Profile on Spongetech Delivery Systems Inc. (SPNG)
Profile : Spongetech Delivery Systems Inc. (SPNG)
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Quote Data : Spongetech Delivery Systems Inc (SPNG)
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Insider Transactions - Balance Sheet |
-0.0020 (-7.41%)
Business Summary : Spongetech Delivery Systems Inc. (SPNG)
Spongetech Delivery Systems, Inc. engages in the design, production, marketing, and distribution of hydrophilic polyurethane sponge cleaning and waxing products primarily for vehicular use in the United States. The company utilizes patented technology relating to sponges containing hydrophilic, which are liquid absorbing, foam polyurethane matrices. Its product portfolio comprises specially configured sponges containing an outer contact layer and an inner matrix; children's bath foam sponge with a safe mesh coating, which prevents tearing; and household cleaning sponges infused with anti-bacterial bath and kitchen soaps. The company was founded in 1999 and is based in New York, New York.
Latest Newsletter Editions on SPNGSun, Oct 19, 2008 @ 09:41 am
What a week, huh? It was the biggest gain the market had seen in years, but let's not forget it followed what was the worst week in years. While the chaos may have been spell-binding, we can't let it be too much of a distraction. With that in mind, we've got a little business to take care of today. Specifically...
Sat, Sep 20, 2008 @ 06:30 am
Anybody else tired from this past week? I'm glad it's over, mostly because we can now move on to bigger and better things. I've got some thoughts on the short-term and long-term impact of the bailout, the likes of which we've never really seen. First though, some perspective on just how wild the ride...
Tue, Sep 16, 2008 @ 01:29 pm
Well, I'm not surprised it happened. I'm just surprised it happened in the span of just a few days. Lehman filed Chapter 11, Merrill was 'sold' to Bank of America, and Goldman Sachs posted earnings that confirmed just how bad things are within the capital markets. AIG is on the chopping block too. You...
Fri, Sep 5, 2008 @ 09:10 am
I've never been one for subtle hints, so I'll go ahead and open the bag to let the cat out - you're going to want to be near your computer next Friday (the 12th) after the market closes. Unless something unexpected happens and we decide to reschedule, we'll have a new small cap trading idea for you ...a...
Tue, Sep 2, 2008 @ 05:34 am
I was beginning to wonder when we'd see SpongeTech's (OTCBB: SPNG) full-year (and quarterly) numbers. This morning's release of them verifies that sometimes things really are worth the wait. One word. The press release and 10-K focus on the full-year numbers, which is fine. I also did a little algebra...
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Latest Blog Entries on SPNGWed, Oct 29, 2008 @ 06:10 am
I swear I’m not making this up. For all you who jokingly referred to the small cap company SpongeTech (SPNG) as the cartoon character SpongeBob (SpongeBob Squarepants), well, you may not have known how right you’d eventually be. As of today, SpongeTech is licensed to create a SpongeBob bath sponge. Like all of SpongeTech’s sponges, these [...]
Mon, Oct 27, 2008 @ 07:10 am
Not to keep dwelling on something we put to bed a couple of weeks ago, but you may be interested to know that small cap company SpongeTech Delivery Systems (SPNG) has raised its 2009 revenue forecast from $35 million to $40 million. The announcement was prompted by significant orders from new customers.
Concerns had been expressed [...]
Tue, Oct 21, 2008 @ 09:14 am
I kinda’ wish I would have waited until today to officially end our coverage of micro cap stock pick SpongeTech Delivery Systems (SPNG), though I’m not entirely sure it would have mattered. CEO Michael Metter sent out what has become a fairly routine letter to shareholders. Once again, the company’s growth is mind-boggling. Yet, once again, [...]
Tue, Sep 23, 2008 @ 10:25 am
We were surprised by how little response we got regarding Saturday’s thoughts about SpongeTech’s (SPNG) potential privatization. Maybe it was because the market was going to hell in a handbasket. Or, maybe it was just because we had no evidence or facts to back the idea up - it was merely an idea. Either way, we [...]
Tue, Aug 12, 2008 @ 09:02 am
Well, I’m not entirely surprised to see this morning’s letter from SpongeTech (SPNG) CEO Michael Metter. (We may have even helped prompt it.) It was a follow-up letter to the recent 8K, in which we learned more about the stock-as-collateral loan from RM Enterprises. My take? Metter answers some of the concerns by making a [...]
