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Speedemissions, Inc. Issues Shareholder Update

ATLANTA, GA--(Marketwired - Dec 18, 2013) - Speedemissions, Inc. (OTCQB: SPMI), a leading car care company providing vehicle emissions testing, safety inspections and light automotive repair operating 43 stores in the Atlanta, Houston, St. Louis and Salt Lake City markets and developer of CARbonga, the revolutionary automobile diagnostic mobile app, today announce a shareholder update from Chief Executive Officer, Mr. Rich Parlontieri.

To Our Valued Shareholders:

As we mark our 13th year in business, I'd like to provide you with a summary of 2013 and an overview of what we see for Speedemissions, Inc. in 2014.

What began as an idea with one emission testing store in one city has now reached 43 company-owned stores in four major cities; Atlanta, Houston, St. Louis and Salt Lake City. Our Company has grown to be a $7.3M vehicle emission/safety inspection business and more, having performed over 233,000 vehicle emissions tests this year alone for satisfied customers. Store growth has been and will continue to be achieved on two platforms, organic store development and acquisitions. We've worked to increase store revenue in our core business by carrying and selling those little items that can cause a safety and emissions test to fail. We carry a full line of light bulbs, windshield wipers and headlight restoration services, among other merchandise, in the Houston, St. Louis and Salt Lake City stores.

To add value and to diversify our business, the Company has expanded into the automotive technology market with the development of two Mobile apps: CARbonga (equips drivers with an auto diagnostic tool to troubleshoot their own car) and CARbonga-SRI (Safety/Recall & Technical Service Bulletin information or TSB).

CARbonga-SRI is designed to capture part of the annual 45 million used car buyer market. In a matter of seconds, our CARbonga-SRI app lets the buyer know whether the make and model they're thinking about buying is under a NHTSA (National Highway Transportation Safety Administration) mandated safety recall. Yearly, over 2.2 million of those recalled cars are never repaired and are being sold to unsuspecting buyers. Another critically valuable attribute of CARbonga-SRI is that it gives the potential buyer access to every TSB issued by the manufacturer such as safety problems and issues with a vehicle's engine, electrical equipment, and fuel systems, to name a few. This vital information file could help them if they have purchased a "lemon." 

While we've made progress with our first generation of smart phone/tablet apps, there is still much to do as we continue to differentiate ourselves and our product offerings from our competitors. We're cautiously optimistic that the plans and integration initiatives which we're working on to better monetize our technology will yield meaningful results next year.

Next, we piloted the idea of expanding our business plan and adding a new revenue channel by not only testing emissions, but also providing on-site emission repair, as well other light automotive repair. Our first "emissions repair" store in Atlanta has performed above our projections. Thus, we have since opened a second Atlanta location along with one in Houston this past October. At this time, we're working on getting the model implemented in St. Louis and Salt Lake.

Based on this success, we've elected to expand this segment of our business in 2014 and use it as the foundation for the development of the SpeedEmissions Car Care Store franchise model. Not only will this be the focus of franchise sales in 2014, but more importantly, this new store concept, which we will announce in greater detail sometime in January, will move us into the $307 billion automotive aftermarket. Coupled with the Speedemissions existing markets, it will allow us to grow the company into more of the 22 states who have emission testing laws similar to those in our current trade areas.

In addition, as another means to grow the company and increase our footprint, this past summer we announced our plans to expand into a new market. Over the next 12-18 months, we expect to open 24 - 28 new vehicle emission testing stores in the parking lots of a major retailer across the country. This initiative of opening emission stores in high traffic areas will be similar to the opening of our first store in Peachtree City, GA. in the parking lot of a Kroger Supermarket. These stores will provide an easy, convenient way for shoppers to get their vehicle emission test done while patronizing all the retailers in the center. In line with our expanding revenue model, these new emission testing stores will also be selling a select amount of related automotive merchandise.

Operationally 2013 has presented us with some challenges. Due to store leases not being renewed, we lost our number two revenue and net income store in Atlanta. In addition, a similarly prosperous store in Salt Lake area was also lost due to non-renewal of a lease. Coupled with these store losses was a legislative revision to the safety inspection laws in Utah, which reduced our safety inspection business by 25%. These were big hits without question, and we have anticipated that these combined events will cause a reduction in revenue and net income for fiscal 2013.

However, we've haven't been in business for 13 years without having weathered a storm or two. So to mitigate the impact to both our revenue and bottom line drop, we made another acquisition in late October within the Atlanta market. As a result, we believe this acquisition should replace the lost revenue, as well as improve our net income, brought about from the closing of the aforementioned stores and the safety inspection law change.

Another step in our plan to return to profitability was the closing of four under-performing stores in the Houston market. We believe that these measures, along with continued reduction in both store operating expenses and our general and administrative expenses, have provided financial improvements throughout the first three quarters of this year.

