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Speedemissions Inc. (SPMI) RSS Feed

Followers
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Created
08/08/06
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SPEEDEMISSIONS, INC.  (STOCK SYMBOL: SPMI)

Phone: (770)-306-7667   |   Investor Relations: ir@speedemissions.com   |   Website: www.speedemissions.com








AUTHORIZED: 250,000,000 at Sep 30, 2016
ISSUED: 111,998,914 at Sep 30, 2016
OUTSTANDING: 109,914,225 at Sep 30, 2016


 

About Speedemissions, Inc.


Speedemissions, Inc. is one of the largest test-only emissions testing and safety inspection companies in the United States. SPMI performs vehicle emissions testing and safety inspections in certain cities in which vehicle emissions testing is mandated by the United States Environmental Protection Agency (“EPA”). As of September 30, 2016, SPMI operates 22 vehicle emissions testing and safety inspection stations under the trade names of Speedemissions and Auto Emissions Express (in Atlanta, Georgia and St. Louis, Missouri) and Just Emissions in Salt Lake City, Utah). SPMI also operates three mobile testing units in the Atlanta, Georgia area which service automotive dealerships and local government agencies. SPMI manage its operations based on these three regions, and have one reportable segment. Speedemissions, Inc. is also the developer of CARbonga-SRI, the revolutionary automobile diagnostic iphone app, and BuyCarSafety.com's ADVISR (Automotive Vehicle Information Safety Report).
 

Automotive Aftermarket and Emissions Testing Industry 

 
Currently, there are approximately 250 million light duty vehicles on the road and over 85% of these vehicles are outside the manufacturer's warranty. According to the recent study released by BB&T Capital Markets, the nation's leading automotive aftermarket investment banking and research firm, the automobile aftermarket is an estimated $307 billion industry, comprised of the $231 billion light vehicle aftermarket and the $76 billion medium and heavy duty aftermarket. The research also showed that, historically, vehicles in operation have exhibited consistent growth despite wide fluctuation in new vehicle sales and economic conditions. In addition, the research found a clear trend toward an aging vehicle fleet that has accelerated as a result of consumers maintaining their vehicles. As of 2016, the average age of cars and light trucks reached 11.5 years, which compares favorably to the aftermarket "sweet spot" for repair of 8+ years. A significant and growing sector of the vehicle aftermarket is the emissions testing industry. Americans currently spend over $2.5 billion in emissions testing in the 32 states (and District of Columbia) that are required by the U.S. Environmental Protection Agency to have vehicle emissions testing. In 24 of these states, testing can be conducted by independently-owned businesses such as Speedemissions, Inc
 



Last Updated: December 10, 2016



 
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