ATLANTA, March 30 /PRNewswire-FirstCall/ -- Speedemissions, Inc.
(OTC Bulletin Board: SPEM), a leading vehicle emissions testing and safety
inspections company for cars, SUVs, pick-up trucks and mini-vans, announced
that it has engaged Prospect Financial Advisors, LLC as its Investment Banker.
Prospect Financial Advisors, with headquarters in Los Angeles, California,
provides independent financial advice and access to institutional and retail
capital. They assist emerging growth companies like Speedemissions with access
to PIPES, Mezzanine Capital, Private Equity and other funds.
"We are impressed with management and are excited about Speedemissions
business model. It's simple and has excellent store-level economics," said
Bill Hannan, Principal of Prospect Financial Advisors. "We're pleased that
Speedemissions has elected to call upon us as its partner to assist them with
strategic opportunities as it continues on its path of growth with key
Rich Parlontieri, President/CEO of Speedemissions, stated, "We are
delighted to be working with Prospect Financial Advisors. They have strong
expertise in Private and Public Markets, as well as being able to provide us
with objective and professional input as we pursue our strategy of making
acquisitions in selected markets as well as developing new stores."
An equity research report on Speedemissions is available
at: http://www.stocksontheweb.com/spem.pdf .
About Speedemissions Inc. http://www.speedemissions.com
Speedemissions, Inc., based in Atlanta, Georgia, plans to become the
leading vehicle emissions (and safety inspection where required) company in
the United States in areas where auto testing is mandated by the Environmental
Protection Agency (EPA). Since the emissions testing market is highly
fragmented, Speedemissions expects to be the first company to create a
national brand offering their customers quick and efficient vehicle emissions
testing service. The initial focus of the company is in the Atlanta, Georgia
and Houston, Texas markets. The Company expects to continue to rapidly expand
Certain statements contained in this news release regarding matters that
are not historical facts may be forward-looking statements. Because such
forward-looking statements include risks and uncertainties, actual results may
differ materially from those expressed in or implied by such forward-looking
statements. Factors that could cause actual results to differ materially
include, but are not limited to, uncertainties pertaining to continued market
acceptance for Speedemissions' products and services, its ability to succeed
in growing revenue, the effect of new competitors in its market, integration
of acquired businesses, and other risk factors identified from time to time in
its filings with the Securities and Exchange Commission.
For Further Information: Contact Jason Assad, Investor Relations,
770-306-7667 ext 227
SOURCE Speedemissions, Inc.