San Diego, CA 7/16/2009 9:24:36 PM
SpongeTech (SPNG) Poised to Pop on New Analytical Coverage
SpongeTech Delivery Systems, Inc. shares may be getting prepped to ride the waves of good news regarding the Dicon acquisition, with a little help from Skymark and InvestorSoup.com.
SpongeTech Delivery Systems, Inc. (SPNG) shares, which have been tumbling since mid June, may finally be settling and entering a bullish trend. Encouraging news this week about a growing number of retail outlets and positive analytical coverage appears to have renewed some buying interest.
To read the full analytical review of SpongeTech and its stock, please go to: www.smallcapnetwork.com/s/.On Monday, SpongeTech announced that Skymark Research had initiated coverage of the stock. On Tuesday the company announced they'd established a presence in 7500 new retail locations. On Wednesday the company announced that InvestorSoup.com had started coverage of their stock. Also on Wednesday, the company filed an 8K regarding the Dicon acquisition.
About SpongeTech Delivery Systems
SpongeTech Delivery Systems, Inc. (SPNG) 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) .
Forward-Looking Statement: This press release may include or imply "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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