Speedemissions Seeks to Reduce Emissions and Improve Gas Mileage
ATLANTA--March 22, 2006--Speedemissions, Inc. (OTC Bulletin Board: SPMI), a leading vehicle emissions testing/safety inspections company with 35 testing stations in Atlanta, Houston and Salt Lake City, announced that it has signed an agreement with Tadger Group International of Canada to become the first emissions testing only company in the U.S. to offer the Tadger for lowering vehicle emissions and getting better gas mileage.The Tadger is a patented means to allow the fuel, on any gas or diesel engine to burn more efficiently. It's installed on the input fuel line of the engine, reduces tailpipe emissions of hydrocarbons & carbon monoxide and will enhance combustion efficiency. It has been tested with proven results in over 70 case studies by both private industry and government, is in use on five continents, 23 countries and comes with a lifetime warranty.
Speedemissions has secured the exclusive rights to sell the Tadger in the emission test/safety inspection industry in the United States. It will be available for sale at all Speedemission's stores and through its website, www.speedemissions.com on May 1, 2006.
Stated Rich Parlontieri, President/CEO of Speedemissions, "This agreement with Tadger Group International is exciting. It has outstanding upside potential for the company and for our shareholders. We have over 300,000 customers and for several months have been looking for the right product or service to help make their experience in our store better. The Tadger reduces emissions and that's what our business is about, preventing air pollution through emission testing. In addition, in today's market of rising gasoline prices, offering our customers a product that can improve gas mileage is an added bonus. We expect the Tadger to increase store revenue and improve our profitability."
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.