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Speedemissions Engages Prospect Financial Advisors
Will Assist Company in Strategic Opportunities
ATLANTA, March 30 /PRNewswire-FirstCall/ -- Speedemissions, Inc. (OTC:SPEM)
(BULLETIN BOARD: SPEM) , a leading company for cars, SUVs, pick-up trucks and
mini-vans, announced that it has engaged Prospect Financial Advisors, LLC as
its Investment Banker. Prospect Financial Advisors, with headquarters in Los
Angeles, California, provides independent financial advice and access to
institutional and retail capital. They assist emerging growth companies like
Speedemissions with access to PIPES, Mezzanine Capital, Private Equity and
other funds.
"We are impressed with management and are excited about Speedemissions business
model. It's simple and has excellent store-level economics," said Bill Hannan,
Principal of Prospect Financial Advisors. "We're pleased that Speedemissions
has elected to call upon us as its partner to assist them with strategic
opportunities as it continues on its path of growth with key acquisitions."
Rich Parlontieri, President/CEO of Speedemissions, stated, "We are delighted to
be working with Prospect Financial Advisors. They have strong expertise in
Private and Public Markets, as well as being able to provide us with objective
and professional input as we pursue our strategy of making acquisitions in
selected markets as well as developing new stores."
An equity research report on Speedemissions is available at:
http://www.stocksontheweb.com/spem.pdf .
About Speedemissions Inc. http://www.speedemissions.com/
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). Since the emissions testing 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, Texas
markets. The Company expects to continue to 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 expressed 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.
For Further Information: Contact Jason Assad, Investor Relations, 770-306-7667
ext 227
DATASOURCE: Speedemissions, Inc.
CONTACT: Jason Assad, Investor Relations of Speedemissions, Inc.,
+1-770-306-7667, ext. 227
Web site: http://www.speedemissions.com/
http://www.stocksontheweb.com/spem.pdf