Speedemissions, Inc. Announces Student Winners of its Inaugural $100,000 “Project Planet Young Entrepreneur” Competition

Rhea-AI Summary

Speedemissions, Inc. announced the winners of its Project Planet Young Entrepreneur competition, awarding $100,000 grants to two students with innovative environmental solutions. The company aims to support the next generation of eco-conscious entrepreneurs through mentoring and resources.

Positive

• Speedemissions, Inc. recognized young entrepreneurs with innovative environmental solutions.

• The company awarded $100,000 grants to two standout students for their unique projects.

• Winning entrepreneurs will receive mentoring, PR services, and network connections to support their business ventures.

• Speedemissions aims to foster a new generation of eco-conscious businesses through its initiative.

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• None.

ATLANTA, May 07, 2024 (GLOBE NEWSWIRE) -- Speedemissions, Inc. (OTC Markets Expert Market: SPMI) (the “Company”), a retail brand vehicle testing and safety inspections company that has helped reduce auto emissions for over 20 years, with nineteen operating stores in Atlanta and St. Louis markets, is pleased to announce the winners of its Project Planet Young Entrepreneur competition.

On May 2^nd, a committee comprised of business and environmental professionals selected two standout student contributors for recognition:

Danielle Hanson proposed an innovative storage container utilizing a solar-powered filtration system for processing rain or ground-sourced water.

Shuham Madhavi submitted a bio-brick technology converting CO2 into coral-restoring nutrients to help regenerate reef ecosystems and combat climate change.

Speedemissions will award each of these winning entrepreneurs a $100,000 grant consisting of $15,000 cash plus in-kind professional services such as mentoring, public relations, and network connections. These resources are meant to help each student create and establish their own business while receiving dedicated support from Speedemissions and its strategic partners in launching their new enterprise.

“The enthusiasm and input from these contributing students and alumni were truly impressive. The caliber and thoroughness of their Project Planet ideas affirmed that our current generation of entrepreneurs is dedicated to seeking innovative and distinctive solutions that prioritize environmental protection. Speedemissions is focused on providing them with a platform on which to launch a new generation of ideas and, ultimately, create exciting and sustainable businesses,” stated Rich Parlontieri, CEO of Speedemissions.

“Drawing from this experience, we are confident that similar eco-conscious initiatives could be replicated at other campuses throughout our region and beyond,” added Parlontieri.

Project Planet Young Entrepreneur was created as a collaboration between Speedemissions and the Pace University Lubin School of Business to underscore a shared commitment to fostering entrepreneurial spirit and supporting groundbreaking advancements in sustainable technology. The selected projects demonstrated promising approaches to addressing pressing environmental challenges and contributing to the global effort to protect our planet.

ABOUT SPEEDEMISSIONS, INC.
Speedemissions, Inc., based in Atlanta, Georgia, offers its customers quick and efficient emission testing and/or safety inspection as required by law. The Company currently operates in Atlanta, GA., and St. Louis, MO. markets. For more information, visit www.speedemissions.com.

Company Contact:

Speedemissions, Inc.
Email: info@speedemissions.com

FAQ

Who are the winners of Speedemissions' Project Planet Young Entrepreneur competition?

Danielle Hanson and Shuham Madhavi were selected as the winners.

What prize did the winning entrepreneurs receive?

Each winning entrepreneur was awarded a $100,000 grant consisting of $15,000 cash and in-kind services.

What is the purpose of Project Planet Young Entrepreneur initiative?

The initiative aims to support young entrepreneurs with innovative environmental solutions.

How many operating stores does Speedemissions have?

Speedemissions has nineteen operating stores in Atlanta and St. Louis markets.