10.01.25

Dear Investor,

Big news today: Parking Today magazine - the largest trade publication in the industry - ran a feature on MPS (link below). For the U.S. parking industry AND the U.S. real estate industry, this is a big deal. Our patented technology isn’t just changing parking lots; it’s changing property economics.

https://parkingtoday.com/segments/medical/small-lots-earn-big-returns-through-automation/

You’ve heard me talk about MicroLots (“baby parking lots”) before. Parking Today heard about them too -- and interviewed a couple of our customers. The results? Let’s just say the testimonials speak louder than I can.

Here’s the magic: most small lots used to default to free parking. Not because owners didn’t want revenue, but because the old-school hardware (gates, kiosks, etc.) costs $50–$100k+ per site. Our solution? Roughly $5k per lot to install. Example: a 30-car lot invests $5k once and now earns $60k/year. At a 6% cap rate, that’s a $1 million property value lift. I may not have a finance degree, but even I know that’s a check I would write until my right arm fell off…and then I’d learn to write left-handed.

The story talks about a couple of customers. Below is a slide that breaks down the Stillwater MN lot. Check it out it, it will blow your mind. 

In summary, in the first 3.5 months MPS has delivered:

• $100k+ in gross revenue in the first 3.5 months

• ~$14k in monthly Revenue/NOI to customer

• ~$2.8 million in Property Value Creation ($14K x 12 divided by 6% cap rate

SafetyStick Expansion.

Separately, we added two new cities in New Jersey in the past 2 days, Closter and Montclair NJ. What’s notable here is speed: only four weeks from first call to City Council approval.

As always if you have questions, please call me.

Hold on to your Hat!

Joe