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Speedemissions, Inc objective is to become the leading vehicle emissions (& safety inspection where applicable) testing company in those states where emissions testing is mandated by the 1970 Clean Air Act. Our only business is to conduct the vehicle emission/safety inspection tests for automobiles, vans, sport-utility-vehicles or pick-up trucks. We currently own and operate 40 vehicle emission/safety inspection testing stations, 13 in Atlanta, GA and 15 in Houston, TX and 8 in Salt Lake City and 4 in St. Louis. The Company was founded for the sole purpose of developing its own vehicle emission testing stations and to make strategic acquisitions of selected competitors in markets identified for future growth. Initially, growth will be through these strategic acquisitions and the organic development of stores as we implement a proven store model for site selection and profitability. We are a publicly held company head-quartered in Tyrone, GA. and are an OTC BB company with “SPMI“ as our symbol. The key business elements of Speedemissions:
The Market The Environmental Protection Agency (EPA) has a mandate that selected major urban areas of thirty-two states and the District of Columbia meet certain clean air standards by conducting vehicle emission tests representing 50% of the U.S. population. In 2003, approximately 87 million emission tests were conducted. In 2006, annual revenues were over $2 billion dollars. The industry is highly fragmented. There is no company operating vehicle emission testing/safety inspections only on a national basis. |