Speedemissions First New Concept Store
March 15 2005 - 8:30AM
PR Newswire (US)
Speedemissions First New Concept Store Store in Alpharetta,
Georgia, Highlights New Strategic Alliance ATLANTA, March 15
/PRNewswire-FirstCall/ -- Speedemissions, Inc. (OTC:SPEM) (BULLETIN
BOARD: SPEM) , a leading vehicle emissions testing and safety
inspections company, announced that it has opened its first
strategic alliance store with Auto Advantage of Atlanta, Georgia.
Auto Advantage is among greater Atlanta's premier car wash service
facilities. Unlike the typical automated/hand dry car wash, Auto
Advantage offers its customers a full array of automotive services,
plus a Coffee Bar & Internet Cafe. Their high volume and
expanse of value added products and services allows Speedemissions
to tap into their existing high customer traffic, with a
substantially lower investment than a free standing store.
President/CEO of Speedemissions, Rich Parlontieri stated, "This
alliance is our first step in seeking opportunities to grow our
business outside the norm of developing stand alone stores. This
relationship with Auto Advantage allows us to penetrate a market
that we have tried to enter for two years. Strong traffic flow and
significantly lower construction costs versus a normal free
standing store are likely to show a good return on investment for
this location. Lastly, the market has a high percentage of newer
vehicles, meaning there should be fewer failed tests and thus, a
reduction in re-tests. This results in being able to give faster
service to new customers." Additional information about
Speedemissions can be found at: http://www.stocksontheweb.com/
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, Investors Relations,
770-306-7667 or DATASOURCE: Speedemissions, Inc. CONTACT: Jason
Assad, Investors Relations of Speedemissions, Inc.,
+1-770-306-7667, or Web site: http://www.speedemissions.com/
http://www.stocksontheweb.com/
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