Speedemissions Engages Prospect Financial Advisors
March 30 2005 - 9:30AM
PR Newswire (US)
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
Copyright