Speedemissions Acquires Vehicle Emission Testing Station and Secures Leases to Continue Its Growth Plan
29 7월 2004 - 1:21AM
PR Newswire (US)
Speedemissions Acquires Vehicle Emission Testing Station and
Secures Leases to Continue Its Growth Plan ATLANTA, July 28
/PRNewswire-FirstCall/ -- Speedemissions, Inc. (OTC:SPEM) (BULLETIN
BOARD: SPEM) , a vehicle emissions testing and safety inspections
company announced that it is expanding its store base. The Company
has acquired another vehicle emission testing store based in
Atlanta. This brings the number of stores operated by the company,
in the Atlanta market, to a total of 16. In addition, plans for the
17th and 18th stores in the Atlanta area have been finalized with
one store opening in mid-August and the other in late September.
Speedemissions is also expanding is geographical reach into the
Dallas, Texas area by opening two new stores in mid-August. With
this acquisition and organic store openings, the Company should be
operating 23 stations by October of this year. Rich Parlontieri,
CEO of Speedemissions, said, "We are continuing to look at many
store expansion opportunities and plan to take advantage of the
stores that fit into our business model, quickly adding volume and
cash flow to our bottom line." About Speedemissions:
Speedemissions, Inc., based in Atlanta, Georgia, plans to become
the leading vehicle emissions (and safety inspection where
required) company in the United States in areas where auto testing
is mandated by the Environmental Protection Agency (EPA). The
market is highly fragmented. Speedemissions expects to be the first
company to create a national brand offering their customers quick
and efficient vehicle emissions testing service. The initial focus
of the company is in the Atlanta, Georgia and Houston and Dallas,
Texas markets. They expect to continue rapidly expand store sites.
Certain statements contained in this news release regarding matters
that are not historical facts may be forward-looking statements.
Because such forward-looking statements include risks and
uncertainties, actual results may differ materially from those
expresses in or implied by such forward-looking statements. Factors
that could cause actual results to differ materially include, but
are not limited to, uncertainties pertaining to continued market
acceptance for Speedemissions' products and services, its ability
to succeed in growing revenue, the effect of new competitors in its
market, integration of acquired businesses, and other risk factors
identified from time to time in its filings with the Securities and
Exchange Commission. DATASOURCE: Speedemissions, Inc. CONTACT:
Richard Parlontieri, CEO-President of Speedemissions,
+1-770-306-7667 Web site: http://www.speedemissions.com/
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