Speedemissions Engages Prospect Financial Advisors

Will Assist Company in Strategic Opportunities

Mar 30, 2005, 00:00 ET from Speedemissions, Inc.

    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
 store sites.
     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.