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07-23-2009, 06:53 PM
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Posts: 538
| | re: SPNG - Spongetech Delivery Systems, Inc. (OTCBB Stock)
SpongeTech(R) Delivery Systems, Inc. Car Wash Product Featured on Fox News 'Deal or Dud Test'
12:03p ET July 23, 2009 ( PR NewsWire)
SpongeTech(R) Delivery Systems, Inc. The Smarter Sponge(TM) (OTC Bulletin Board: SPNG - News) has today announced that its car wash product ("Wash and Wax") was featured on Fox News last night (July 22, 2009) on the consumer product segment. Michelle Buckman, the consumer reporter for Fox News, tried the Wash and Wax on 8 filthy cars at a Springfield, Pennsylvania Ford dealership. The product was put to the Deal or Dud Test. Below is the link from the Fox News episode: Linkbee: http://www.myfoxphilly.com/dpp/real_deal/072209_Wash_And_Wax_Sponge | 
07-23-2009, 06:55 PM
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Posts: 538
| | re: SPNG - Spongetech Delivery Systems, Inc. (OTCBB Stock)
SpongeTech(R) Delivery Systems, Inc. to Air on QVC
3:15p ET July 23, 2009 (Business Wire)
SpongeTech(R) Delivery Systems, Inc., "The Smarter Sponge(TM)", (OTCBB: SPNG) is pleased to announce that QVC will be featuring SpongeTech(R)'s Uncle Norman's(TM) Pet Sponge on its "Happy Hour" program which is expected to air on July 24, 2009 at 6 pm ET.
QVC will feature SpongeTech(R)'s Pet Care Product, Uncle Norman's(TM) Pet Sponge, the "one-step" pet bath sponge that allows you to bathe your dog, cat or horse with much less hassle. Uncle Norman's "4 in 1" Pet Sponge is embedded with a gentle shampoo, coat conditioner, odor inhibitor, and 42 special massage bumps to assist the effectiveness of the bath; providing a thorough gentle cleaning for your pet. More importantly, each sponge can be used 8 times or more, depending on the size of your pet. These ingredients are embedded into a hydrophilic foam product that inhibits the bacterial growth in the sponge. Uncle Norman's(TM) Pet Sponges are earth-friendly and recyclable too.
SpongeTech(R)'s COO Steven Moskowitz said, "We are thrilled to be back on with QVC for their Happy Hour program. Our products are being accepted by our television viewers through the airing of our infomercials across the country and we are excited that QVC will introduce our product to additional viewers nationwide."
QVC is a multi-national corporation specializing in televised home shopping, broadcasting in four major countries to 141 million consumers; revenues generating over $7 billion in international and domestic sales. QVC broadcasts in the US via cable and satellite TV 24 hours a day, 364 days a year to 90 million homes.
SpongeTech(R)'s Uncle Norman's(TM) Pet Sponge will be available through QVC at 1-800-345-1515 or QVC.com.
For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company's website at: SpongeTech, America's Cleaning Company
Last edited by paperchase; 07-23-2009 at 07:07 PM.
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07-27-2009, 12:03 PM
|  | Super Moderator | | Join Date: Aug 2007 Location: Kingsburg, Cali
Posts: 516
| | re: SPNG - Spongetech Delivery Systems, Inc. (OTCBB Stock)
SpongeTech® Delivery Systems, Inc. Take Action to Reduce Number of Authorized Common Shares to 900 Million Shares
SpongeTech® Begins Process to Lower Outstanding to Approximately 500 Million Shares
Press Release
Source: SpongeTech Delivery Systems
On Monday July 27, 2009, 11:30 am EDT
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Companies:Spongetech delivery systems, inc.
NEW YORK--(BUSINESS WIRE)--SpongeTech® Delivery Systems, Inc., “The Smarter Sponge™”, (OTCBB: SPNG) is pleased to announce that the Company is taking action to amend its Articles of Incorporation to reduce the number of common shares that the Company has authorized to 900,000,000 (nine hundred million) shares. In addition, the Company has also begun the process to lower its outstanding shares to approximately 500,000,000 (five hundred million) shares.
Related Quotes
Symbol Price Change
SPNG.OB 0.15 +0.02
As reported in the Company's 8-K filing on May 26, 2009, SpongeTech® amended its Certificate of Incorporation to increase its authorized common shares from 1,800,000,000 (one billion, eight hundred million) to 2,000,000,000 (two billion). The increase was to provide the Company with the ability to pursue a transaction such as the acquisition of Dicon Technologies. Subsequently, the Board of Directors had approved the acquisition of Dicon Technologies which was completed on July 9, 2009 as a cash transaction, without any shares to be issued for the acquisition and without any dilution to its current shareholders; therefore enabling the Company to take action and reduce the authorized shares substantially. Furthermore, as reported in the Company's 3rd Quarter Form 10-Q filing on April 20, 2009, SpongeTech® had 722,866,061 shares of common stock issued and outstanding and the Company is also taking action to lower its outstanding shares by 30%. The Company's actions in this regards will include the continuation of the common stock repurchase and retirement program from the open market as well as the retiring of restricted (144R) shares of common stock currently owned by the Company and its affiliates.
