Rochester, NY 6/11/2009 12:41:07 AM
News / Finance

SPONGETECH DELIVERY,SPNG - UP on Huge Volume - sourced by WhisperFromWallStreet.com

-SpongeTech® Delivery Systems, Inc.

SPONGETECH DELIVERY,SPNG - UP on Huge Volume - sourced by WhisperFromWallStreet.com

SPONGETECH DELIVERY,SPNG

WhisperFromWallStree.com Alert to our subscribers was given at .0148 representing a 1000% increase

-SpongeTech® Delivery Systems, Inc., America’s Cleaning Company,, today announced that its Fiscal Year ending May 31, 2009 gross revenues have exceeded $50 million with record profitability of approximately $10 million pre-tax. The revenues generated during the 4th quarter were substantially higher than any other quarter in the Company's history. SpongeTech® expects robust revenue and earnings growth to continue into Fiscal Year 2010 and beyond. The exact results for both Fiscal Year 2009 and the 4th Quarter shall be released in its Annual Report on Form 10-K at the end of August 2009.

"We had an exceptional 4th Quarter, which resulted in a great Fiscal Year 2009," commented Spongetech® CEO, Michael Metter. "The estimated gross revenues of $50 million far exceeded our expectations and we look forward to an even stronger year ahead as we continue to release new products."

ABOUT

SpongeTech Delivery Systems, Inc. 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'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 Delivery Systems is exploring additional applications for its technology in the health, beauty, and medical markets. It plans to globally brand its company as America's Cleaning Company. The company was founded in 1999 and is based in New York, New York.


Last Trade:      0.1650
Day's Range:    0.0164 - 0.1650
52wk Range:    0.01 - 0.16
Volume:           100,390,473

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