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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>UNITED
        STATES</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
        AND EXCHANGE COMMISSION</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Washington,
        D.C. 20549</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Form
        8-K</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Current
        Report</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Pursuant
        to Section 13 or 15(d) of The Securities Exchange Act of
        1934</strong></font></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date
                  of Report (Date of earliest event reported):</font></div>
              </td>
              <td valign="top" width="6%">&#160;</td>
              <td valign="top" width="22%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>November
                  17, 2005</strong></font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Speedemissions,
        Inc.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
        name of registrant as specified in its charter)</font><br></div>
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              <td valign="top" width="21%">&#160;</td>
              <td valign="top" width="8%">&#160;</td>
              <td valign="top" width="15%">&#160;</td>
              <td valign="top" width="8%">&#160;</td>
              <td valign="top" width="21%">&#160;</td>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Florida</strong></font></div>
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                  of incorporation)</font></div>
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              <td valign="top" width="8%">&#160;</td>
              <td valign="top" width="15%">
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                  Number)</font></div>
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                  Employer</font></div>
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                  No.)</font></div>
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              <td valign="top" width="21%">&#160;</td>
              <td valign="top" width="8%">&#160;</td>
              <td valign="top" width="15%">&#160;</td>
              <td valign="top" width="8%">&#160;</td>
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              <td valign="top" width="21%">&#160;</td>
              <td valign="top" width="8%">&#160;</td>
              <td valign="top" width="15%">&#160;</td>
              <td valign="top" width="8%">&#160;</td>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>1134
                  Senoia Road, Suite B2</strong></font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Tyrone,
                  Georgia 30290</strong></font></div>
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              <td valign="top" width="21%">&#160;</td>
              <td valign="top" width="8%">&#160;</td>
              <td valign="top" width="15%">&#160;</td>
              <td valign="top" width="8%">&#160;</td>
              <td valign="top" width="21%">&#160;</td>
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            <tr>
              <td valign="top" width="21%">&#160;</td>
              <td valign="top" width="8%">&#160;</td>
              <td valign="top" width="15%">&#160;</td>
              <td valign="top" width="8%">&#160;</td>
              <td valign="top" width="21%">&#160;</td>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(770)
                  306-7667</strong></font></div>
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                  telephone number, including area code)</font></div>
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            <tr>
              <td valign="top" width="21%">&#160;</td>
              <td valign="top" width="8%">&#160;</td>
              <td valign="top" width="15%">&#160;</td>
              <td valign="top" width="8%">&#160;</td>
              <td valign="top" width="21%">&#160;</td>
            </tr>
            <tr>
              <td valign="top" width="21%">&#160;</td>
              <td valign="top" width="8%">&#160;</td>
              <td valign="top" width="15%">&#160;</td>
              <td valign="top" width="8%">&#160;</td>
              <td valign="top" width="21%">&#160;</td>
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              <td colspan="5" valign="top" width="74%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Former
                  name or former address, if changed since last
                  report.)</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check
        the
        appropriate box below if the Form 8-K filing is intended to simultaneously
        satisfy the filing obligation of the registrant under any of the following
        provisions:</font><br></div>
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                <td width="5%"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font>&#160;</td>
                <td width="95%"><font size="2">Written communications pursuant
                  to Rule 425
                  under the Securities Act (17 CFR 230.425)</font>&#160;</td>
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                <td width="5%">&#160;</td>
                <td width="95%">&#160;</td>
              </tr>
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                <td width="5%"><font style="FONT-FAMILY: Wingdings">o</font>&#160;</td>
                <td width="95%"><font size="2">Soliciting material pursuant to
                  Rule 14a-12
                  under the Exchange Act (17 CFR 240.14a-12)</font>&#160;</td>
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                <td width="95%"><font size="2">Pre-commencement communications
                  pursuant to
                  Rule 14d-2(b) under the Exchange Act (17 CFR
                  240.14d-2(b))</font>&#160;</td>
              </tr>
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                <td width="5%">&#160;</td>
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              <tr bgcolor="#ffffff">
                <td width="5%"><font style="FONT-FAMILY: Wingdings">o</font>&#160;</td>
                <td width="95%"><font size="2">Pre-commencement communications
                  pursuant to
                  Rule 13e-4(c) under the Exchange Act (17 CFR
                  240.13e-4(c))</font>&#160;</td>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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          </div>
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        <div id="HDR">
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><a name="node8"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
        1.01</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Entry
        Into a Material Definitive Agreement. </strong></font></a></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Settlement
        Agreement</u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        November 17, 2005, Speedemissions, Inc., a Florida corporation (referred
        to as
&#8220;We&#8221; or &#8220;Speedemissions&#8221;) received a signed </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Settlement
