ATLANTA, GA - (Marketwired - Nov 20, 2013) - Speedemissions, Inc. (OTCQB: SPMI), a leading car care company providing vehicle emissions testing, safety inspections and light automotive repair operating 43 stores in the Atlanta, Houston, St. Louis and Salt Lake City markets and developer of CARbonga, the revolutionary automobile diagnostic iPhone app, today announced that it has released upgrades and enhancements to its CARbonga-SRI car safety app, which is now available at the Apple® App Store.
CARbonga-SRI ("Safety and Recall Information") is the iPhone® and iPad® app that provides every car owner a quick, easy way to learn about manufacturer recalls regarding nearly every make and model car, SUV, pick-up truck or mini-van that's for sale. Whether a vehicle is sitting on a used car lot or in a private owner's driveway, in a matter of a few minutes, a prospective buyer will have immediate access as to whether that specific model car they are looking to purchase has been recalled because of a major safety problem.
The enhancements include:
Vehicle information on recalls and Technical Service Bulletins for most makes and models produced through 2013
Another buyer advantage is that CARbonga users can even view the Technical Service Bulletin ("TSB") history. A TSB is the manner in which the manufacturer advises the dealer there's a potential mechanical problem from steering mechanics and air bag functionality to the power train.
In a survey conducted among over 1,365 Speedemissions customers, nearly two-thirds of the respondents did not know such a document exists.
Actual Example of Vehicle Recall Information Received via CARbonga app: https://www.facebook.com/pages/Speedemissions-Inc/522270047828743
Actual Example of Technical Service Bulletin Received via CARbonga app: https://www.facebook.com/pages/Speedemissions-Inc/522270047828743
According to an NBC News Today Show report earlier this year, of the over 40 million used cars sold, more than 2 million of those cars have a mandated safety recall problem that wasn't repaired. In addition, many of those 40 million vehicles have a mechanical problem the dealer should have corrected, yet after being sold by its original owner, the work most likely was never completed. Cars with significant mechanical (and potentially life-threatening) problems like brakes that stop working or a steering mechanism that fails are being sold every day.
Rich Parlontieri, President and CEO of Speedemissions, stated, "CARbonga-SRI gives a used car buyer the critical information they need to know to keep their car running safely. The SRI app now provides a detailed description of the Defect Summary, Consequence Summary, Corrective Summary and Recall Notes. It makes the buying decision one that's based on relevant facts, not just emotion. We're excited about these significant enhancements to CARbonga-SRI. We believe the added value of the Push Notification, which will keep car owners informed of the approximately 16.2 million vehicle recalls last year, in addition to being a critical resource to the 40+ million used car buyers, makes CARbonga-SRI an app that should be on every iPhone®. We also are planning to make the CARbonga-SRI available on the Android® operating system in 2014."
"We're committed to continuing to give our customers a reason to choose Speedemissions as its vehicle emission/safety inspection retailer. CARbonga-SRI, which could potentially save a life, is another component of our commitment to offer unique services, value-added programs and quality products to our clients," added Parlontieri.
Speedemissions, Inc., based in Atlanta, Georgia, is a national brand offering our customers quick and efficient emission testing and/or safety inspection as required by law. The Company is in the Atlanta, GA. Houston, TX, Salt Lake City, UT and St. Louis, MO. markets. The Company has expanded its business model through its newly introduced SpeedEmissions Car Care Stores and SpeedEmissions Car Care franchise unit. Speedemissions hopes to be among the first companies to offer its customers quick and efficient vehicle emissions testing and repair services. For more information, visit: www.speedemissions.com.
Speedemissions, Inc. owns and developed the CARbonga line of apps for smart phone users. CARbonga is the first app which allows the average person to detect automotive car problems for their own vehicle or when buying a used vehicle. The CARbonga-SRI app provides a quick and easy way for consumers to stay on top of the safety of their vehicle by providing the most current safety-related recalls and service bulletins for their vehicles. For more information, visit www.carbonga.com and for CARbonga news updates follow @CarbongaApp on Twitter.
Speedemissions, Inc. - https://www.facebook.com/pages/Speedemissions-Inc/522270047828743
CARbonga - https://www.facebook.com/pages/CARbonga/167142293336305
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 market acceptance for Speedemissions' products and services, its ability to succeed in increasing revenues in the near term to attain profitable operations and generate sufficient cash flow from operations, the effect of new competitors in its markets, its integration of acquired businesses, and other risk factors identified from time to time in its filings with the Securities and Exchange Commission, including Speedemissions' Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and current reports on Form 8-K which are available at the SEC's website www.sec.gov. Other factors not currently anticipated may also materially and adversely affect Speedemissions' results of operations, financial position, and cash flows. There can be no assurance that future results will meet expectations. While Speedemissions believes that the forward-looking statements in this news release are reasonable, the reader should not place undue reliance on any forward-looking statement. In addition, these statements speak only as of the date made. Speedemissions does not undertake, and expressly disclaims any obligation to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
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