Photo Violation Technologies Corp.

Photo Violation Technologies Corp.

November 18, 2008 21:16 ET

Photo Violation Technologies Corp.™ Offers Cities a Solution for Budget Shortfalls

PVT® will increase parking revenues by 5 times or more with city's existing parking spaces

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 18, 2008) - Photo Violation Technologies Corp.™ ("PVT®" or "the Company"), a leader in technologically innovative parking solutions is pleased to announce that it's ready to roll out its revolutionary PhotoViolationMeter® parking solution on a commercial basis after completing successful trials in cities across North America. Through these trials, the PhotoViolationMeter® solution has been proven to increase parking revenues by more than 600% by ensuring higher compliance from motorists.

With the current economic environment, cities are struggling with budget deficits and are exploring new potential revenue streams to avoid increasing taxes. PVT® creates new revenues streams for cities and increases the existing parking revenues just by implementing the PhotoViolationMeter® Solution. PVT® offers a solution that will not require any capital investment for the city and will help cities to meet their budget requirements by increasing parking revenues by 5 times or more.

The PhotoViolationMeter® Solution provides cities with a full parking management system encompassing one or all of the following: on-street meters (PVM®), handheld units (PhotoViolationHHU®), free Wi-Fi communication (WiCity®) and a full back end software management system (MeterLink™). Not only will the PhotoViolation solution benefit the bottom line of cities, the parking public will benefit from unique user-friendly patented features such as, the Grace Period™ feature, No-Fine™ feature and the Every Way to Pay™ feature, which increases compliance and usability.

Typically, when cities acquire new equipment of any kind, budget provisions are required. PVT® offers a unique Revenue Share Model, where cities will not have to expend any funds from their budget. PVT® will supply, install, and maintain their parking equipment at zero upfront cost to the city and PVT® will not touch the city's existing parking revenues at all. Only the additional revenue that is generated from the PhotoViolation Solution will be shared. PVT® will maintain and support all their equipment.

To further assist cities PVT® also offers a free Wi-Fi network wherever the meters are installed. This will help to attract people to businesses in the downtown core and offers a great benefit to the people of the city. The increase in business will result in a significant increase in tax revenue for cities.

Photo Violation Technologies Corp.™ is a private Canadian corporation, with subsidiaries in the U.S.A., Europe and Asia that has developed a patented, technologically innovative parking meter system - the PhotoViolationMeter®. Photo Violation Technologies Corp.™ has successfully forged relationships with Fortune 500 companies and global suppliers such as IBM, Cisco, and Honeywell. These relationships ensure the future success of Photo Violation Technologies Corp.™ on a global scale. Photo Violation Technologies Corp.™ is proud to be working with these partners to develop the most sophisticated parking system. Together we are Revolutionizing the Parking Industry® by Perfecting How People Park® through the PhotoViolationMeter® solution. Visit our website for more details on our company.

For more information on how the PhotoViolationMeter® solution can increase your city's parking revenues by 5 times or more, please visit or contact our Sales Manager Gina Min.

This document may contain forward-looking statements. These statements present management's expectations, beliefs, plans, and objectives regarding future events and conditions and, as such, involve inherent risk and uncertainties. Actual results could be significantly different from those projected.

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