        Agreement and General Release </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(the
        &#8220;Settlement Agreement&#8221;) by and between Speedemissions, Global Capital Funding
        Group, LP, a Delaware limited partnership (&#8220;GCFG&#8221;), GCA Strategic Investment
        Fund Limited (&#8220;GCA&#8221;), Barron Partners, LP, a Delaware limited
        partnership</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(&#8220;Barron&#8221;)
        (collectively, GCFG, GCA, Barron shall be referred to as the
&#8220;Investors&#8221;),</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">to
        resolve a dispute that arose between us and the Investors as to whether the
        convertibility terms of our Series B Preferred Stock altered the convertibility
        terms of our Series A Preferred Stock (the &#8220;Dispute&#8221;). Pursuant to the
        Settlement Agreement, in full settlement of the Dispute, we agreed to do
        the
        following:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

            <tr valign="top" style="LINE-HEIGHT: 1.25">
              <td style="WIDTH: 36pt">&#160;</td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1)</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">issue
                  GCFG 1,409 shares of Series A Preferred Stock (the &#8220;GCFG Stock&#8221;) with the
                  rights and preferences outlined in the Amended Certificate of Designation
                  </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">of
                  our Series A Convertible Preferred Stock (the &#8220;Amended </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Certificate
                  of Designation</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#8221;)</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
                  and a warrant to purchase 24,000,000 shares of our common stock
                  at an
                  exercise price of $0.12 per share (the &#8220;GCFG Warrant&#8221;), in exchange for
                  GCFG agreeing to convert all amounts due and owing under that certain
                  Speedemissions, Inc. Secured Promissory Note dated December 30,
                  2004, in
                  the principal amount of $1,285,000 and in the name of State Inspections
                  of
                  Texas, Inc. (the &#8220;GCFG Note&#8221;);</font></div>
              </td>
            </tr>

        </table>
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      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

            <tr valign="top" style="LINE-HEIGHT: 1.25">
              <td style="WIDTH: 36pt">&#160;</td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(2)</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">i)
                  issue GCA 1,224 shares of Series A Preferred Stock (the &#8220;GCA Stock&#8221;) with
                  the rights and preferences outlined in the Amended Certificate
                  of
                  Designation, ii)&#160;issue GCA a warrant to purchase 16,000,000
                  shares of
                  our common stock with an exercise price of $0.12 per share (the
&#8220;GCA
                  Warrant&#8221;); and iii) amend the terms of that certain warrant to purchase
                  2,500,000 shares of our common stock dated January 26, 2005,</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>&#160;</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">to
                  change the exercise price from $0.24 per share to $0.12 per share,
                  in
                  exchange for GCA agreeing to the amended rights and preferences
                  of the
                  Series A Preferred Stock as set forth in the Amended Certificate
                  of
                  Designation, and to convert all amounts due and owing under the
                  $350,000
                  principal amount promissory note dated January 26, 2005 (the &#8220;$350,000
                  Note&#8221;), the $300,000 principal amount promissory note dated August 2,
                  2001
                  (the &#8220;$300,000 Note&#8221;) and the $110,000 principal amount promissory note
                  dated August 7, 2004 (the &#8220;$110,000
                  Note&#8221;);</font></div>
              </td>
            </tr>

        </table>
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      <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

            <tr valign="top" style="LINE-HEIGHT: 1.25">
              <td style="WIDTH: 36pt">&#160;</td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(3)</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">issue
                  Barron a warrant to purchase 40,000,000 shares of our common stock
                  with an
                  exercise price of $0.12 per share (the &#8220;Barron Warrant&#8221;), in exchange for
                  Barron agreeing to the issuance of the GCA Stock, the GCA Warrant,
                  the
                  GCFG Stock and the GCFG Warrant, and to the amended rights and
                  preferences
                  of the Series A Preferred Stock as set forth in the Amended Certificate
                  of
                  Designation;</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

            <tr valign="top" style="LINE-HEIGHT: 1.25">
              <td style="WIDTH: 36pt">&#160;</td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(4)</font></div>
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              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Speedemissions,
                  GCFG, GCA, and Barron agreed to release each other of all claims,
                  agreements, contracts, covenants, representations, obligations,
                  losses,
                  liabilities, demands and causes of action which it may now or hereafter
                  have or claim to have against each other, as a result of the
                  Dispute.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">2</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Amendment
        to Barron </u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><u>Purchase
        Warrant &#8220;A&#8221; and </u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Barron
        </u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><u>Purchase
        Warrant &#8220;B&#8221;</u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        June
        30, 2005, we entered into a Preferred Stock Purchase Agreement (the &#8220;Barron
        Agreement&#8221;) with Barron pursuant to which Barron purchased $6,420,000 worth of
        our Series B Convertible Preferred Stock, along with warrants to purchase
        25,000,000 shares of our common stock at $0.24 per share, and warrants to
        purchase 18,900,000 shares of our common stock at $0.48 per share. On August
        4,
        2005, we entered into an Amendment to Stock Purchase Agreement (the &#8220;Barron
        Amendment&#8221;) which modified the Barron Agreement to, among other things, increase
        the warrants to 26,214,953 shares at $0.24 per share </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">(&#8220;Restated
        Common Stock Purchase Warrant &#8220;A&#8221;) and</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