Now, let's talk about shareholder value, which is very important and a primary goal. Building shareholder value entails building a strong, sustainable and profitable company and effective communications with theinvestment community. The combination of these two items should in turn reward both new and long-term shareholders for their patience and understanding.

To assist us with this we recently retained ISD, Inc. to handle our investor and public relations. ISD has over 25 years' experience and specializes in working with small/micro cap companies. In the short time we have been working together they have helped us tell the Speedemissions story to a myriad of outlets, and we expect to continue these efforts throughout 2014. 

Another step we've taken in getting us where we need to go is the hiring of an investment banking and financial advisory firm. Their task is simple and clear: assist Speedemissions with determining the best possible options for reaching our goals.

In closing, I want to give thanks to all of our 110 employees for their hard work, dedication and loyalty to the Company. To our shareholders, thank you for your continued support. To our consultants, thank you for your contributions and working with us. As a testament to our commitment to quality service and customer satisfaction, I would also like to express sincere thanks and appreciation to our over 233,000 customers who entrusted Speedemissions with their emissions testing needs in 2013.


Rich Parlontieri 
Chief Executive Officer
Speedemissions, Inc.

Store Brick & Mortar Franchises currently expanding into 32 Franchise approved states...EXPANSION DETAILS as per PR's and Interview:
1- 24 New Speedy Emission Testing & Repair Centers starting back half of 2013 into 2014

2- 12-24+ NEW UPSCALE FULL FEATURED NEW BUSINESS MODEL FRANCHISES (* See pr on 9/11/13 and floor plans below)
3-Conversion of existing stores into emission repair centers as well or a full conversion to complete car care centers.

Estimated 36-48 new locations will begin to be added back half of 2013 for a total in 2014 of 70+ locations....*REMEMBER THEY DID $8M last year and about $4M already this year on just
a $20 emission test....They are adding all these larger ticketed repairs starting late q3 of this year....The revenue stream is going to increase dramatically in SPMI starting late q3/q43....This is what is driving the stock. 

Speedemissions, Inc. Adds Project Management Firm Enclave Enterprises, LLC to Manage New Store Expansion


Speedemissions, Inc. (OTCQB: SPMI), a leading vehicle emissions testing and safety inspections company operating 38 stores in the Atlanta, Houston, St. Louis and Salt Lake City markets and developer of CARbonga, the revolutionary automobile diagnostic iPhone app, today announced that it has retained Enclave Enterprises, LLC, a leading provider of construction services to the automotive industry and other select enterprises. With offices and affiliates in San Francisco, Long Beach, Austin and Miami, Enclave Enterprises will operate as Project Manager for the development of the new Speedemissions Car Stores.


Rich Parlontieri, President and CEO of Speedemissions stated, "We're very pleased to be working with Enclave and their team of professionals which have been involved in over 300 automotive building projects with a combined construction budget of over $600 million. They bring solid expertise in automotive building services and project management. It starts with building design, branding, construction management, site selection and the delivery of the final product. By retaining a firm rich in creativity and outstanding retail store design such as Enclave, we hope to create an automobile repair store environment with an identity that will give our customers' a very unique and special experience."

"We are excited about the opportunity to work with Speedemissions on a project such as this. Getting to start with a true 'white board' concept that has not been previously structured by some other brand master will allow us to be creative and fuse together the myriad of ideas and designs that have been part of our vast experience in building more than 23 different types of other auto brands' showroom, service and retail facilities. We hope to deliver a unique car store experience for Speedemission customers not just outside, but inside as well," added David Litty, President and CEO of Enclave Enterprises, LLC.

To view preliminary store renderings and floor plans for the new Speedemissions automotive centers, visit the Speedemissions' Facebook page at:


Enclave Enterprises, LLC is a Project Management and Cost Recovery company that specializes in providing building design, construction and cost recovery services for the automotive retail and service industry. Enclave provides its' clients the most cost effective and 'turn-key' project solutions in the automotive Industry operating as their outsourced corporate real estate department so our clients can continue their coreautomotive businesses while Enclave solves all their renovation, expansion and construction needs. For more information, visit:


Speedemissions, Inc., based in Atlanta, Georgia, is a national brand offering our customers quick and efficient emission testing and/or safety inspection as required by law. The Company is in the Atlanta, GA. Houston, TX, Salt Lake City, UT and St. Louis, MO. markets. The Company has expanded its business model through its newly introduced SpeedEmissions Car Care Stores and SpeedEmissions Car Care franchise unit. Speedemissions hopes to be among the first companies to offer its customers quick and efficient vehicle emissions testing and repair services. For more information, visit:


Speedemissions, Inc. owns and developed the CARbonga line of apps for smart phone users. CARbonga is the first app which allows the average person to detect automotive car problems for their own vehicle or when buying a used vehicle. The CarBonga-SRI app provides a quick and easy way for consumers to stay on top of the safety of their vehicle by providing the most current safety-related recalls and service bulletins for their vehicles. For more information, visit and for CARBonga news updates follow @CarbongaApp on Twitter.




