Today’s Trade Alerts include: SpongeTech Delivery Systems Inc. (OTCBB: SPNG), Darling International Inc. (NYSE: DAR), Clorox Company (NYSE: CLX), Ecolab Inc. (NYSE: ECL), Procter & Gamble Company (NYSE: PG), and Colgate-Palmolive Company (NYSE: CL).
“SpongeTech Delivery Systems Inc. (SPNG) shares climbed 10% to 4 cents Wednesday morning, still moving from yesterday’s announcement the company's CEO and President Michael L. Metter was interviewed on Steve Crowley's American Scene Radio Show. SpongeTech designs, produces, markets and distributes cleaning products for vehicular use...
“Metter stated that the last audited financials for its 2007 fiscal year, which ended May 30, 2007, show very clearly that the company did under $100,000 in revenue. However, the 2008 year that has just ended May 31, 2008, will show in excess of $5.3 million and will be very profitable…
“The officers, directors, and key investors of SpongeTech have lent the business, interest free, approximately $5 million. SpongeTech, as reflected on records, will grow rapidly during the 2009 fiscal year, and is right on target to meet or even exceed projections in excess of $30 million...”
“After jumping nearly 14% yesterday, shares of Darling International Inc. (DAR) slipped 0.67% to $13.29 Wednesday morning. Darling International provides rendering, recycling, and recovery solutions to the food industry worldwide…
“The company recently reported its second-quarter profit surged more than two-fold as higher finished product prices helped offset increased energy costs. Net income surged to $24.1 million, or 29 cents per share, from $9.5 million, or 12 cents per share in the prior-year period…
“Revenue climbed to $220.9 million from $159.4 million a year earlier on account of higher finished product prices, which contributed for the majority of the $61.5 million increase…”
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The analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. BeaconEquity.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. BeaconEquity.com is a wholly owned entity of BlueWave Advisors, LLC which has been compensated fifty thousand dollars from Pine Mountain Ventures, a shareholder of SPNG, as a marketing budget to manage a comprehensive investor awareness program including the creation and distribution of this report as well as other investor relations efforts. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. Please read our report and visit our website, BeaconEquity.com, for complete disclosures.
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