Speedemissions Announces Effectiveness of Reverse Stock Split and Preliminary Revenue for Fourth Quarter 2005

ATLANTA--Jan. 2, 20064, 2006--Speedemissions, Inc. (OTC Bulletin: SPMI - News) a leading vehicle emissions and safety inspection company today announced the effectiveness of a reverse split of the Company's common stock at a ratio of 1 for 10. The reverse split was effective January 20, 2006. The Company also announced its preliminary revenues for the fourth quarter ended December 31, 2005, of approximately $6.9 Million, reflecting a 142% increase versus the same period of 2004. This was the Company's 8th consecutive quarter of revenue increases.

Speedemissions believes that the reverse split will increase the effective marketability of its common stock and make it more attractive to institutional investors. As a result of the reverse split every ten shares of Speedemissions, issued and outstanding common stock, was automatically converted into one share of common stock. Speedemissions did not issue fractional shares of common stock in connection with the reverse split, rather fractional shares will be rounded up to the next whole share. The reverse split will also result in a proportionate adjustment to the number of shares issuable upon conversion of the Speedemissions Series A and Series B Preferred Stock and the number of underlying stock option and warrants that were outstanding prior to the reverse split. Proportionate adjustments will be made to the per share exercise price of all outstanding option and warrants. In addition, the reverse split affects the total shares issuable in the future under the Company's stock option plans. Speedemissions shares are now listed OTC Bulletin Board under the trading symbol of SPMI. The Company's shareholders are not required to surrender their existing certificates.

Additional information about Speedemissions can be found at www.stocksontheweb.com.

About Speedemissions, Inc. 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.