        19,659,346 shares at $0.48 per share </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">(&#8220;Restated
        Common Stock Purchase Warrant &#8220;B&#8221;)</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
        respectively.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        November 17, 2005, in connection with the above-referenced Settlement Agreement,
        we received a signed Amendment No. 1 to Restated Common Stock Purchase Warrant
        &#8220;A&#8221;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">dated
        effective as of October 14, 2005,</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
        by and
        between Speedemissions</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">
        and </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Barron
        (&#8220;Barron Warrant &#8220;A&#8221; Amendment&#8221;), wherein we modified the </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Restated
        Common Stock Purchase Warrant &#8220;A&#8221; by reducing the </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">exercise
        price from $0.24 per share to $0.12 per share.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        November 17, 2005, in connection with the above-referenced Settlement Agreement,
        we received a signed </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Amendment
        No. 1 to Restated Common Stock Purchase Warrant &#8220;B&#8221; dated effective as of
        October 14, 2005, </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">by
        and
        between Speedemissions</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">
        and Barron </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(&#8220;Barron
        Warrant &#8220;B&#8221; Amendment&#8221;)</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">,
        wherein we </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">modified
        the </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Restated
        Common Stock Purchase Warrant &#8220;B&#8221; by reducing the </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">exercise
        price from $0.48 per share to $0.12 per share.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Amendments
        to GCA Common Stock Purchase Warrants</u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        November 17, 2005, in connection with the above-referenced Settlement Agreement,
        we received a signed </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Amendment
        No. 1 to Common Stock Purchase Warrant dated effective as of October 14,
        2005,
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">by
        and
        between Speedemissions</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">
        and GCA </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(&#8220;GCA
        2.5
        Million Warrant Amendment&#8221;)</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">,
        wherein we </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">reduced
        the exercise price from $1.25 per share to</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$0.12
        per
        share.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        November 17, 2005, in connection with the above-referenced settlement, we
        received a signed </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Amendment
        No. 1 to Common Stock Purchase Warrant dated effective as of October 14,
        2005,
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">by
        and
        between Speedemissions</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">
        and GCA </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(&#8220;GCA
        100K Warrant Amendment&#8221;)</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">,
        wherein we </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">reduced
        the exercise price from $0.357 per share to</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$0.12
        per
        share.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>GCFG
        </u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><u>Exchange
        Agreement and Registration Rights Agreement</u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        November 17, 2005, in connection with the above-referenced Settlement Agreement,
        we received a signed </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Exchange
        Agreement with </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">GCFG</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">
        dated effective as of October 14, 2005, by and between Speedemissions and
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">GCFG
        (the
&#8220;GCFG </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Exchange
        Agreement&#8221;), </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">whereby
        we will exchange the GCFG Stock and the GCFG Warrant for the GCFG
        Note.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        November 17, 2005, in connection with the above-referenced GCFG Exchange
        Agreement, we received a signed </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Registration
        Rights Agreement with </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">GCFG</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">
        dated effective as of October 14, 2005, by and between Speedemissions and
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">GCFG,
        whereby we agreed to register the resale of the number of shares of common
        stock
        which would be issuable to GCFG upon the conversion of the GCFG Stock and/or
        exercise of the GCFG Warrant.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">3</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>GCA
        </u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><u>Exchange
        Agreement and Registration Rights Agreement</u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        November 17, 2005, in connection with the above-referenced Settlement Agreement,
        we received a signed </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Exchange
        Agreement with GCA dated effective as of October 14, 2005, by and between
        Speedemissions and </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">GCA
        (the
&#8220;GCA </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Exchange
        Agreement&#8221;), </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">whereby
        we will exchange the GCA Stock and the GCA Warrant for the following debt
        and
        rights held by GCA: (i) the $300,000 Note; (ii) the $110,000 Note; (iii)
        the
        $350,000 Note and (iv) $302,847.53 in cumulative dividends due and owing
        under
        the existing 2,500 shares of the Company&#8217;s Series A Convertible Preferred
        Stock.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        November 17, 2005, in connection with the above-referenced GCA Exchange
        Agreement, we received a signed </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Registration
        Rights Agreement with GCA dated effective as of October 14, 2005, by and
        between