RECENT NEWS: Tuesday, September 10, 2013

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#10336  Sticky Note last Nov. Finz <> Speedemissions, Inc. Reports Third D€N 12/01/16 08:19:03 AM
#10357   For all us watching closely we know it huggies 12/02/16 11:48:43 PM
#10356   Looking good here huggies 12/02/16 11:47:02 PM
#10354   "The third quarter again showed steady improvement in D€N 12/02/16 06:04:25 AM
#10353   "The progress in our core business should now D€N 12/02/16 06:04:14 AM
#10352   Revenue increased $54,378 to $900,640 in the third D€N 12/02/16 06:03:28 AM
#10351   Store operating expenses continued to decrease and were D€N 12/02/16 06:03:19 AM
#10350   General and administrative expenses again decreased $887 compared D€N 12/02/16 06:03:09 AM
#10349   A reduction in the Company's net loss of D€N 12/02/16 06:02:47 AM
#10348   Revenue increase 6.2% or $154,244 to $2,627,990 for D€N 12/02/16 06:02:34 AM
#10347   Company reported positive EBITDA for the nine months D€N 12/02/16 06:02:23 AM
#10346   The Company had net loss of ($85,364) in D€N 12/02/16 06:02:05 AM
#10345   Store operating expenses decreased approximately $85,341 or 5.2% D€N 12/02/16 06:01:37 AM
#10344   General and administrative expenses decreased approximately $137,715, or D€N 12/02/16 06:01:22 AM
#10343   SPMI 0034 +70% D€N 12/01/16 02:11:59 PM
#10342   yah ceo ...agreed dude :) D€N 12/01/16 10:55:35 AM
#10341   Company becoming more profitable after selling non performing ceobillionaireboys 12/01/16 10:44:04 AM
#10340   yup JJ ...holding for quiet sometimes also ... !!! D€N 12/01/16 10:15:56 AM
#10339   been holding at a loss for several years. jjwood 12/01/16 10:02:33 AM
#10338   unsure... but 0.0027 is up D€N 12/01/16 09:57:49 AM
#10337   Is this gonna run? nice volume so far jjwood 12/01/16 09:51:21 AM
#10336   last Nov. Finz <> Speedemissions, Inc. Reports Third D€N 12/01/16 08:19:03 AM
#10335   yup huggies D€N 11/23/16 04:32:11 AM
#10334   Waiting. Patience. huggies 11/21/16 11:21:18 PM
#10333   where the HELL do u see any dilution.... D€N 11/12/16 10:29:16 AM
#10332   SPMI is nothing more than a ATM for ANYDAZE 11/10/16 06:21:12 PM
#10331   Only a matter of time huggies 10/18/16 08:57:46 PM
#10330   $SPMI - thin as paper 250M A/S - ! D€N 10/18/16 02:14:17 PM
#10329   SPMI financials on the right track. More eyes huggies 09/29/16 01:44:09 PM
#10328   really could be huggies D€N 09/19/16 03:49:24 PM
#10327   Once SPMI becomes profitable, i wish to see huggies 09/16/16 11:26:04 AM
#10326   $SPMI DD Randy76 09/10/16 06:57:28 PM
#10325   Hello, I see superb potential here! Very excited to Randy76 09/08/16 06:54:42 PM
#10324   exact Huggies ...that is my guess also D€N 09/08/16 11:08:01 AM
#10323   Yea strong buy alert. Good luck grabbing shares. huggies 09/08/16 11:00:41 AM
#10322   ask is SO thin - its ridiculous .. D€N 09/08/16 05:31:39 AM
#10321   To whom it may concern, Randy76 09/07/16 08:59:33 PM
#10320   Multi pennies will be back again one of ceobillionaireboys 09/07/16 07:13:33 PM
#10319   Looking good. Holding for long. Price is a huggies 09/07/16 05:24:33 PM
#10318   Thanks for the update. !! huggies 08/31/16 10:46:07 AM
#10317   perfect :) D€N 08/29/16 04:02:51 PM
#10316   I emailed with the CEO and he said ceobillionaireboys 08/29/16 04:01:46 PM
#10315   okay ceo' ... was curious my man D€N 08/29/16 04:00:14 PM
#10314   Haven't spoken ceobillionaireboys 08/29/16 11:27:17 AM
#10313   did u call the company lately ceo' ??? D€N 08/29/16 09:35:37 AM
#10312   i like the finz ...looking WAY better now D€N 08/24/16 02:04:09 PM
#10311   I'm doing the same JUST WAITING belle1 08/24/16 11:32:19 AM
#10310   hi huggies / still in $SPMI and waiting D€N 08/24/16 05:09:57 AM
#10309   Good morning everyone. Nice to see new people here huggies 08/24/16 03:31:57 AM
#10307   When I was a CEO I was told FIERCE 08/16/16 10:15:16 PM
#10306   no, but I read the part about going jjwood 08/16/16 10:05:59 PM