Speedemissions Acquires Mobile Vehicle Emission Testing Units to Continue Its Growth Plan

Name	Symbol	Market	Type
SPDR Portfolio Emerging Markets ETF	AMEX:SPEM	AMEX	Exchange Traded Fund

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SPDR Portfolio Emerging Markets ETF

AMEX:SPEM

AMEX

Exchange Traded Fund

	Price Change	% Change	Price	High Price	Low Price	Open Price	Traded	Last Trade
	0.00	0.00%	37.59				0	01:00:00

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Speedemissions Acquires Mobile Vehicle Emission Testing Units to Continue Its Growth Plan

02/12/2004 7:26pm

PR Newswire (US)

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Speedemissions Acquires Mobile Vehicle Emission Testing Units to Continue Its Growth Plan ATLANTA, Dec. 2 /PRNewswire-FirstCall/ -- Speedemissions, Inc. (OTC:SPEM) (BULLETIN BOARD: SPEM) , a vehicle emissions testing and safety inspections company, announced that it is again expanding its business through the acquisition of SIT, Inc.'s Atlanta based EMI Mobile Testing Units. This acquisition enhances a unique business segment for Speedemissions in bringing the auto emission testing to the fleet customer. EMI's Mobile Testing Unit is Atlanta's largest with five mobile testing vehicles for the new and used car dealers. Based on their 2004 numbers, these mobile vehicles are expected to add about $500,000 in additional revenue to Speedemissions. The Company will now have six mobile vehicles covering the market. Along with this acquisition, Speedemissions has hired Donald Keener as Sales Manager to further develop this fleet and car dealer business for the 13 county metro area. Mr. Keener has over 20 years of experience in the selling of key corporate accounts throughout the Atlanta market. Speedemissions is also expanding its Atlanta area presence by opening another organic store. Its 17th Atlanta store is located at the Auto- Indulgence Car Wash Center in Alpharetta, Georgia and will open the first week of December. This free-standing kiosk testing station will expand the customer service experience at the car wash. Rich Parlontieri, CEO of Speedemissions, said, "We are continuing to look at business growth opportunities. This fleet of mobile testing vehicles allows us to now rapidly expand our capabilities in this fast growing segment of the emissions testing business. Also, the addition of Don, who brings a wealth of national sales experience and management to the job, should make us better able to achieve our goals in this part of the vehicle emissions test market. Further, we plan to take advantage of those opportunities 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, Texas markets. They expect to continue rapidly expanding 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. DATASOURCE: Speedemissions, Inc. CONTACT: Richard Parlontieri, CEO-President of Speedemissions, +1-770-306-7667 Web site: http://www.speedemissions.com/

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