        Speedemissions and </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">GCA,
        whereby we agreed to register the resale of the number of shares of common
        stock
        which would be issuable to GCA upon the conversion of the GCA Stock and/or
        exercise of the GCA Warrant.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
        3.02</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Unregistered
        Sales of Equity Securities. </strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        November 17, 2005, 2005, in conjunction with the above-referenced Settlement
        Agreement, we issued warrants to acquire 40,000,000 shares of our common
        stock
        at $0.12 per share, to Barron, as consideration under the Settlement Agreement,
        in settlement of the Dispute. The issuance was exempt from registration pursuant
        to Section 4(2) of the Securities Act of 1933, and the shareholder is
        accredited.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        November 17, 2005, 2005, in conjunction with the above-referenced Settlement
        Agreement, we issued warrants to acquire 24,000,000 shares of our common
        stock
        at $0.12 per share, to GCFG, as consideration under the Settlement Agreement,
        in
        settlement of the Dispute. The issuance was exempt from registration pursuant
        to
        Section 4(2) of the Securities Act of 1933, and the shareholder is
        accredited.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        November 17, 2005, 2005, in conjunction with the above-referenced Settlement
        Agreement, we issued warrants to acquire 16,000,000 shares of our common
        stock
        at $0.12 per share, to GCA, as consideration under the Settlement Agreement,
        in
        settlement of the Dispute. The issuance was exempt from registration pursuant
        to
        Section 4(2) of the Securities Act of 1933, and the shareholder is
        accredited.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
        5.03</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Amendment
        to Articles of Incorporation or Bylaws; Change in Fiscal
        Year.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        November 17, 2005, in conjunction with the above-referenced Settlement
        Agreement, we</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">
        agreed to </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">amend
        our
        Articles of Incorporation by modifying the</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">
        Certificate of Designation of our Series A Convertible Preferred Stock
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">to
        increase the number of authorized shares of </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Series
        A Convertible Preferred Stock from 3,500 shares to 6,000 shares.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
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          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">4</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
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          </div>
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      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>EXHIBITS</strong></font><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td align="left" valign="top" width="9%">&#160;</td>
              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">&#160;</td>
            </tr>
            <tr bgcolor="#ccffcc">
              <td align="left" valign="top" width="9%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4.1</font></div>
              </td>
              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">First
                  Amendment to Certificate of Designation for Series A Convertible
                  Preferred
                  Stock</font></div>
              </td>
            </tr>
            <tr bgcolor="#ffffff">
              <td align="left" valign="top" width="9%">&#160;</td>
              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">&#160;</td>
            </tr>
            <tr bgcolor="#ccffcc">
              <td align="left" valign="top" width="9%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.1</font></div>
              </td>
              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Settlement
                  Agreement and General Release dated effective as of October 14,
                  2005</font></div>
              </td>
            </tr>
            <tr bgcolor="#ffffff">
              <td align="left" valign="top" width="9%">&#160;</td>
              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">&#160;</td>
            </tr>
            <tr bgcolor="#ccffcc">
              <td align="left" valign="top" width="9%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.2</font></div>
              </td>
              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Amendment
                  No. 1 to Restated Common Stock Purchase Warrant &#8220;A&#8221; issued to Barron
                  Partners</font></div>
              </td>
            </tr>
            <tr bgcolor="#ffffff">
              <td align="left" valign="top" width="9%">&#160;</td>
              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">&#160;</td>
            </tr>
            <tr bgcolor="#ccffcc">
              <td align="left" valign="top" width="9%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.3</font></div>
              </td>
              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Amendment
                  No. 1 to Restated Common Stock Purchase Warrant &#8220;B&#8221; issued to Barron
                  Partners</font></div>
              </td>
            </tr>
            <tr bgcolor="#ffffff">
              <td align="left" valign="top" width="9%">&#160;</td>
              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">&#160;</td>
            </tr>
            <tr bgcolor="#ccffcc">
              <td align="left" valign="top" width="9%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.4</font></div>
              </td>
              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Common
                  Stock Purchase Warrant issued to Barron Partners effective as of
                  October
                  14, 2005</font></div>
              </td>
            </tr>
            <tr bgcolor="#ffffff">
              <td align="left" valign="top" width="9%">&#160;</td>
              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">&#160;</td>
            </tr>
            <tr bgcolor="#ccffcc">
              <td align="left" valign="top" width="9%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.5</font></div>
              </td>
              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Amendment
                  No. 1 to Common Stock Purchase Warrant issued to GCA Strategic
                  Investment
                  Fund Limited, effective as of October 14, 2005</font></div>
              </td>
            </tr>
            <tr bgcolor="#ffffff">
              <td align="left" valign="top" width="9%">&#160;</td>
              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">&#160;</td>
