Speedemissions, Inc. (SPMI) Covering Car Consumer Safety Concerns with Cutting-edge Mobile App

Commenting on his recent appearance on the Atlanta Business Radio show “Silver Lining in the Cloud”, Speedemissions’ CEO, Rich Parlontieri recently said, “It was an honor… to be given the opportunity to not only present the Speedemissions business model, but also to provide consumers and investors with a clear understanding of the significant benefits of downloading our CARbongo-SRI mobile app. To put all of the recall and safety information regarding the automobile you drive your family around in, or the vehicle that you are looking to purchase, literally, in the palm of your hand, is vital information everyone should have access to.”

Parlontieri’s mention of Speedemissions’ proprietary CARbongo-SRI mobile app and its ability to let the average person know of automotive problems related to their own vehicle, or of such problems related to a used vehicle one is considering purchasing, places emphasis on a notable trend in the United States: vehicle safety issues and vehicle recalls. According to an article published in the New York Times on February 3, 2014, the National Highway Traffic Safety Administration reported that almost 22 million vehicles were recalled in 632 recalls in 2013. That figure represents the greatest amount of recalls since 2004, when the number of recalled vehicles reached 30.8 million. The safety agency’s figures for 2013 were also an increase from those of 2012. In 2012, about 16.4 million vehicles were recalled in 581 recall actions.

In response to this need, Speedemissions offers a cutting-edge app for up-to-the-minute recall information for automobiles that are 1996 and newer. The company bills the mobile app as the “world’s first mobile ‘lemon detector’”, making up-to-date recall information immediately accessible to consumers for just a one-time, $4.99 purchase. In addition to this critical information, the app offers consumers the ability to receive automatic Test Service Bulletin alerts on their mobile devices. It is capable of storing an unlimited amount of vehicles for information and safety concern updates.

Aside from its cutting-edge mobile app, Speedemissions also serves as one of the largest test-only emissions testing and safety inspection companies in the United States. As of year-end in 2013, the company was operating 43 vehicle emissions testing and safety inspection stations under three trade names. Vehicle emissions testing and safety inspection is reported to be a $2.5 billion market, and 87 million vehicles are estimated to be tested annually for emissions quality. With 32 states, including the District of Columbia, requiring emissions testing, Speedemissions has some room in which it could expand its service base for stronger market gains.

For more information about the company visit www.speedemissions.com

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