| March 17 & 18, 2008 | Midwest Venture Summit | |
| On line registration is now closed. On site registration will be available on Monday, March 17 at The University of Chicago Gleacher Center and on Tuesday, March 18 at the Sheraton Chicago Hotel & Towers. The cost to register is $599.00 | ||
Return to list of companies
Park Whiz
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Internet: |
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Address: |
222 North Columbus Drive |
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Contact: |
Aashish Dalal – CEO |
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Phone: |
312/281-2330 |
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Fax: |
347/521-1963 |
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e-Mail: |
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ParkWhiz LLC is a privately held company, based in Chicago, whose mission is to save consumers time, money, and frustration when it comes to parking their cars. To do that, ParkWhiz is building an online marketplace for the underserved $30 billion parking industry, connecting drivers looking for parking with a range of available spaces, including parking garages and private spaces that are currently not on the rental market, and allow them to reserve spaces for use. The marketplace does for parking what companies like Expedia and Orbitz have done successfully for airline, hotel, and car rental reservations. Customers enter their end destination at ParkWhiz.com and in seconds view prices, specials, discounts and more complete with parking location information and pictures. This convenient and quick response satisfies a major demand in the market that is currently unmet. ParkWhiz earns a 25% commission on all booked parking reservations which range from $17 for reserved parking at Lyric Opera of Chicago to $100 reserved parking at a nearby O’Hare parking facility.
ParkWhiz is currently addressing the scarcity of parking options in high traffic and urban centers, such as airports and event-based venues (i.e. stadiums, theaters, and concerts). Providing an easy way for consumers to find AND reserve parking at these locations before they reach their destination not only saves the consumer time, money, and frustration, but enables the parking facility to increase utilization and create additional revenue on an unused space. The traction from the online booking system has put ParkWhiz in a position to launch an affiliate program as well as related services that provide recurring revenue streams. Several major travel and Internet companies have approached ParkWhiz to offer their customers reserved parking. ParkWhiz will rollout additional services for parking companies including search engine marketing services, detailed reporting, and a private labeled online reservations system. Each phase of new services further integrates ParkWhiz into the overall business model of each parking company, increasing revenue and strengthening barriers to entry. A talented and experienced management team is in place to execute on the plan to bring proven solutions from related industries and apply them to this large and underserved niche market. | |
