Speedemissions Inc. (SPMI)

[SILVERSURFER4263]

NEW BUSINESS MODEL MOVING FORWARD and ANNOUNCEMENTS WILL BE MADE IN JANUARY ON THIS NEW CONCEPT AND EXPANSION AS PER PRIOR PRs.

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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.