QualityStocks would like to highlight
Speedemissions, Inc. (
OTCQB: SPMI). The company operates 43 vehicle emissions testing and safety inspection stations under the trade names of Speedemissions and Auto Emissions Express; Mr. Sticker; and Just Emissions. As one of the largest test-only emissions testing and safety inspection companies in the United States, Speedemissions is well positioned in a $2.5 billion market where 87 million vehicles tested annually on emissions quality.
In the company’s news,
In 2001, Speedemissions was founded for the sole purpose of developing its own vehicle emission testing stations and to make strategic acquisitions of competitors in markets poised for growth. Today, in addition to opening new stores and acquiring other retail operations, Speedemissions is accelerating its business and margin growth by adding automotive repair and maintenance services to existing locations.
In June 2010, the company announced the launch of its first proprietary technology application called “CARbonga” that diagnoses an automobile’s computer system using the on-board diagnostic port on vehicles that were produced since 1996. CARbonga is the world’s first app initially for the iPhone®, iPad® and iPod touch®, designed to provide motorist with easy access to the same technology for their vehicles Safety Systems and On-Board-Diagnostic Systems (OBD) codes, previously available only to car repair mechanics & dealerships. The real-time diagnostic information obtainable addresses key safety systems as anti-lock brakes, air-bags, tire pressure monitor, vehicle emissions, among others, and can check over 2,000 vehicle fault codes. The “CARbonga-SRI” app gives car owners easy access to any vehicle’s history when it comes to Safety Recall Notices and TSB’s (Technical Service Bulletins) issued by the automobile manufacturer.
The company’s main strategies for expansion will be to continue to follow its core growth blueprint of opening new stores and acquiring existing retail operations, while converting a database of over 300,000 customers into long-term brand-loyal advocates and full-service automotive customers. With a fast-growth business model and large footprint already in place, Speedemissions is poised to achieve tremendous success.
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