Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
SPMI > SEC Filings for SPMI > Form 8-K on 26-Jun-2014All Recent SEC Filings

Show all filings for SPEEDEMISSIONS INC

Form 8-K for SPEEDEMISSIONS INC


26-Jun-2014

Completion of Acquisition or Disposition of Assets, Financial Statements and E


Item 2.01 Completion of Acquisition or Disposition of Assets.

On June 20, 2014, we completed the sale of certain operating assets comprising five (5) emission testing centers in the Houston, Texas market. The stores were sold to ZAK's & HF Enterprises ("Zak's"), LLC, a Texas based, limited liability corporation. After taking into consideration the sale of these five (5) emission testing centers, we now operate thirty-two (32) emission testing centers in Atlanta, GA, St. Louis, MO and Salt Lake City, UT metropolitan areas, plus four
(4) mobile testing units in the Atlanta, GA area.

In exchange for these operating assets, Zak's paid us $140,000 in cash along with a twelve (12) month $60,000 note receivable. The shareholders of Zak's were unrelated to us and our affiliates, and the purchase price was determined by arms-length negotiations.



Item 9.01 Financial Statements and Exhibits.

Exhibit No. Description

10.1 Speedemissions, Inc. press release dated June 20, 2014


  Add SPMI to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for SPMI - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.