Revenue for Speedemissions Increases 175% in 3rd Quarter of 2005; Estimate 2006 Revenue to Reach $10.9 Million Dollars

ATLANTA--Nov. 1, 20055, 2005--Speedemissions, Inc. (OTC Bulletin Board: SPEM), a leading vehicle emissions testing and safety inspections company announced its third quarter revenue numbers with the filing of its 10Q. With its seven acquisitions as the anchor, Speedemissions revenue increased 175% to $2,084,061 for the three months ended September 30, 2005, from $758,008 for the three months ended September 30, 2004. Revenues increased 118% to $4,617,932 for the nine months ended September 30, 2005, from $2,122,138 for the nine months ended September 30, 2004.

Speedemissions operations continue to reflect a significantly different company than in 2004. The two acquisitions made by the company in June and September, 2005 increases its number of emissions testing stations from 21 to 35 in the Atlanta, Houston and now Salt Lake City markets.

Gross profit increased 180% to $1,468,316 for the three months ended September 30, 2005, from $524,327 for the three months ended September 30, 2004. Gross profit for the nine months ended September 30, 2005 increased 116% to $3,181,386 from $1,472,706 for the nine months ended September 30, 2004.

The Company had an operating loss of $531,927 and $1,229,541, respectively for the three and nine months ended September 30, 2005. The Company had an operating loss of $446,528 and $2,482,920, respectively for the three and nine months ended September 30, 2004. The Company's non-recurring general and administrative expenses for the three and nine months ended September 30, 2005 was approximately $376,673 and $725,679 respectively.

The Company had a net loss of $646,328 and $6,139,182 for the three and nine months ended September 30, 2005. The loss for the nine months ended September 30, included non-cash charges of $4,577,632 related to a beneficial conversion feature associated with June 30, 2005 sale of 2,500,000 shares of its Series B Convertible Preferred Stock. The Company had a net loss of $504,431 and $2,654,335 for the three and nine months ended September 30, 2004.

Rich Parlontieri, President/CEO of Speedemissions added, "Our aggressive acquisition strategy continues to be the right platform for building the company. We've been able to successfully integrate these new companies over the past twenty months and are now starting to see the positive impact on our bottom line. The Company's weighted-average revenue per store during the three months ended September 30, 2005, compared to the three months ended September 30, 2004, increased approximately 55% or $23,000 to $65,000. Based on where we are today, and being able to show 12 months revenue for both of the recent acquisitions, it is anticipated that revenue for 2006 will be about $10.9M and may result in a year-end EBITDA of $2.4M. This bodes well for the company and our shareholders."

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 emissions 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 focus of the company at the present time is the Atlanta, GA. Houston, TX. and Salt Lake City, UT. 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.