Speedemissions, Inc. (SPMI) operates 43 vehicle emissions testing and
safety inspection stations under the trade names of Speedemissions and Auto
Emissions Express; Mr. Sticker; and Just Emissions. As one of the largest
test-only emissions testing and safety inspection companies in the United
States, Speedemissions is well positioned in a $2.5 billion market where 87
million vehicles tested annually on emissions quality.
In 2001, the company was founded for the sole purpose of developing its
own vehicle emission testing stations and to make strategic acquisitions of
competitors in markets poised for growth. Today, in addition to opening new
stores and acquiring other retail operations, Speedemissions is accelerating
its business and margin growth by adding automotive repair and maintenance
services to existing locations.
In June 2010, the Company announced the launch of its first proprietary
technology application called “CARbonga” that diagnoses an automobile’s
computer system using the on-board diagnostic port on vehicles that were
produced since 1996. CARbonga is the world’s first app initially for the
iPhone®, iPad® and iPod touch®, designed to provide motorist with easy access
to the same technology for their vehicles Safety Systems and On-Board-Diagnostic
Systems (OBD) codes, previously available only to car repair mechanics &
dealerships. The real-time diagnostic information obtainable addresses key
safety systems as anti-lock brakes, air-bags, tire pressure monitor, vehicle
emissions, among others, and can check over 2,000 vehicle fault codes. The
“CARbonga-SRI” app gives car owners easy access to any vehicle’s history when
it comes to Safety Recall Notices and TSB’s (Technical Service Bulletins)
issued by the automobile manufacturer.
The company’s main strategies for expansion will be to continue to follow
its core growth blueprint of opening new stores and acquiring existing retail
operations, while converting a database of over 300,000 customers into
long-term brand-loyal advocates and full-service automotive customers. With a
fast-growth business model and large footprint already in place, Speedemissions
is poised to achieve tremendous success.
For more information, visit www.speedemissionsinc.com
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