            </tr>
            <tr bgcolor="#ccffcc">
              <td align="left" valign="top" width="9%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.6</font></div>
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              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Amendment
                  No. 1 to Common Stock Purchase Warrant issued to GCA Strategic
                  Investment
                  Fund Limited, effective as of October 14, 2005</font></div>
              </td>
            </tr>
            <tr bgcolor="#ffffff">
              <td align="left" valign="top" width="9%">&#160;</td>
              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">&#160;</td>
            </tr>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.7</font></div>
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              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Common
                  Stock Purchase Warrant issued to Global Capital Funding Group,
                  LP
                  effective as of October 14, 2005</font></div>
              </td>
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              <td align="left" valign="top" width="9%">&#160;</td>
              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">&#160;</td>
            </tr>
            <tr bgcolor="#ccffcc">
              <td align="left" valign="top" width="9%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.8</font></div>
              </td>
              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Common
                  Stock Purchase Warrant issued to GCA Strategic Investment Fund
                  Limited
                  effective as of October 14, 2005</font></div>
              </td>
            </tr>
            <tr bgcolor="#ffffff">
              <td align="left" valign="top" width="9%">&#160;</td>
              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">&#160;</td>
            </tr>
            <tr bgcolor="#ccffcc">
              <td align="left" valign="top" width="9%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.9</font></div>
              </td>
              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Exchange
                  Agreement with Global Capital Funding Group, LP dated effective
                  as of
                  October 14, 2005</font></div>
              </td>
            </tr>
            <tr bgcolor="#ffffff">
              <td align="left" valign="top" width="9%">&#160;</td>
              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">&#160;</td>
            </tr>
            <tr bgcolor="#ccffcc">
              <td align="left" valign="top" width="9%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.10</font></div>
              </td>
              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Registration
                  Rights Agreement with Global Capital Funding Group, LP dated effective
                  as
                  of October 14, 2005</font></div>
              </td>
            </tr>
            <tr bgcolor="#ffffff">
              <td align="left" valign="top" width="9%">&#160;</td>
              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">&#160;</td>
            </tr>
            <tr bgcolor="#ccffcc">
              <td align="left" valign="top" width="9%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.11</font></div>
              </td>
              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Exchange
                  Agreement with GCA Strategic Investment Fund Limited dated effective
                  as of
                  October 14, 2005</font></div>
              </td>
            </tr>
            <tr bgcolor="#ffffff">
              <td align="left" valign="top" width="9%">&#160;</td>
              <td align="left" valign="top" width="3%">&#160;</td>
              <td align="left" valign="top" width="64%">&#160;</td>
            </tr>
            <tr bgcolor="#ccffcc">
              <td align="left" valign="top" width="9%">
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              <td align="left" valign="top" width="64%">
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                  Rights Agreement with GCA Strategic Investment Fund Limited dated
                  effective as of October 14,
                  2005</font></div>
              </td>
            </tr>

        </table>
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      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
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        <div id="FTR">
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      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURES</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 13.5pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
        to the requirements of the Securities Exchange Act of 1934, the Registrant
        has
        duly caused this report to be signed on its behalf by the undersigned hereunto
        duly authorized.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
        <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" width="100%">

            <tr valign="top" bgcolor="#ffffff">
              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
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                  Inc.,</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">a
                    Florida corporation</font></div>
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              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
            </tr>
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                  November 21, 2005</font>&#160;</div>
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              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:&#160;&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/&#160;Richard
                A. Parlontieri</font></td>
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                  </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Richard
                  A. Parlontieri</font></div>
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            </tr>
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          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">6</font></div>
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{"company-data": {"conformed-name": "SPEEDEMISSIONS INC", "cik": "0001158419", "assigned-sic": "7500", "irs-number": "330961488", "state-of-incorporation": "FL", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-49688", "film-number": "051223862"}, "business-address": {"street1": "1134 SENOIA ROAD", "street2": "SUITE B2", "city": "TYRONE", "state": "GA", "zip": "30290", "phone": "770-306-7667"}, "mail-address": {"street1": "1134 SENOIA ROAD", "street2": "SUITE B2", "city": "TYRONE", "state": "GA", "zip": "30290"}, "former-company": {"former-conformed-name": "SKTF ENTERPRISES INC", "date-changed": "20010830"}}
UNITED
        STATES
SECURITIES
        AND EXCHANGE COMMISSION
Washington,
        D.C. 20549
Form
        8-K
Current
        Report
Pursuant
        to Section 13 or 15(d) of The Securities Exchange Act of
        1934
Date
                  of Report (Date of earliest event reported):
November
                  17, 2005
Speedemissions,
        Inc.
