Speedemissions Inc. (SPMI)

[odi33]

2007 Cash flow "sufficient profits to cover operating expenses"...

From 10-QSB ending June 30, 2007

Prior to January 1, 2006, we had not generated sufficient cash flow from operations to fund growth as we continued to acquire and open new emission testing stations. However, cash flows from operations for the last eighteen months have generated sufficient profits to cover operating expenses , and we have used some of these profits to generate organic growth and reduce our liabilities. Overall net cash flow from operations may be adversely affected in 2007 as we continue to invest in new emissions testing stations in the new markets of Dallas and St. Louis and increase the number of stores in our existing markets; however, we do seek to effectively manage expenses associated with our existing operations and working capital to mitigate the adverse impact our growth initiatives are expected to have on our operational cash flow.