Speedemissions, Inc. Announces Plans to Launch Franchise Business Unit - SpeedEmissions Car Centers, LLC
ATLANTA, June 26, 2012 /PRNewswire/ -- Speedemissions, Inc. (OTC Bulletin Board: SPMI - News), a leading vehicle emissions testing and safety inspections company with stores in Atlanta, Houston, St. Louis and Salt Lake City, today announced that it has signed an agreement with The Franchise Doctor, Inc. of Atlanta, GA to assist with its plan to begin the franchising of its business model into a number of other U.S. markets. The company views the franchising vehicle as a means to continue its growth strategy and increase the size of its retail store presence. After securing approval for all the necessary disclosure documents, the company expects to be selling franchises by the fourth quarter of 2012.
Speedemissions will form a new company, SpeedEmissions Car Centers, LLC, in which they will franchise their vehicle emission and safety inspection store model. Franchises will be made available to qualified store operators who have an interest in either a single or multi-location opportunity in a number of cities where emission testing/safety inspections and other automotive services are required.
Rich Parlontieri, President/CEO, stated, "We're excited to be working with Jim Deitz and his firm as it relates to the execution of this new platform of growth for our company. We've spent a great deal of time researching and studying this strategic business initiative over the past couple of years and now feel we have refined our store model into what can become a successful franchise model as well."
"We are pleased to be supporting Speedemissions in this new business venture. We believe our wide-ranging industry experience will be of great value to the company as we prepare all the necessary documentation, operations manuals, systems, etc.," added Jim Deitz, President of The Franchise Doctor.
Speedemissions, Inc., based in Atlanta, Georgia, is a leading vehicle emissions testing and safety inspections company in the United States. We provide services in certain 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 current focus of the company is in the Atlanta, Georgia; Houston, Texas; St. Louis, Missouri and Salt Lake City, Utah markets. In addition, Speedemissions launched the first apps (CARbonga and CARbonga-SRI) for the iPhone®, iPad® and iPod Touch® that provides motorists with key safety and emissions information for their current vehicles or when buying a used car.
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 Rich Parlontieri, (firstname.lastname@example.org or 770-306-7667)
® iPhone, iPad & iPod Touch are registered trademarks of Apple, Inc.
SOURCE Speedemissions, Inc.