(Exact
        name of registrant as specified in its charter)
Florida
(State
                  or other
jurisdiction
                  of incorporation)
000-49688
(Commission
File
                  Number)
33-0961488
(I.R.S.
                  Employer
Identification
                  No.)
1134
                  Senoia Road, Suite B2
Tyrone,
                  Georgia 30290
(Address
                  of principal executive offices) (zip code)
(770)
                  306-7667
(Registrant's
                  telephone number, including area code)
(Former
                  name or former address, if changed since last
                  report.)
Check
        the
        appropriate box below if the Form 8-K filing is intended to simultaneously
        satisfy the filing obligation of the registrant under any of the following
        provisions:
o
Written communications pursuant
                  to Rule 425
                  under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to
                  Rule 14a-12
                  under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications
                  pursuant to
                  Rule 14d-2(b) under the Exchange Act (17 CFR
                  240.14d-2(b))
o
Pre-commencement communications
                  pursuant to
                  Rule 13e-4(c) under the Exchange Act (17 CFR
                  240.13e-4(c))
Item
        1.01
Entry
        Into a Material Definitive Agreement.
Settlement
        Agreement
On
        November 17, 2005, Speedemissions, Inc., a Florida corporation (referred
        to as
"We" or "Speedemissions") received a signed
Settlement
        Agreement and General Release
(the
        "Settlement Agreement") by and between Speedemissions, Global Capital Funding
        Group, LP, a Delaware limited partnership ("GCFG"), GCA Strategic Investment
        Fund Limited ("GCA"), Barron Partners, LP, a Delaware limited
        partnership
("Barron")
        (collectively, GCFG, GCA, Barron shall be referred to as the
"Investors"),
to
        resolve a dispute that arose between us and the Investors as to whether the
        convertibility terms of our Series B Preferred Stock altered the convertibility
        terms of our Series A Preferred Stock (the "Dispute"). Pursuant to the
        Settlement Agreement, in full settlement of the Dispute, we agreed to do
        the
        following:
(1)
issue
                  GCFG 1,409 shares of Series A Preferred Stock (the "GCFG Stock") with the
                  rights and preferences outlined in the Amended Certificate of Designation
of
                  our Series A Convertible Preferred Stock (the "Amended
Certificate
                  of Designation
")
,
                  and a warrant to purchase 24,000,000 shares of our common stock
                  at an
                  exercise price of $0.12 per share (the "GCFG Warrant"), in exchange for
                  GCFG agreeing to convert all amounts due and owing under that certain
                  Speedemissions, Inc. Secured Promissory Note dated December 30,
                  2004, in
                  the principal amount of $1,285,000 and in the name of State Inspections
                  of
                  Texas, Inc. (the "GCFG Note");
(2)
i)
                  issue GCA 1,224 shares of Series A Preferred Stock (the "GCA Stock") with
                  the rights and preferences outlined in the Amended Certificate
                  of
                  Designation, ii) issue GCA a warrant to purchase 16,000,000
                  shares of
                  our common stock with an exercise price of $0.12 per share (the
"GCA
                  Warrant"); and iii) amend the terms of that certain warrant to purchase
                  2,500,000 shares of our common stock dated January 26, 2005,
to
                  change the exercise price from $0.24 per share to $0.12 per share,
                  in
                  exchange for GCA agreeing to the amended rights and preferences
                  of the
                  Series A Preferred Stock as set forth in the Amended Certificate
                  of
                  Designation, and to convert all amounts due and owing under the
                  $350,000
                  principal amount promissory note dated January 26, 2005 (the "$350,000
                  Note"), the $300,000 principal amount promissory note dated August 2,
                  2001
                  (the "$300,000 Note") and the $110,000 principal amount promissory note
                  dated August 7, 2004 (the "$110,000
                  Note");
(3)
issue
                  Barron a warrant to purchase 40,000,000 shares of our common stock
                  with an
                  exercise price of $0.12 per share (the "Barron Warrant"), in exchange for
                  Barron agreeing to the issuance of the GCA Stock, the GCA Warrant,
                  the
                  GCFG Stock and the GCFG Warrant, and to the amended rights and
                  preferences
                  of the Series A Preferred Stock as set forth in the Amended Certificate
                  of
                  Designation;
(4)
Speedemissions,
                  GCFG, GCA, and Barron agreed to release each other of all claims,
                  agreements, contracts, covenants, representations, obligations,
                  losses,
                  liabilities, demands and causes of action which it may now or hereafter
                  have or claim to have against each other, as a result of the
                  Dispute.
