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Speedemissions Acquires Vehicle Emission Testing Station and
Secures Leases to Continue Its Growth Plan
ATLANTA, July 28 /PRNewswire-FirstCall/ -- Speedemissions, Inc. (OTC:SPEM)
(BULLETIN BOARD: SPEM) , a vehicle emissions testing and safety inspections
company announced that it is expanding its store base. The Company has acquired
another vehicle emission testing store based in Atlanta. This brings the number
of stores operated by the company, in the Atlanta market, to a total of 16. In
addition, plans for the 17th and 18th stores in the Atlanta area have been
finalized with one store opening in mid-August and the other in late September.
Speedemissions is also expanding is geographical reach into the Dallas, Texas
area by opening two new stores in mid-August. With this acquisition and
organic store openings, the Company should be operating 23 stations by October
of this year.
Rich Parlontieri, CEO of Speedemissions, said, "We are continuing to look at
many store expansion opportunities and plan to take advantage of the stores
that fit into our business model, quickly adding volume and cash flow to our
bottom line."
About Speedemissions: Speedemissions, Inc., based in Atlanta, Georgia, plans to
become the leading vehicle emissions (and safety inspection where required)
company in the United States in areas where auto testing is mandated by the
Environmental Protection Agency (EPA). The market is highly fragmented.
Speedemissions expects to be the first company to create a national brand
offering their customers quick and efficient vehicle emissions testing service.
The initial focus of the company is in the Atlanta, Georgia and Houston and
Dallas, Texas markets. They expect to continue rapidly expand store sites.
Certain statements contained in this news release regarding matters that are
not historical facts may be forward-looking statements. Because such
forward-looking statements include risks and uncertainties, actual results may
differ materially from those expresses in or implied by such forward-looking
statements. Factors that could cause actual results to differ materially
include, but are not limited to, uncertainties pertaining to continued market
acceptance for Speedemissions' products and services, its ability to succeed in
growing revenue, the effect of new competitors in its market, integration of
acquired businesses, and other risk factors identified from time to time in its
filings with the Securities and Exchange Commission.
DATASOURCE: Speedemissions, Inc.
CONTACT: Richard Parlontieri, CEO-President of Speedemissions,
+1-770-306-7667
Web site: http://www.speedemissions.com/