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Disclosure
Disclaimer:
TGR Group, LLC has been paid a fee of $30,000 cash and 750,000 shares of newly issued restricted stock by Spongetech Delivery Systems Inc. for coverage of the Company. Additionally, one of the managing Members of TGR Group, LLC has purchased 150,000 shares of Spongetech Delivery Systems, Inc. in the open market with an average cost basis of $.035 cents per share. | ||
Recent News HeadlinesThu, 20 Nov 2008 18:00:00 Etc/GMT SpongeTech® Delivery Systems, Inc., America's Cleaning Company, , CEO Michael Metter reported today that the Corporate buy-back of the Company's common shares is almost completed. Thu, 20 Nov 2008 15:32:00 Etc/GMT Fri, 14 Nov 2008 15:00:00 Etc/GMT SpongeTech® Delivery Systems, Inc. America's Cleaning Company update from Phoenix race in qualifying, Bell paced the one-mile oval with a lap of 28.135 seconds at a speed of 127.955 miles per hour which saw him 26th for the start of the 150-lap race. Fri, 14 Nov 2008 14:00:00 Etc/GMT SpongeTech® Delivery Systems, Inc., America's Cleaning Company , will exhibit in the Super Pet Expo bringing you its holiday shopping extravaganza and animal lover's dream this weekend in the New York/New Jersey area. Thu, 13 Nov 2008 13:40:00 Etc/GMT SpongeTech® Delivery Systems, Inc. is pleased to announce that its CEO and President, Michael Metter, will be interviewed today on Steve Crowley's American Scene Radio Show at 9:34 a.m. Tue, 11 Nov 2008 13:40:00 Etc/GMT SpongeTech® Delivery Systems, Inc. is pleased to announce that its CEO and President, Michael Metter, will be interviewed today on Steve Crowley's American Scene Radio Show at 9:24 a.m. Mon, 10 Nov 2008 15:00:00 Etc/GMT SpongeTech® Delivery Systems, Inc. America's Cleaning Company, , is pleased to reported revenues in excess of $2,500,000 USD from sales at the AAPEX Auto Show . SpongeTech® exhibited its line of auto-care products during its third consecutive appearance at AAPEX, the world's largest business-to-business event for the nearly $300 billion automotive aftermarket industry. Fri, 7 Nov 2008 15:23:00 Etc/GMT SpongeTech® Delivery Systems, Inc. is pleased to announce that T.J. Bell NASCAR Craftsman Truck Series driver #7 signed to drive at Phoenix: T.J. Bell will debut a new sponsor at Phoenix International Raceway today with SpongeTech®. Fri, 7 Nov 2008 14:10:00 Etc/GMT SpongeTech® Delivery Systems, Inc. is pleased to announce that its CEO and President, Michael Metter, will be interviewed today on Steve Crowley's American Scene Radio Show at 10:24 a.m. Fri, 7 Nov 2008 10:00:00 Etc/GMT Tue, 4 Nov 2008 14:12:00 Etc/GMT SpongeTech® Delivery Systems, Inc. is pleased to announce that its CEO and President, Michael Metter, will be interviewed today on Steve Crowley's American Scene Radio Show at 11:42 a.m. Mon, 3 Nov 2008 15:00:00 Etc/GMT SpongeTech® Delivery Systems, Inc. , a company which designs, produces, and markets innovative, cost-effective, and environmentally sensitive packaging and product delivery solutions through its exclusive patented packaging technology, will begin airing broadcast promotional advertising of its Auto Wash and Wax System on CBS Radio stations in several major markets. Thu, 30 Oct 2008 13:10:00 Etc/GMT Wed, 29 Oct 2008 13:00:00 Etc/GMT Fri, 24 Oct 2008 12:30:00 Etc/GMT SpongeTech® Delivery Systems, Inc. , "Americas Cleaning Company," is pleased to announce that we are raising our revenue projection from $35,000,000 to $40,000,000 for the fiscal year 2009 starting May 31, 2008. Thu, 23 Oct 2008 13:10:00 Etc/GMT SpongeTech® Delivery Systems, Inc. is pleased to announce that its CEO and President, Michael Metter, will be interviewed today on Steve Crowley's American Scene Radio Show at 11:34 a.m. Tue, 21 Oct 2008 14:00:00 Etc/GMT SpongeTech® Delivery Systems, Inc. CEO Michael L. Metter, is pleased to announce a Shareholder Update. Tue, 21 Oct 2008 13:10:00 Etc/GMT SpongeTech® Delivery Systems, Inc. is pleased to announce that its CEO and President, Michael Metter, will be interviewed today on Steve Crowley's American Scene Radio Show at 10:42 a.m. Tue, 21 Oct 2008 13:04:28 Etc/GMT Fri, 17 Oct 2008 16:48:00 Etc/GMT SpongeTech® Delivery Systems, Inc. has entered into a promotional agreement with the NY Islanders® to display SpongeTech® banners at all home games this season. NY Islanders® games can be seen on the following stations: FoxSportsNet New York or MSG Network , and Versus or NBC .
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