Profile on Spongetech Delivery Systems Inc. (SPNG)
Profile : Spongetech Delivery Systems Inc. (SPNG)
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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 SPNGMon, Jun 15, 2009 @ 06:26 am
Press releases and lots of chatter are all well and good, but nothing speaks louder than real investors investing real money in a certain stock. With that in mind, here are last week’s small-cap stocks with the most buying activity. We’ve analyzed the reason behind the mass purchasing below, as well as what the future [...]
Thu, Jun 4, 2009 @ 08:23 am
Though I’m always skeptical of jumping on a penny stock breakout, SpongeTech Delivery Systems’ (SPNG) has me curious. Maybe the time has finally come for this stock to be fairly valued.
Over the last three days - counting today - we’ve seen SPNG move from 3.8 cents to 6.5 cents, where it currently rests. If you [...]
Mon, May 18, 2009 @ 07:59 am
The ‘all or nothing’ mentality is alive and kickin’ for followers and fans of penny stocks SpongeTech Delivery Systems, Inc. (SPNG). The stock gapped open this morning, jumping from Friday’s close (and high) of 3.6 cents to today’s open (and low) of 4.0 cents. Never a dull moment.
First of all, I really, really hope some [...]
Thu, May 14, 2009 @ 08:32 am
The saga of SpongeTech Delivery Systems, Inc. (SPNG) continues, though it’s been an interesting story the whole time. The latest chapter for this penny stock has SPNG hitting a wall of resistance at 3 cents despite three distinct attempts to knock it down. If shares can clear that hurdle, life could get much easier for [...]
Thu, Apr 2, 2009 @ 12:06 pm
If you were reading the SmallCapNetwork newsletter a year ago or more, then you’re already familiar with SpongeTech Delivery Systems (SPNG) and Applied DNA (APDN) – two names we’ve been watching for a while now, biding our time in anticipation of a point where their respective stocks start to reflect the company’s potential. Well, Applied [...]
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Quote Data : SPONGETECH DELIVE (SPNG.OB)
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Insider Transactions - Balance Sheet |
-0.0005 (-0.43%)
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.
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.
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 Headlines
Thu, 2 Jul 2009 00:00:00 Etc/GMT
Wed, 1 Jul 2009 19:00:00 Etc/GMT
NEW YORK----SpongeTech® Delivery Systems, Inc. America's Cleaning Company™, , today announces that the Company has expanded its licensing agreement with Nickelodeon and Viacom to market SpongeTech®'s SpongeBob Soap-Filled Bath Sponges in Canada.
Wed, 1 Jul 2009 14:22:00 Etc/GMT
NEW YORK----SpongeTech® Delivery Systems, Inc. America's Cleaning Company™, today announced that the Company has signed an agreement with e-commerce site Military.com, a wholly owned subsidiary of Monster Worldwide, Inc. .
Tue, 30 Jun 2009 14:00:00 Etc/GMT
Mon, 29 Jun 2009 19:11:00 Etc/GMT
NEW YORK----SpongeTech® Delivery Systems, Inc. America's Cleaning Company™, is pleased to announced that the Company has booked approximately $18 million in new orders for the entire month of June.
Fri, 26 Jun 2009 13:00:00 Etc/GMT
Thu, 25 Jun 2009 16:30:00 Etc/GMT
NEW YORK----SpongeTech® Delivery Systems, Inc. "America's Cleaning Company™", is pleased to announce that the Company has partnered with Mike Ashley Racing and the Matco Tools Top Fuel team, driven by current points-leader Antron Brown.
Wed, 24 Jun 2009 14:00:00 Etc/GMT
NEW YORK----SpongeTech® Delivery Systems, Inc., America's Cleaning Company™, is pleased to announce that the Company has secured approximately $7.25 million in new orders, bringing the total to approximately $13.65 million of purchase orders for the month of June to date.
Mon, 15 Jun 2009 15:12:00 Etc/GMT
Fri, 12 Jun 2009 18:40:00 Etc/GMT
Tue, 9 Jun 2009 16:26:00 Etc/GMT
Mon, 8 Jun 2009 13:02:00 Etc/GMT
Wed, 3 Jun 2009 14:00:00 Etc/GMT
NEW YORK----SpongeTech® Delivery Systems, Inc. America's Cleaning Company™, , announced today that the Company received an initial open order of its Car Care products from Costco™, the largest membership warehouse club chain in the world.
Tue, 2 Jun 2009 13:45:00 Etc/GMT
Thu, 28 May 2009 14:30:00 Etc/GMT
Thu, 28 May 2009 13:10:00 Etc/GMT
Tue, 26 May 2009 20:17:24 Etc/GMT
Fri, 22 May 2009 13:00:00 Etc/GMT
Fri, 15 May 2009 14:39:00 Etc/GMT
Tue, 12 May 2009 17:00:00 Etc/GMT