2
Amendment
        to Barron
Purchase
        Warrant "A" and
Barron
Purchase
        Warrant "B"
On
        June
        30, 2005, we entered into a Preferred Stock Purchase Agreement (the "Barron
        Agreement") with Barron pursuant to which Barron purchased $6,420,000 worth of
        our Series B Convertible Preferred Stock, along with warrants to purchase
        25,000,000 shares of our common stock at $0.24 per share, and warrants to
        purchase 18,900,000 shares of our common stock at $0.48 per share. On August
        4,
        2005, we entered into an Amendment to Stock Purchase Agreement (the "Barron
        Amendment") which modified the Barron Agreement to, among other things, increase
        the warrants to 26,214,953 shares at $0.24 per share
("Restated
        Common Stock Purchase Warrant "A") and
19,659,346 shares at $0.48 per share
("Restated
        Common Stock Purchase Warrant "B")
,
        respectively.
On
        November 17, 2005, in connection with the above-referenced Settlement Agreement,
        we received a signed Amendment No. 1 to Restated Common Stock Purchase Warrant
        "A"
dated
        effective as of October 14, 2005,
by and
        between Speedemissions
and
Barron
        ("Barron Warrant "A" Amendment"), wherein we modified the
Restated
        Common Stock Purchase Warrant "A" by reducing the
exercise
        price from $0.24 per share to $0.12 per share.
On
        November 17, 2005, in connection with the above-referenced Settlement Agreement,
        we received a signed
Amendment
        No. 1 to Restated Common Stock Purchase Warrant "B" dated effective as of
        October 14, 2005,
by
        and
        between Speedemissions
and Barron
("Barron
        Warrant "B" Amendment")
,
        wherein we
modified
        the
Restated
        Common Stock Purchase Warrant "B" by reducing the
exercise
        price from $0.48 per share to $0.12 per share.
Amendments
        to GCA Common Stock Purchase Warrants
On
        November 17, 2005, in connection with the above-referenced Settlement Agreement,
        we received a signed
Amendment
        No. 1 to Common Stock Purchase Warrant dated effective as of October 14,
        2005,
by
        and
        between Speedemissions
and GCA
("GCA
        2.5
        Million Warrant Amendment")
,
        wherein we
reduced
        the exercise price from $1.25 per share to
$0.12
        per
        share.
On
        November 17, 2005, in connection with the above-referenced settlement, we
        received a signed
Amendment
        No. 1 to Common Stock Purchase Warrant dated effective as of October 14,
        2005,
by
        and
        between Speedemissions
and GCA
("GCA
        100K Warrant Amendment")
,
        wherein we
reduced
        the exercise price from $0.357 per share to
$0.12
        per
        share.
GCFG
Exchange
        Agreement and Registration Rights Agreement
On
        November 17, 2005, in connection with the above-referenced Settlement Agreement,
        we received a signed
Exchange
        Agreement with
GCFG
dated effective as of October 14, 2005, by and between Speedemissions and
GCFG
        (the
"GCFG
Exchange
        Agreement"),
whereby
        we will exchange the GCFG Stock and the GCFG Warrant for the GCFG
        Note.
On
        November 17, 2005, in connection with the above-referenced GCFG Exchange
        Agreement, we received a signed
Registration
        Rights Agreement with
GCFG
dated effective as of October 14, 2005, by and between Speedemissions and
GCFG,
        whereby we agreed to register the resale of the number of shares of common
        stock
        which would be issuable to GCFG upon the conversion of the GCFG Stock and/or
        exercise of the GCFG Warrant.
3
GCA
Exchange
        Agreement and Registration Rights Agreement
On
        November 17, 2005, in connection with the above-referenced Settlement Agreement,
        we received a signed
Exchange
        Agreement with GCA dated effective as of October 14, 2005, by and between
        Speedemissions and
GCA
        (the
"GCA
Exchange
        Agreement"),
whereby
        we will exchange the GCA Stock and the GCA Warrant for the following debt
        and
        rights held by GCA: (i) the $300,000 Note; (ii) the $110,000 Note; (iii)
        the
        $350,000 Note and (iv) $302,847.53 in cumulative dividends due and owing
        under
        the existing 2,500 shares of the Company's Series A Convertible Preferred
        Stock.
