactures products that allow users to communicate in new and innovative ways, by delivering voice, video, and data over IP links in a reliable, cost-effective, and simple fashion. Memorylink's products provide new functionality and improved performance for today's global wireless IP networks, including cellular backhaul.

About Integrated Parking Solutions. Integrated Parking Solutions, Inc. designs advanced wireless data acquisition and communication products specifically targeted at the expanding needs of the 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.

SOURCE: Integrated Parking Solutions, Inc.

for Integrated Parking Solutions, Inc. 
Chuck Campbell 
(708) 798-9405

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