Speedemissions Closes Key Texas Acquisition: Expects 25% Increase in Revenue in 2005 ATLANTA, Jan. 10 /PRNewswire-FirstCall/ -- Speedemissions, Inc. (OTC:SPEM) (BULLETIN BOARD: SPEM) , a leading vehicle emissions testing and safety inspections company announced that it has closed the acquisition of State Inspections of Texas, Inc. of Houston, Texas effective December 30, 2004. State Inspections, which operates under the name of Sticker Stop, has six emissions testing and safety inspection stations in Houston and increases the number of stores for Speedemissions to nine in the greater Houston market. This is the fifth company acquired by Speedemissions in 2004, as the Company aggressively pursues its business model of uniquely blending strategic acquisitions in selected market areas, with organic growth in key geographic locations. The Company now operates 25 stations in the Atlanta and Houston markets. In addition, it operates seven Atlanta-based mobile vehicle emission testing units which cover auto dealer and commercial fleet customers. Rich Parlontieri, President/CEO of Speedemissions, stated, "This acquisition is significant for several reasons. First, it should add over $1.0 million in revenue to the Company in 2005 and thus accelerate our drive towards profitability. Next, it puts us on the map among the state inspection leaders in Houston with nine stations. Finally, it has the potential to open up the market for other possible acquisition targets which would lead to expanding our market presence, as well as increasing market share." 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. DATASOURCE: Speedemissions, Inc. CONTACT: Jason Assad, Investor Relations of Speedemissions, Inc., +1-770-306-7667 Web site: http://www.speedemissions.com/

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