QuickPay Announces New Chief Operating Officer

SAN FRANCISCO, Feb. 3, 2012 /PRNewswire/ -- QuickPay Corp., the leading unified mobile parking payments and services provider, announced that parking industry veteran Gregory J. Stormberg has been appointed as the company's new Chief Operating Officer and Head of Business Development. In this role, Mr. Stormberg's responsibilities include forging national partnerships with municipalities, operators, and universities to bring QuickPay's unified mobile parking solution to market at scale worldwide.

Stormberg joins QuickPay after 27 years in the commercial parking and transportation industry. As an executive for the commercial operator, Central Parking System, Greg had responsibility for the management oversight of 24,000 employees operating 3,000 parking facilities consisting of 1.6 million spaces. Greg also had responsibility for the Central Parking System's performance including strategic acquisitions, business development, management operations, and strategic technology initiatives. In 2007 he helped lead the largest buyout transaction in the industry when the group sold Central Parking Corporation to a group of private equity firms for $726 million.

Prior to joining QuickPay, Greg was COO of ParkMobile USA, a mobile payment solutions provider, where Greg helped establish some of the largest deployments of mobile payments for on-street parking in the U.S., including Washington, D.C.

Mr. Stormberg said, "I have been excited about QuickPay ever since I saw their system that lets parkers access and pay for any gated garages using a mobile phone.  This is what the parking industry has been waiting for, as it opens up the largest set of parking facilities to mobile parking technology and offers a unified solution across all types of parking. I'm excited to help bring this to national scale quickly."

Dr. Barney Pell, QuickPay's Executive Chairman, said, "We are delighted that Greg has joined us. His experience as a leader at the largest U.S. parking operator and at a mobile parking startup will help us execute on our vision to bring the world of digital innovation to the parking industry."

About QuickPay Corp.

Founded in 2010 and privately held, QuickPay Corp. is the leading provider of unified mobile parking technology. Unlike any other mobile payment application, QuickPay provides a cloud-based mobile parking access and revenue control system that integrates with any legacy parking infrastructure. This enables parking and transit owners and operators to unify their assets under a single low-cost and fast-deploy mobile payment platform. For more info, please visit: http://qpme.com or call 650.394.7763.

SOURCE QuickPay Corp.

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