*Updated dd link for newbies: Look for this very very soon: Bullish Candlestick Breaks Overhead Resistance and then a blues sky breakout you will ever see.....This is a 100% legitimate company with 35 stores in 4 states expand and branding the Speedy Emission Car Care Center name....$10M in revs in 2012 and with new business model the projections are more than 5 x10 times higher the first 6-12 months alone.
SPMI is a 100% solid company brick and mortar franchise franchise in of 35 stores in 4 states.....PLUS this is not a pink pos...its a FULLY REPORTING OTC QB high tier stock.....The company is on the upswing and almost profitable earning $2M revs per qtr.. The book value of the stock is the following:
2M revs per quarter x 4 = $8M a year ...and with new model..**will be growing rapidly**
$8,000,000 --------- = .425 A share...and these numbers are conservative with a 1:1 PE Ratio 34m os
SPMI - Speedy Emissions INC.
SPMI Security Details OTCQB Fully Audited Financials Share Structure Market Value1 $473,441 a/o Jun 20, 2013 * Doing $2M revs per quarter in filings Shares Outstanding 34,688,166 a/o May 09, 2013 Float Not Available Authorized Shares Not Available Par Value 0.001
1- 34 Mil OS AS 250M Float about 20M my guess 2- 35 Franchise stores in 4 States 3- very fresh play no one to dump on us 4- Real Brick and Mortar franchise so the story and dd is there 5- ridiculous market cap of $473k atm with revs of $2+M per qtr....almost at point of profitability 6- speedemissions.com 7- called ceo- spoke to about prospective franchisee...great things happening(*see May 7 Pr) 8- OTC QB..fully audited..not a pink pos 9- No Toxic Convertibles NOTES ...just signed deal with First United Equity for financing and branding of Speedy Emissions...this company works a lot with retail chains and franchises. www.firstunitedequity.org/partners.html They work w/alot of franchises and retail chain stores... Partnering with First United Equity to get this concept off the drawing board and on the ground has taken us a good while. They have a successful track record in joint ventures such as this with large retail chains. Now that we've agreed to move forward with this LOI, we are very enthused about this new venture and the opportunity we have to carve out a special niche in the test only market. Coupled with our recent commitment to the SpeedEmissions Car Care Stores, we're encouraged that the company will remain a leader in the vehicle emission testing marketplace."
10- currently doing about $2M in revs per quarter...almost profitable
11- New Filings out today...good ones: www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9304274
12- Last Pr in May: ATLANTA, May 7, 2013 /PRNewswire/ -- Speedemissions, Inc. (OTC Bulletin Board: SPMI), a leading vehicle emissions testing and safety inspections company with stores in Atlanta, Houston, St. Louis and Salt Lake City today announced a major change in the direction of its business model to the SpeedEmissions Car Care Stores. This new concept will allow the Company, using its emission customer base as the foundation, to provide not just emission repair services but an array of basic automotive services and products to its customers, and to more rapidly expand its store presence throughout the 22 states where de-centralized vehicle emission testing is mandated by the U.S. Environmental Protection Agency.
Over the past 12 years, Speedemissions has helped pioneer the "test only" model for emission testing and/or safety inspections. During this time, Speedemissions primary focus was to perform the vehicle inspection and not up-sell customers' on other automotive products and services. However, after reviewing emission industry and automotive aftermarket forecasts over the last several months, the Company now believes that remaking itself into more of a complete auto service provider will enable it to grow its business and potentially move into new markets and accelerate franchise sales.
"We have been studying this modification of our business model for some time," commented Rich Parlontieri, President/CEO of Speedemissions. "In an industry where the American consumer is now holding a car for 11+ years and where nearly 86% of light automotive vehicles are outside the manufacturers' warranty, we believe offering a number of different automotive services to our customers is a logical move for us to make now and for the long term. We believe this transition to emission repair, tune-up, brake repair, air-conditioning, diagnostics and other automotive services and products will hopefully result in a higher per customer ticket average, thereby increasing both revenue and income. In addition, we expect the decision to remodel four to six of our current stores and build new stores will enhance the growth of the SpeedEmissions Car Care Franchise unit."
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. In addition, Speedemissions 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.
*Now, spoke to the CEO about this...as an interested future prospective franchise owner. the direction they are going will only increase their profitability...All being proven in the new franchises...The CEO really seems trust worthy and had all the facts at his fingertips...never once tried to sell me stock....but did say our shares are very undervalued atm...and as we start updating the public and shareholders on the new model and revenues...alot of heads will turn he said...
13-Speedemissions, Inc. Announces Letter of Intent With First United Equity -- Joint Venture Means Vehicle Emission Testing Stor... Today : Monday 17 June 2013
Speedemissions, Inc. (OTCBB: SPMI), a leading vehicle emissions testing and safety inspections company with stores in Atlanta, Houston, St. Louis and Salt Lake City, today announced another major expansion in its business model. With the backdrop of over ten years experience in operating emission testing locations in the parking lots of major retail chains, Speedemissions is moving into a new market with the opening of up to 24 emission testing stores over the next two years. Plans call for the roll-out to consist of three phases beginning with the first 8-10 stores opening in early 2014 and continuing through 2015. 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 addition, the new emission testing stores will be selling a select amount of related automotive merchandise. Rich Parlontieri, President/CEO of Speedemissions, stated, "Partnering with First United Equity to get this concept off the drawing board and on the ground has taken us a good while. They have a successful track record in joint ventures such as this with large retail chains. Now that we've agreed to move forward with this LOI, we are very enthused about this new venture and the opportunity we have to carve out a special niche in the test only market. Coupled with our recent commitment to the SpeedEmissions Car Care Stores, we're encouraged that the company will remain a leader in the vehicle emission testing marketplace."
"We are extremely excited about this Joint Venture and the future expansion opportunities. We believe this will be a great opportunity and are happy to be working with such a seasoned operator who brings a drive to be the best of breed in its operations," added Jason Earl, President of First United Equity Corp.
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