Speedemissions Inc. (SPMI)

[10 bagger]

SPMI.. $0.1388

And here I thought I had this stock all to myself.. have been buying for the past 6 Mo's and few have ever come in on the bid.. In fact being high bid has only added 2800 shares to my position.. Have had discussions with company and they are on track to have a super year With earnings of $0.03 possible.. Cash flow is sufficent to maintain the new vehicle emissions testing and safety inspections centers planned with/out having to go for additional funding..

This is the year that SPMI will look back upon as the year that it became a real company and has made a swing in earnings of over $0.08.. Not a small feat for a company that has been able to digest it's previous expansions and growth and decrease its expenses by over 20%.. 2010 will be a breakout year with earnings expected IMO to be running at the rate of $0.10 per share by the 4'th Qtr.. Welcome aboard.. hank

Year-to-Date Results:

• Revenue increased 2.4% to $7,657,600 for the nine month period ended September 30, 2009 compared to revenue of $7,481,467 in the nine month period ended September 30, 2008. Same store sales increased 4.1% in the nine month period ended September 30, 2009 over the comparable period of 2008.

• General and administrative expenses decreased 27.0% to $1,041,299 during the nine month period ended September 30, 2009 compared to $1,427,368 in the nine-month period ended September 30, 2008.

• Net income for the nine-month period ended September 30, 2009 increased to $205,599 or $0.02 per diluted share from a net loss of $324,509 or ($0.06) per diluted share.

• Since December 31, 2008, the Company has increased its cash balances by 31.0% and decreased its total liabilities by 20.0%.

Richard A. Parlontieri, President and Chief Executive Officer of Speedemissions commented:

“We’re pleased that we were able to increase revenue, increase same store sales and generate net income for the third consecutive quarter. We have increased our cash balance and reduced our liabilities during the quarter and first nine months of 2009. We were able to do all of this with our existing capital resources.”