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
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment