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SpongeTech(R) Delivery Systems, Inc. Announces Estimated Gross Revenues for Fiscal Year 2009 Exceeding $50 Million
Last update: 6/9/2009 12:26:00 PM
SpongeTech(R) Estimates Net Profit Pre-Tax of Approximately $10 Million
NEW YORK, Jun 09, 2009 (BUSINESS WIRE) -- SpongeTech(R) Delivery Systems, Inc., America's Cleaning Company(TM), (OTCBB: SPNG - News), today announced that its Fiscal Year ending May 31, 2009 gross revenues have exceeded $50 million with record profitability of approximately $10 million pre-tax. The revenues generated during the 4th quarter were substantially higher than any other quarter in the Company's history. SpongeTech(R) expects robust revenue and earnings growth to continue into Fiscal Year 2010 and beyond. The exact results for both Fiscal Year 2009 and the 4th Quarter shall be released in its Annual Report on Form 10-K at the end of August 2009.
"We had an exceptional 4th Quarter, which resulted in a great Fiscal Year 2009," commented Spongetech(R) CEO, Michael Metter. "The estimated gross revenues of $50 million far exceeded our expectations and we look forward to an even stronger year ahead as we continue to release new products."
Spongetech(R) COO, Steven Moskowitz commented, "We are excited about the launch of our newest product, SpongeBob SquarePants Soap-Filled Bath Sponge. The Company is anticipating terrific growth over the next 12 months. Management is working hard to insure that manufacturing capabilities are scalable enough to meet any and all future demand."
For more information, please contact Investor Relations at 1-877- SPONGE-T, and/or visit the Company's website at:
About SpongeTech(R) Delivery Systems, Inc.
SpongeTech(R) Delivery Systems is a company which designs, produces, and markets unique lines of reusable cleaning products for Car Care, Child Care, Home Care and Pet Care usages. These sponge-like products utilize SpongeTech(R)'s proprietary, patent (and patent-pending) technologies and other technologies involving hydrophilic (liquid absorbing) foam, polyurethane matrices or other ingredients. The Company's sponge-like products are pre-loaded with specially formulated ingredients such as soap, conditioner and/or wax that are released when the sponge is soaked and applied to a surface with minimal pressure. SpongeTech(R) is currently exploring additional applications for its technology in the health, beauty, and medical markets. SpongeTech(R) Delivery Systems, Inc. intends to globally brand its Company as America's Cleaning Company(TM) .
Safe Harbor Statement
Under The Private Securities Litigation Reform Act of 1995: The statements in this presentation that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the Company's Annual Report on Form 10-KSB for the year ended May 31, 2008, the Company's Quarterly Report on Form 10-QSB for the Third quarter ended February 28, 2009. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
SOURCE: SpongeTech Delivery Systems, Inc.
<LINE></LINE><LINE>SpongeTech(R) Delivery Systems, Inc. </LINE><LINE>Investor Relations: </LINE><LINE>Bill Young, 1-877-776-6438 </LINE><LINE>wayoung55@aol.com </LINE><LINE>info@spongetech.com </LINE><LINE>or </LINE><LINE>Connecting Markets GmbH </LINE><LINE>Toll Free: +0800 100 42 92 </LINE><LINE>Fon: +49 (0) 69 21 65 59 10 </LINE><LINE>Fax: +49 (0) 69 21 65 59 11 </LINE><LINE>info@cmir.de</LINE><LINE></LINE></PRE>Copyright Business Wire 2009
Last update: 6/9/2009 12:26:00 PM
SpongeTech(R) Estimates Net Profit Pre-Tax of Approximately $10 Million
NEW YORK, Jun 09, 2009 (BUSINESS WIRE) -- SpongeTech(R) Delivery Systems, Inc., America's Cleaning Company(TM), (OTCBB: SPNG - News), today announced that its Fiscal Year ending May 31, 2009 gross revenues have exceeded $50 million with record profitability of approximately $10 million pre-tax. The revenues generated during the 4th quarter were substantially higher than any other quarter in the Company's history. SpongeTech(R) expects robust revenue and earnings growth to continue into Fiscal Year 2010 and beyond. The exact results for both Fiscal Year 2009 and the 4th Quarter shall be released in its Annual Report on Form 10-K at the end of August 2009.
"We had an exceptional 4th Quarter, which resulted in a great Fiscal Year 2009," commented Spongetech(R) CEO, Michael Metter. "The estimated gross revenues of $50 million far exceeded our expectations and we look forward to an even stronger year ahead as we continue to release new products."
Spongetech(R) COO, Steven Moskowitz commented, "We are excited about the launch of our newest product, SpongeBob SquarePants Soap-Filled Bath Sponge. The Company is anticipating terrific growth over the next 12 months. Management is working hard to insure that manufacturing capabilities are scalable enough to meet any and all future demand."
