Dallas, TX 12/15/2008 10:56:38 PM
Soak up Possible Quick Profits with SPNG – An OTCPicks.com Featured Small Cap of the Week.
Brian Dean, Publisher of OTCPicks.com, announced today that his firm has initiated Profile Coverage of Spongetech Delivery Systems (OTCBB: SPNG). Mr. Dean comments, "As the recession continues to grind away at most consumer sales, our latest stock idea SpongeTech Delivery Systems (SPNG), is proving to be an exception.
While this is a lower-priced stock than we usually focus on, it has proven to be a consistent winner over the past year. Right now we think the stock is technically very attractive. Hopefully our member can capitalize on this for a quick trade.
Be aware though that this is a true “penny stock”, so please use a lot of caution. These lower priced stocks can make tremendous percentage gains (which is actually the only reason we’re interested in SPNG right now), but can also change course fairly quick.
We also like the fact that SPNG is one of the most actively traded stocks on the OTC market, so it is usually pretty easy to trade in and out of without getting trapped in a very wide bid/ask spread. So as always, if you play this one don’t be afraid to take profits off the table if you get ahead and if it does not go your way be sure to cut your losses early.
So here’s the low down on SPNG. Consumers the world over just can't get enough of SpongTech's unique, economical and easy-to-use patent (and patent-pending) delivery systems for child care, car cleaning, for pet washing, home care and beauty and skin care.”
To view the OTCPicks.com Company Profile for Spongetech Delivery Systems., please visit: http://www.otcpicks.com/spongetech/spongetech-4.htm
About Spongetech
SpongeTech(R) Delivery Systems is a company which designs, produces, and markets a unique line of reusable cleaning products for household use. These sponge-based products utilize SpongeTech(R)'s Proprietary, patent (and patent-pending) technologies involving hydrophilic (liquid absorbing) foam and polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, the latter of which comes pre-loaded with specially formulated soaps and wax that are released when the sponge is wetted and applied to a surface with minimal pressure. The Company's current product line is designed for Car Care and Pet Care, however, SpongeTech(R) is currently exploring additional applications for its technology including an anti-bacterial, kitchen and bath cleaner, as well as a unique 'foaming' bath sponge for children.
About OTCPicks.com
OTCPicks.com is an 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. 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 two hundred thousand free trading shares by a third party (Pine Mountain Ventures) for this current SPNG IR program. OTCPicks.com has been compensated in the past for SPNG IR services including 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 has been compensated three thousand dollars for an additional one week advertising campaign by BlueWave Advisors.
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.