On
        November 17, 2005, in connection with the above-referenced GCA Exchange
        Agreement, we received a signed
Registration
        Rights Agreement with GCA dated effective as of October 14, 2005, by and
        between
        Speedemissions and
GCA,
        whereby we agreed to register the resale of the number of shares of common
        stock
        which would be issuable to GCA upon the conversion of the GCA Stock and/or
        exercise of the GCA Warrant.
Item
        3.02
Unregistered
        Sales of Equity Securities.
On
        November 17, 2005, 2005, in conjunction with the above-referenced Settlement
        Agreement, we issued warrants to acquire 40,000,000 shares of our common
        stock
        at $0.12 per share, to Barron, as consideration under the Settlement Agreement,
        in settlement of the Dispute. The issuance was exempt from registration pursuant
        to Section 4(2) of the Securities Act of 1933, and the shareholder is
        accredited.
On
        November 17, 2005, 2005, in conjunction with the above-referenced Settlement
        Agreement, we issued warrants to acquire 24,000,000 shares of our common
        stock
        at $0.12 per share, to GCFG, as consideration under the Settlement Agreement,
        in
        settlement of the Dispute. The issuance was exempt from registration pursuant
        to
        Section 4(2) of the Securities Act of 1933, and the shareholder is
        accredited.
On
        November 17, 2005, 2005, in conjunction with the above-referenced Settlement
        Agreement, we issued warrants to acquire 16,000,000 shares of our common
        stock
        at $0.12 per share, to GCA, as consideration under the Settlement Agreement,
        in
        settlement of the Dispute. The issuance was exempt from registration pursuant
        to
        Section 4(2) of the Securities Act of 1933, and the shareholder is
        accredited.
Item
        5.03
Amendment
        to Articles of Incorporation or Bylaws; Change in Fiscal
        Year.
On
        November 17, 2005, in conjunction with the above-referenced Settlement
        Agreement, we
agreed to
amend
        our
        Articles of Incorporation by modifying the
Certificate of Designation of our Series A Convertible Preferred Stock
to
        increase the number of authorized shares of
Series
        A Convertible Preferred Stock from 3,500 shares to 6,000 shares.
4
EXHIBITS
4.1
First
                  Amendment to Certificate of Designation for Series A Convertible
                  Preferred
                  Stock
10.1
Settlement
                  Agreement and General Release dated effective as of October 14,
                  2005
10.2
Amendment
                  No. 1 to Restated Common Stock Purchase Warrant "A" issued to Barron
                  Partners
10.3
Amendment
                  No. 1 to Restated Common Stock Purchase Warrant "B" issued to Barron
                  Partners
10.4
Common
                  Stock Purchase Warrant issued to Barron Partners effective as of
                  October
                  14, 2005
10.5
Amendment
                  No. 1 to Common Stock Purchase Warrant issued to GCA Strategic
                  Investment
                  Fund Limited, effective as of October 14, 2005
10.6
Amendment
                  No. 1 to Common Stock Purchase Warrant issued to GCA Strategic
                  Investment
                  Fund Limited, effective as of October 14, 2005
10.7
Common
                  Stock Purchase Warrant issued to Global Capital Funding Group,
                  LP
                  effective as of October 14, 2005
10.8
Common
                  Stock Purchase Warrant issued to GCA Strategic Investment Fund
                  Limited
                  effective as of October 14, 2005
10.9
Exchange
                  Agreement with Global Capital Funding Group, LP dated effective
                  as of
                  October 14, 2005
10.10
Registration
                  Rights Agreement with Global Capital Funding Group, LP dated effective
                  as
                  of October 14, 2005
10.11
Exchange
                  Agreement with GCA Strategic Investment Fund Limited dated effective
                  as of
                  October 14, 2005
10.12
Registration
                  Rights Agreement with GCA Strategic Investment Fund Limited dated
                  effective as of October 14,
                  2005
5
SIGNATURES
Pursuant
        to the requirements of the Securities Exchange Act of 1934, the Registrant
        has
        duly caused this report to be signed on its behalf by the undersigned hereunto
        duly authorized.
Speedemissions,
                  Inc.,
a
                    Florida corporation
Dated:
                  November 21, 2005
By:
/s/ Richard
                A. Parlontieri
By
:
Richard
                  A. Parlontieri
Its:
President
6