Speedemissions Engages Prospect Financial Advisors
Will Assist Company in Strategic Opportunities
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 acquisitions." 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.
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