Speedemissions, Inc. Announces First Quarter EBITDA

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

Name

Symbol

Market

Type

SPDR Portfolio Emerging Markets ETF

AMEX:SPEM

AMEX

Exchange Traded Fund

	Price Change	% Change	Price	High Price	Low Price	Open Price	Traded	Last Trade
	0.28	0.73%	38.79	38.8399	38.605	38.63	823,677	21:15:00

Price Change

% Change

Price

High Price

Low Price

Open Price

Traded

Last Trade

0.28

0.73%

38.79

38.8399

38.605

38.63

823,677

21:15:00

Speedemissions, Inc. Announces First Quarter EBITDA

25/05/2004 9:34pm

PR Newswire (US)

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Speedemissions, Inc. Announces First Quarter EBITDA ATLANTA, May 25 /PRNewswire-FirstCall/ -- Speedemissions, Inc. (BULLETIN BOARD: SPEM) a vehicle emissions testing and safety inspection company announced that it's first quarter of store acquisitions and organic growth produced EBITDA margins of 26%. "This result is before we begin to significantly drive customer volume through our stores under the Speedemissions brand," said CEO Rich Parlontieri. For the March quarter, revenue was $618,000 and reflected only two months of the newly acquired stores. EBITDA was $160,000. While the company had a loss of $1,238,000, or $.07 a share, over $920,000 of the loss can be attributed to other one-time charges for the acquisitions, debt conversion and discount on issuance of common stock. SPEM closed the quarter with 17 stores and right after the quarter ended opened its 18th store. The company has targeted 35 stores to be operational by year-end 2004. "We expect to expand our foothold in the Atlanta and Houston markets, and will be opening our first Dallas, Texas location in July," continued Mr. Parlontieri. About Speedemissons: 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 vehicle emission testing is mandated by the U.S. Environmental Protection Agency (EPA). The market is highly fragmented. Speedemissions expects to be the first company to create a national brand offering their customers fast, courteous and efficient vehicle emission testing service. The initial focus of the company is in the Atlanta, Georgia and Houston, Texas markets. The company plans to rapidly expand store sites in these and other markets. Certain information contained in this news release may include forward- looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. While these statements are made to convey the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Actual company results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. A more extensive listing of risks and factors that may affect the business prospects of the company and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. DATASOURCE: Speedemissions, Inc. CONTACT: Richard Parlontieri, President of Speedemissions, +1-770-306-7667 Web site: http://www.speedemissions.com/

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