ParkMagic Announces Appointment of Director of Operations North America and the Opening of its New Corporate Office

In conjunction with the opening of its new offices, ParkMagic has also announced that Jim O'Connell will lead the company's expansion in the US. Jim comes to ParkMagic with a strong track record of successfully growing profitable and vibrant companies in emerging technology markets. O'Connell was co-founder of Caradas Inc. His previous companies include Greenwich Technology Partners, SCM Microsystems and Securify Inc. and he is the former Business Development Director for the Smart Card Alliance in the US. He has been a strategic advisor to many Global 100 companies including Pfizer, Staples and Motorola.

"I am excited to have the opportunity to contribute to the success of such a wonderful company," said Jim O'Connell. "ParkMagic's Mobile Payment Solution demonstrates the power of the idea of the multi-application mobile phone."

"We're delighted to have Jim on board," added Paul Fitzgerald, Chief Executive Officer at ParkMagic. "The United States market is key to our growth and it is a sign of our confidence in this market that we are opening our US headquarters here in Boston and bringing in someone of Jim's experience and ability. ParkMagic will provide millions of US consumers with the ability to effortlessly pay for parking without the need for cash and from the comfort of their own vehicle."

About ParkMagic

ParkMagic is an Irish registered private company. Its Mobile Parking Service (MPS) is the world's first in-car parking permit display system controlled using a cell phone. The design philosophy behind ParkMagic services revolves around simplicity, convenience of use and cost effectiveness. The company's parking payment service delivers just that.