Tele Atlas(R), a leading global geographic content provider, and SpotScout, Inc., a mobile application software company creating a virtual, real-time mobile marketplace for buying and selling parking spaces, announced today that they plan to collaborate to deliver a parking availability solution based on Tele Atlas' digital map data.

SpotScout's software solution is designed to help drivers find information about available parking spaces via a mobile information network. Combined with Tele Atlas' highly accurate and up-to-date digital maps, subscribing mobile navigation system users will be able to quickly "spotscout" for and reserve a parking space that a "spotscaster" near them owns, leases or plans to vacate.

"SpotScout is building a unique mobile social networking tool," said Jay Benson, Tele Atlas Vice President of Business Development. "We are collaborating to deliver useful content that helps people make even greater use of location-based technology and eliminate a main source of frustration for those living in and traveling around populated metro areas."

SpotScout CEO Andrew Rollert said the company is excited to collaborate with the leading supplier of geographic content for mobile devices and applications. "Tele Atlas has supported our early efforts and is working with us to ensure our market application has the best foundation of up-to-date street data that accurately directs drivers to a precise parking location so they can quickly be on their way."

About Tele Atlas

Founded in 1984, Tele Atlas delivers the digital maps and dynamic location content that power the world's most essential geographic solutions. The information is the foundation for a wide range of personal and in-car navigation systems, mobile and Internet map applications that help GPS system users find the places, products and services they need, wherever they are. Tele Atlas also works with business partners who deliver critical applications for emergency, business fleet and infrastructure services. The company employs 2,300 full-time staff and contract cartographers at offices in 20 countries around the world and uses a sophisticated network of drivers, mobile mapping vans and thousands of data sources to regularly update its maps. Tele Atlas is listed on the Frankfurt Stock Exchange (TA6) and on Euronext Amsterdam (TA). For more information, visit http://www.teleatlas.com.

About SpotScout

Founded in 2004, SpotScout has developed a system that enables individuals and communities to solve their local parking problems by creating a virtual marketplace for parking information. The SpotScout network is accessible from any web enabled device, including mobile phones, for 'on the fly' information and the ability to reserve a space before arriving at the intended destination. SpotScout brings Web 2.0 to the parking industry, creating a unique system that increases traffic flow efficiency by connecting parking supply with parking demand. When more drivers know the whereabouts of spaces, fewer drivers circle around looking for parking. Using SpotScout significantly reduces vehicle travel time and congestion while reducing individual gas expenditure and positively impacting the environment. SpotScout is based in the U.S. in Cambridge, Massachusetts. For more information, visit http://www.spotscout.com.