"We are excited to be moving quickly to complete the process of reducing both our authorized and outstanding shares as well as provide clarity," commented Michael Metter, CEO of SpongeTech®. "This significant reduction is an expression of both the progress that the Company and its innovative product lines have made to date. We are confident that there will be more advances to come in the near future with regards to our product development and penetration of what we fell is currently a targeted market that is extremely large, yet grossly underserved." Metter continues, "I have always commented that it is SpongeTech®'s commitment to shareholders to gain their trust through transparency, progress and hard work. It always has been and always will be our goal to constantly build on our shareholders confidence."
"The reduction of the Company's authorized shares is being done to assure our shareholders that we are careful and prudent with the issuance of our stock," stated SpongeTech®’s COO Steven Moskowitz. "The significant reduction in both the authorized as well as outstanding share structure will serve to further enhance our overall earnings per share and make our stock more attractive to own for both current as well as prospective investors."
For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company’s website at: SpongeTech, America's Cleaning Company
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07-30-2009, 09:41 AM
|  | Super Moderator | | Join Date: Aug 2007 Location: Kingsburg, Cali
Posts: 516
| | re: SPNG - Spongetech Delivery Systems, Inc. (OTCBB Stock)
Well, a licensing deal. Also in the news today is a deal with the Cincinnati Bengals which is their first sponsorship in the NFL.
NXGen Holdings, Inc.'s Subsidiary Green Bridge Industries to Launch SpongeTech(R) Stain Remover Pen Nationwide
Press Release
Source: NXGen Holdings, Inc.
On Wednesday July 29, 2009, 2:13 pm EDT
Companies:Nxgen holdings, inc.Spongetech delivery systems, inc.
SARANAC, Mich., July 29, /PRNewswire-FirstCall/ -- NXGen Holdings, Inc. (OTC Pink Sheets: NXGH - News) is pleased to announce that the Company's wholly owned subsidiary, Green Bridge Industries, Inc., has entered into a licensing agreement with SpongeTech® Delivery Systems, Inc. (OTC Bulletin Board: SPNG - News), in which Green Bridge Industries has the exclusive nationwide rights to produce, market, and distribute the SpongeTech® Stain Remover Pens.
Related Quotes
Symbol Price Change
NXGH.PK 0.02 0.00
SPNG.OB 0.14 0.00
SpongeTech® has built a globally recognized brand over the last 2 years; advertising with major radio and television media outlets, including regional and national television commercials on major broadcast and cable networks. SpongeTech® also has agreements with 28 Major League Baseball teams advertising in stadiums across the country as well as other sporting events such as the Mike Ashley Racing and the National Hot Rod Association, World Football Challenge, and the Nautica NYC Triathlon.
SpongeTech® Delivery Systems, Inc. is a company which designs, produces and markets innovative, cost-effective, and environmentally sensitive packaging and product delivery solutions through its exclusive patented packaging technology. These sponge-based products utilize SpongeTech®'s proprietary, patent (and patent-pending) technologies involving hydrophilic (liquid absorbing) foam and polyurethane matrices. SpongeTech® currently has a unique line of reusable cleaning products for Car Care, Child Care, Home Care and Pet Care usages. SpongeTech® also has a licensing agreement with Nickelodeon and Viacom to produce a SpongeBob Soap-Filled Children's Bath Sponges.
"The SpongeTech® Stain Remover Pen enables us to enter into another arena of cleaning products. The SpongeTech® brand is globally recognized and we will now begin expanding our revenue stream through licensing agreements with companies such as Green Bridge who can bring innovative products to the marketplace under our brand name," stated Steven Moskowitz, Chief Operating Officer of SpongeTech® Delivery Systems, Inc. "We look forward to a long and profitable relationship with Green Bridge Industries."
"We are pleased to be launching the new SpongeTech® Stain Remover Pen with our proprietary formula. SpongeTech® is a nationally recognized brand and is one of the fastest growing names in the household cleaning industry across the country and we are excited to market our product under the SpongeTech® name," stated William White, CEO of NXGen Holdings, Inc.
To learn more about SpongeTech® Delivery Systems, Inc., please visit SpongeTech, America's Cleaning Company.
About NXGen Holdings, Inc.:
NXGen Holdings, Inc., through its wholly owned subsidiary, Green Bridge Industries, Inc., offers non-toxic, environmentally friendly cleaning products to fit the sanitation needs of the medical, agricultural, military and retail markets. The Company, through its proprietary technology, has the ability to develop 100% all natural cleaning products, which are superior to the synthetic products currently offered in the marketplace. The Company's products are safe for the surfaces it cleans, the environment, animals and humans.
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. greenbridgeindustries.com
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07-31-2009, 09:34 AM
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Posts: 538
| | re: SPNG - Spongetech Delivery Systems, Inc. (OTCBB Stock) SpongeTech(R) Delivery Systems, Inc. Partners with the Cincinnati Bengals
9:15a ET July 30, 2009 (Business Wire)
SpongeTech(R) Delivery Systems, Inc. The Smarter Sponge(TM), (OTCBB: SPNG - News), announced today a strategic sponsorship with the Cincinnati Bengals.
Under this agreement, SpongeTech(R) will become an official sponsor of the team as well as receive exclusive branding on the team's practice jersey. This placement will be visible on local and national television outlets.
This is the first deal for SpongeTech(R) in the National Football League. "We are excited to partner with the Cincinnati Bengals for the next two seasons. The Bengals fan base is one of the most passionate in the sport and this program will continue to build our brand and open new retail relationships in the Mid West," stated Steven Moskowitz, COO of SpongeTech(R) Delivery Systems, Inc.
SpongeTech(R) continues to grow its sports sponsorship portfolio in 2009, previously leveraging Major League Baseball teams and the World Football Challenge.
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07-31-2009, 09:34 AM
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Posts: 538
| | re: SPNG - Spongetech Delivery Systems, Inc. (OTCBB Stock) SpongeTech(R) Delivery Systems, Inc. Reports $23.5 Million in Orders for the Month of July
9:15a ET July 31, 2009 (Business Wire)
SpongeTech(R) Delivery Systems, Inc. "The Smarter Sponge(TM)", (OTCBB: SPNG) is pleased to announced that the Company has booked a record month in new orders at approximately $23.5 million, surpassing June's orders of $18 million. This continues SpongeTech(R)'s record breaking orders booked monthly by the Company. SpongeTech(R)'s products are being well received and continue to penetrate the marketplace including its newest product, SpongeBob Soap-Filled Children's Bath Sponges that is now in the distribution channels and expected to hit major retail stores shortly. Management believes the drive in sales should continue as SpongeTech(R) brands its product line as The Smarter Sponge(TM).
SpongeTech(R)'s products are being ordered and reordered by various major national retail outlets all through North America including drugstores, supermarkets, membership warehouse clubs, and big box stores. In addition, SpongeTech(R) will begin its market penetration into Canada and further into Latin America with the various marketing efforts by the Company. The Company's Direct Response marketing program has also been showing increase return on a regular basis with its Car Care and Pet Care commercials.
"We are pleased with the growth our Company has been experiencing over the last 18 months," commented Michael Metter, CEO of SpongeTech(R). "This time last year, we took in approximately $3.2 million in booked orders with retail presence in only 1,700 stores. We are now in excess of 40,000 retail location in the U.S., expanding our presence into Canada and Latin America and strengthening our position in Europe; all of which will allow for continuing strong sales growth across the board."
"We strongly believe that our sales growth will continue at this pace and we intend to capitalize on the demand for our innovative product lines in the marketplace as we expand our presence into over 100,000 retail locations by the end of this year," said SpongeTech(R)'s COO, Steven Moskowitz. "We are here for the long haul and plan to continue strengthening SpongeTech(R)'s position as becoming globally recognized as a household brand name."
For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company's website at: SpongeTech, America's Cleaning Company | 
07-31-2009, 09:55 AM
|  | Super Moderator | | Join Date: Aug 2007 Location: Kingsburg, Cali
Posts: 516
| | re: SPNG - Spongetech Delivery Systems, Inc. (OTCBB Stock)
Beat me to it paper I was coming in here with that news.
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08-02-2009, 10:14 PM
|  | Super Moderator | | Join Date: Aug 2007 Location: Kingsburg, Cali
Posts: 516
| | re: SPNG - Spongetech Delivery Systems, Inc. (OTCBB Stock)
Here's a shot of the new endcap display at the Kingsburg California Longs Drugs showing the Carwash System. Longs Drugs is now CVS, I figure that is the reason for the delay in showing up in this store is due to the changeover from Longs to CVS, and Longs Drugs never was a purchaser of Spongetech products to my knowledge. | 
08-03-2009, 09:28 AM
|  | Super Moderator | | Join Date: Oct 2007
Posts: 538
| | re: SPNG - Spongetech Delivery Systems, Inc. (OTCBB Stock)
Nice find quick... thanks..
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08-04-2009, 09:29 AM
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Posts: 538
| | re: SPNG - Spongetech Delivery Systems, Inc. (OTCBB Stock)
SpongeTech(R) Delivery Systems, Inc. Partners with New York Giants for 2009 NFL Season
9:15a ET August 4, 2009 (Business Wire)
SpongeTech(R) Delivery Systems, Inc. ("SpongeTech(R) ") "The Smarter Sponge(TM)", (OTCBB: SPNG), announced today a strategic sponsorship with the New York Giants.
Under this agreement, SpongeTech(R) will become an official sponsor of the team as well as receive shared branding on the Giants game day press backdrop. This placement will provide SpongeTech(R) with premium exposure during every post game press conference this season.
This is the second deal for SpongeTech(R) in the National Football League. "We look forward to a rewarding partnership with the New York Giants," stated Steven Moskowitz, COO of SpongeTech(R). "This relationship will allow us to reach a passionate New York fan base in the market of our headquarters."
SpongeTech(R) is a sponsor of the Cincinnati Bengals and continues to grow its sports sponsorship portfolio in 2009, previously leveraging Major League Baseball teams and the World Football Challenge.
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 products as The Smarter Sponge(TM) .
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