Speedemissions' Investment Partner Converts Their Debt Into Equity Demonstrating Their Commitment to the Company's Growth Plans ATLANTA, Feb. 24 /PRNewswire-FirstCall/ -- Speedemissions, Inc. (BULLETIN BOARD: SPEM) , an Atlanta, Georgia based company providing vehicle emissions testing and safety inspections announced today during the fourth quarter their investment partner and the fund manager of Speedemissions' largest shareholder and debt holder, Global Capital Advises (GCA), has elected to have its fund, GCA Strategic Investment Fund Ltd., convert their debt into equity. This conversion eliminates the majority of debt on the Speedemissons' balance sheet. Brad Thompson, Chief Investment Officer and Chief Financial Analyst at GCA, indicated"the reason for the conversion of our $1.5 million debt into equity is that we are very excited about Speedemissions' business and growth prospects. We believe in the company's future and are committed to their success." Rich Parlontieri, President of Speedemissions, said, "GCA has been a close investment partner since the company's launch and it is most gratifying to know that they believe in our future expansion plans in opening more emission testing stores which will provide the company with strong cash flows." 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 estimated to be over $2.2 billion and is highly fragmented. Speedemissions intends to be the first company to create a national brand offering their customers quick and efficient service. The initial focus of the company is in the Atlanta, Georgia and Houston, Texas markets where currently they have 17 stores in operations and plan 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 business and other risk factors identified from time to time in its filings with the Securities and Exchange Commission. DATASOURCE: Speedemissions, Inc. CONTACT: Richard Parlontieri, President of Speedemissions, +1-770-306-7667

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