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Will This Company Need a Passport? from Page 13


most attractive to operators and owners as it will enable them to have real-time control over all locations and receive real-time management reports on all activities. “The goal has been to minimize the amount of hardware


located in the parking facilities and enable customers to use cloud based software,” Bob Youakim said. “This greatly reduces conversion costs and enables smaller parking opera- tors and owners to leverage their operations staff and have similar tools that were at one time available only to the largest operators. “Our goal is to ensure that our business models will


attract small users,” he said. “We are stressing low upfront capital costs with transactions fees typically structured as pass-through costs. The larger operators may control 30% of the locations, but that leaves a huge market out there.” Passport Parking has developed relationships with local


developers in Charlotte, their home base, plus a working relationship with its largest local university. Also, the com- pany has been selected to help promote Charlotte’s move- ment to be a greener and more tech-savvy city in conjunction with the Democratic National Convention in late summer.


The first major Passport Parking launch will be at the 2012 IPI Conference & Expo June 10-13 in Phoenix.


PT


See us at the PIE booth #T4 14 Parking Today www.parkingtoday.com


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