Scottsdale 4/26/2014 3:00:00 AM
QualityStocks News - Track Record Serves as Catalyst for Speedemissions, Inc. (SPMI) Success
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,
Speedemissions owns and operates vehicle emission/safety inspection testing stations in Georgia, Texas, Missouri, and Utah, as well as offers vehicle repair through its SpeedEmissions Car Care stores.
The company’s business strategy is anchored by and focused on four key elements:
• Sophisticated demographic site analysis for new station expansion in major markets throughout the United States.
• Cluster stations within a specific geographic area so as to enhance market share and reduce operating expense.
• A sales strategy that develops business, not relying on just the drive-in customer.
• Maintain integrity of vehicle testing while also providing repair service for consumers that do not pass emissions or safety tests.
Based on this model, Speedemissions now operates 43 vehicle emissions testing and safety inspection stations under the trade names of Speedemissions and Auto Emissions Express; Mr. Sticker; and Just Emissions. The company is one of the largest test-only emissions testing and safety inspection companies in the United States, which securely positions the company to capitalize in a $2.5 billion market.
In addition to its emissions and repair services, Speedemissions four years ago launched its first proprietary technology application, “CARbonga,” a mobile app that diagnoses an automobile’s computer system using the on-board diagnostic port on vehicles that were produced since 1996.
To continue its trend of progression, Speedemissions aims to adhere to its core growth blueprint of opening new stores and acquiring existing retail operations, while converting a database of customers into long-term brand-loyal advocates and full-service automotive customers.
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
