Wednesday, March 26, 2014

Speedemissions Inc. (SPMI) Executing Business Growth Strategy at 43 U.S. Store Locations

Speedemissions aims to become the leading vehicle emissions testing company in those states where emissions testing is mandated by the 1970 Clean Air Act. Its business is to conduct the vehicle emission/safety inspection tests for automobiles, vans, sport-utility-vehicles or pick-up trucks. SPMI, headquartered in Tyrone, Georgia, currently owns and operates vehicle emission/safety inspection testing stations in Georgia, Texas, Missouri, and Utah. They also do vehicle repair through its SpeedEmissions Car Care stores in these same states.

The Company was founded with the sole purpose of developing its own vehicle emission testing stations and to make strategic acquisitions of selected competitors in markets it has identified as possessing future growth potential. The company initially sees growth through these strategic acquisitions and the organic development of stores as it puts in place a proven store model for site selection and profitability.

The company operates 43 stores, which are located in the Atlanta, Houston, St. Louis, and Salt Lake City markets, and is also a developer of proprietary mobile apps for the automotive industry, including the pioneering automobile safety and recall app, CARbonga-SRI. In addition to its vehicle emission/safety inspection testing stations, Speedemissions performs vehicle repairs through its SpeedEmissions Car Care stores in Georgia, Texas, Missouri, and Utah.

Key business elements for the company include a sophisticated demographic site analysis for new station expansion, cluster stations within a specific geographic area for enhancing market share and reducing operating expense, a sales strategy that develops business while not relying solely on the drive-in customer, and maintaining integrity of vehicle testing while also providing repair service for consumers that do not pass emissions or safety tests.

Recruited to build the company, Rich Parlontieri, President/CEO, has over thirty years of business experience. Prior to Speedemissions, he served as Chairman/CEO of ebank.com, Inc. a publicly held bank holding company founded by Mr. Parlontieri in 1997. He was also co-founder and Director of Fayette Community Bancshares, a publicly held bank holding company traded on NASDAQ OTC, which was sold in late 1998, to Regions Financial, a bank holding company in Birmingham, AL.

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

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