For more information, please contact Investor Relations at 1-877- SPONGE-T, and/or visit the Company's website at:
About SpongeTech(R) Delivery Systems, Inc.
SpongeTech(R) Delivery Systems is a company which designs, produces, and markets unique lines of reusable cleaning products for Car Care, Child Care, Home Care and Pet Care usages. These sponge-like products utilize SpongeTech(R)'s proprietary, patent (and patent-pending) technologies and other technologies involving hydrophilic (liquid absorbing) foam, polyurethane matrices or other ingredients. The Company's sponge-like products are pre-loaded with specially formulated ingredients such as soap, conditioner and/or wax that are released when the sponge is soaked and applied to a surface with minimal pressure. SpongeTech(R) is currently exploring additional applications for its technology in the health, beauty, and medical markets. SpongeTech(R) Delivery Systems, Inc. intends to globally brand its Company as America's Cleaning Company(TM) .
Safe Harbor Statement
Under The Private Securities Litigation Reform Act of 1995: The statements in this presentation that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the Company's Annual Report on Form 10-KSB for the year ended May 31, 2008, the Company's Quarterly Report on Form 10-QSB for the Third quarter ended February 28, 2009. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
SOURCE: SpongeTech Delivery Systems, Inc.
<LINE></LINE><LINE>SpongeTech(R) Delivery Systems, Inc. </LINE><LINE>Investor Relations: </LINE><LINE>Bill Young, 1-877-776-6438 </LINE><LINE>wayoung55@aol.com </LINE><LINE>info@spongetech.com </LINE><LINE>or </LINE><LINE>Connecting Markets GmbH </LINE><LINE>Toll Free: +0800 100 42 92 </LINE><LINE>Fon: +49 (0) 69 21 65 59 10 </LINE><LINE>Fax: +49 (0) 69 21 65 59 11 </LINE><LINE>info@cmir.de</LINE><LINE></LINE></PRE>Copyright Business Wire 2009
MJ Dam I feal stupid. Get rid of Dawgball address.
My computer for some reason won,t let be send message. And not just him to your contact us site it stop me to. So lets stop.
Done normal email.
My computer for some reason won,t let be send message. And not just him to your contact us site it stop me to. So lets stop.
Done normal email.
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- Feb 12, 2000
- 10,652
- 39
- 48
- 50
That's sort of normal for stocks like this. Think about the amount of money the people working there stand to make if this goes to $1.00.
If I worked there, I would volunteer to send out releases at night from home.
- Feb 12, 2000
- 10,652
- 39
- 48
- 50
Missed trading this the last four trading days due to conflicts in schedule.
Day 27 Complete: -4.10%
Ended trade due to the "no overnight" rule.
Bought 10 .QQQSM @ 2.71
Sold 10 .QQQSM @ 2.52
-190.00
-15.00 commissions
-205.00
Total to date (adjusted down due to paper trading error): +14.40%
Currently:
# of days with gain: 10
# of days with loss: 2
No trade days: 15
Dawgball I don,t know why but I tried to send you a email twice and it does not go. So what I did was go to the fool. I said send me a copy of your forcaster and I will deside if I want to buy in.
Thank you for your offer of help.
Update. Wow these fool guys sent a couple of items. And your right they do a ton of work. And I think there offer is right on. I think there getting a new customer.
Thank you for your offer of help.
Update. Wow these fool guys sent a couple of items. And your right they do a ton of work. And I think there offer is right on. I think there getting a new customer.
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I tried that but for some reason my computer blocks me from sending my email anyplace. My son is good at this stuff im letting him fix it but he does not get here for a few days.
In mean time I took the fool up on there price witch was lowered to $79 if I took it by
midnight.
In mean time I took the fool up on there price witch was lowered to $79 if I took it by
midnight.
I sold it, Thursday I think, because I read an old post on a thread that was bumped up.
- Feb 12, 2000
- 10,652
- 39
- 48
- 50
That would be my TRADING account.
I keep this account separate from ultra-low risk retirement account.
It's been a few days, so it's probably time to mention it again: FECK MUTUAL FUNDS!
bailed on SGI and took a nice loss considering it was green before the market opened today. lost ~ $3000
looks like the HP news on their new server is gonna hurt SGI. I was really high on that company too and have waited a long time to get back in the green and thought it was ready to take off and now this and, and, and, and :sadwave:
looks like the HP news on their new server is gonna hurt SGI. I was really high on that company too and have waited a long time to get back in the green and thought it was ready to take off and now this and, and, and, and :sadwave:
Vinnie dropped the ball. I was waiting for his orders. He said nothing. He let us down. :sadwave:
me too. what's more important, rock concerts and traveling around the country with his wife and daughter or us :shrug:
:mj07:
