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OTCPicks.com announces an exclusive interview podcast today with Steven Moskowitz, COO of Spongetech Delivery Systems Inc. The interview covered a wide range of subjects including Spongetech’s plan for its automotive care line as well as its new Puddle Pals line of children personal care and hygiene products. Listen to the interview at OTCPicks.com
To hear the entire interview visit http://www.otcpicks.com/Newsletter/SPNG_NewsAlert_022608.htm
Interview Highlights
Mr. Moskowitz discussed many aspects of SpongeTech's recent activities and included discussions of new products including their PuddlePals children's bath product and their new Pet Sponge product line.
The interview also touched on SpongeTech's recent announcement that they will donate 3% of all PuddlePal sales to various Autism Groups and Foundations. PuddlePals is a product which can training aid to help teach Autistic children to be able to bath and take care of themselves.
Mr Moskowitz discussed their new Cable TV advertising program that just started a week ago and it going very well. The program is bringing awareness to SpongeTech in general and is helping with awareness of their stock as we. This new cable TV advertising program comes on the heels of their recent promotions on the QVC shopping network and the company will be back on QVC in April. All together these two programs are boosting direct sales revenues significantly and these are high margin sales.
One of the most interesting parts of the interview with Mr. Moskowitz was our discussions about the company's order backlog, the revenues for the last two fiscal quarters and revenue projections for 2008. I know this will be of significant interest to OTCPicks members who have been watching SPNG or investing in it in the last 4 or 5 months as we have provided coverage of SPNG.
SpongeTech Delivery Systems is a production stage company which designs, produces, markets and distributes cleaning products for vehicular use utilizing patented technology relating to sponges containing hydrophilic (liquid absorbing) foam polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, which is loaded with specially formulated soaps and wax that are released when the sponge is applied to a surface with minimal pressure. The Company's products are currently designed specifically for vehicular cleaning use. However, the Company is exploring the possibility of using its patented technology for the development of sponges for other uses, including for use with anti-bacterial, bath and kitchen soaps for household uses, as well as for use as a children's bath foam sponge.
To hear the entire interview visit http://www.otcpicks.com/Newsletter/SPNG_NewsAlert_022608.htm
About OTCPicks.com
OTCPicks.com is fast becoming the premier Internet destination for investors seeking information on smallcap and microcap companies. The web site features companies in Profile Campaigns, Executive Interviews and Research Reports authored by our financial writers. We publish our Daily Market Movers Digest Newsletter to opt-in investor members. OTCPicks.com presents the latest information for the discerning small cap and microcap investor. The site features informative articles on microcap investing, the top penny stock picks, and a wealth of small cap research on vertical markets. To feature a company on OTCPicks.com, please contact our publisher, Brian Dean at 972-546-3740, or via email at publisher@otcpicks.com.
Forward-Looking Statement: This press release includes "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.
Disclosure: OTCPicks.com has been compensated seventeen thousand dollars by the company and four hundred thousand free trading shares by a non-controlling third party for multiple 30-day SPNG IR programs.
OTCPicks.com is not a registered investment advisers or broker/dealer. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market their securities, investing in such securities is highly speculative and carries a high degree of risk.
