ATLANTA, Ga. Speedemissions Inc., a leading vehicle emissions testing and safety inspections company operating stores in the Atlanta, St. Louis and Salt Lake City markets, has sold its remaining Houston, Texas, emission/safety inspection stores to ZAK’s & HF Enterprises, LLC, a Texas-based limited liability corporation.
This transaction, coupled with the closing of four non-performing stores in Atlanta and St. Louis in the past 60 days as leases have expired, brings the number of stores the company now owns and operates to 33.
Rich Parlontieri, president and CEO of Speedemissions, stated, "Over the past couple of years, the Texas market has been a most challenging one for us and has contributed significantly to the company’s operating losses. Eliminating those locations detrimental to our cash flow, strengthening our retail stores that are profitable, and a commitment to the development of progressive product offerings like the ADVISR, our vehicle recall and technical service bulletin report, are initiatives we believe can make Speedemissions profitable once again."
Speedemissions also is the developer of CARbonga-SRI, an automobile safety/recall iPhone app, which powers the company’s BuyCARSafety.com adviser.