CurbStand Valet App Appoints Arya Alexander As Chief Executive Officer

Company Focus Shifts Into Valet Operations With An App Advantage

LOS ANGELES--()--CurbStand, the cashless valet app that allows users to seamlessly locate, pay, tip and request their cars for valet parking from their mobile device, has officially named co-founder Arya Alexander as its Chief Executive Officer. Mr. Alexander took the wheel at CurbStand as the Interim CEO in March 2016, following the departure of Serge Gojkovich. Since his appointment as Interim CEO, Mr. Alexander has increased revenue more than 300% and has taken the company to a cash flow positive position by refocusing the valet app into a full parking business. “By vertically integrating with the parking operation, we’re better able to control the customer experience from end to end. We're also able to reduce our costs by taking on the leasing agreements, which has dramatically improved our unit economics making our stands more profitable and accessible,” says Mr. Alexander.

“By vertically integrating with the parking operation, we’re better able to control the customer experience from end to end. We're also able to reduce our costs by taking on the leasing agreements, which has dramatically improved our unit economics making our stands more profitable and accessible”

Under Gojkovich in 2014 through early 2016, CurbStand licensed its technology platform to over 30 valet parking companies across 9 US markets and raised $6.5 million in funding. “Serge did a great job scaling CurbStand at an incredible rate, but in order to be more successful, I truly believe we need to own and manage the full valet parking operation, and Arya is the perfect fit to take us forward,” says CurbStand board member and co-founder, Moncef Abbou. “In the future, we will revisit licensing our platform to other parking companies so they can extend CurbStand’s seamless user experience to their customers and better manage their own operations.”

CurbStand became a fully integrated valet service in March 2016 through a partnership with a local valet parking service with 20 restaurant accounts at the time, and has since added 50 other businesses to its portfolio including Republique, Yamashiro, H.Wood Group, JetSuiteX and 7 other airport accounts including Burbank Airport, Hawthorne Airport, and Las Vegas McCarran Airport.

About CurbStand:

Launched in October 2013, CurbStand introduced a complete valet parking solution including mobile payment, car request, parking availability, and valet operations. Leveraging cutting-edge technologies and operational experience, CurbStand is delivering a cashless, concierge-style valet experience for customers to find, pay, and tip for parking, and for businesses to better manage their parking. CurbStand is based in Los Angeles, CA. Restaurants and other businesses interested in offering the seamless CurbStand valet experience should email valet@curbstand.com. Visit www.CurbStand.com for more information. Follow CurbStand on Twitter, Instagram and Facebook, and download the iOS app for free via the iTunes store and the Android app from Google Play.

Contacts

CurbStand
Ricky Alexander
310-626-1655
Press@curbstand.com