Spongetech Delivery Systems, Inc. (fka SPNGQ)

[TheFinalCD]

Spongetech~Dicon~Taikeone connections>>>>>>>>>

But first Look @ Taikeone's New short video on the front page of their website>>> very interesting for shareholders!!!

Taikeone
http://www.taikone.com/e_news.asp

Dicon Pacific
http://panjiva.com/Dicon-Technologies-Pacific/1069517?q=dicon

Dicon Technologies Pacific
http://en.diconpacific.com/newEbiz1/EbizPortalFG/portal/html/ProgramShow.html?ProgramShow_ProgramID=c373e903cf44f0668fee254830bb5885

I made some good connections back in Nov 09
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43952636


Here is some more from "The Find"

http://www.thefind.com/search?query=dicon+technologies
Dicon's Products

http://www.thefind.com/search?query=Spongetech#page=1&filter[sortby]=price_desc
Spongetech Products *** I was shocked to see our Marine Line available for ordering shown right here***
http://www.spongetechs.com/ProductDetails.asp?ProductCode=801004W&Show=TechSpecs



And you thought th ePet Sponge was silly... there is a market
http://www.solutions.com/jump.jsp?itemID=14579&itemType=PRODUCT&iProductID=14579
http://www.thefind.com/search?query=Uncle+Norms+Pet+sponge

And you thought a Marine Sponge was silly also... there is a market
http://www.campmor.com/marine-sponge-regular-2.shtml?source=GAN&cm_mmc=GAN-_-TheFind%2C%20Inc.-_-Primary-_-

Dont Forget this one
http://taikone.com/html/e_117.html
DRYZ

http://taikone.com/e_news.asp
(((TAKE A GOOD LOOK AT THIS PAGE CAREFULLY)))


http://www.dgwhitewhale.com/

Medical Sponges
http://en.diconpacific.com/newEbiz1/EbizPortalFG/portal/html/CategoryList.html?ProductMultiCategoryPicker210_action=Searchcategory&ProductPicker_action=Searchcategory&CategoryID=c373e903f91586888ffa086006ea81be





http://www.flickr.com/photos/27240848@N04/sets/72157621978110397/show/



This info below... is right in our stock board iBox..it has been being updated periodically...many people dont even refer to it much anymore
I think like all good iBox'z it has helpful info...
Thanks TEAM SPNG


Corporate Headquarters

SpongeTech® Delivery Systems, Inc.
10 W 33rd Street
Suite 518
New York, NY 10001-3000


Company Management Team

Michael Metter, Chairman/CEO/President

Steven Moskowitz, COO/CFO/Secretary

Frank Lazaukas, Director

Investor Relations: 1-877-776-6438 or [e-mail]

Accountant: Robison, Hill, & Co.


Dicon Acquisition Stock Information O/S A/S & Chats Frequently Asked Questions

Company Overview



SpongeTech® Delivery Systems, Inc., formed in 1999, set out to design, develop, and deploy a broad-based series of branded and private label packaging solutions for consumer products and industrial applications. The Company’s vision is to offer innovative, cost-effective, and environmentally sensitive packaging and product delivery solutions through its exclusive, patented packaging technology. The focus is on earth friendly products.



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SpongeTech® Delivery Systems, Inc, is a company which designs, produces and markets innovative, cost-effective, and environmentally sensitive packaging and product delivery solutions through its exclusive patented packaging technology. These sponge-based products utilize SpongeTech®’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 soaked and applied to a surface with minimal pressure. The Company’s current product line is designed for Car Care and Pet Care, however, SpongeTech® 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.

SpongeTech® has formed wholly-owned subsidiaries:

SpongeTech® Auto, Inc.
SpongeTech® Pets, Inc.
SpongeTech® Health & Beauty, Inc.
SpongeTech® Kitchen & Bath, Inc.
SpongeTech® Medical, Inc.
SpongeTech® Europe


To date, products have been introduced for the SpongeTech®Auto, Inc. and SpongeTech® Pets, Inc. Products. Upcoming is the launching of the SpongeTech® Health and Beauty Child Care Products. The SpongeTech®Kitchen & Bath, Inc. and SpongeTech® Medical, Inc. and SpongeTech® Health & Beauty, Inc. products are in development in tandem with Dicon.



Management also continues to support certain charitable organizations, such as The Darryl Strawberry Foundation and Autism foundations.



SpongeTech Technologies



SpongeTech® uses an innovative and patented nonabsorbent “sponge-based” technology that allows us to embed dehydrated active product ingredients right into the sponge “package” but keeps dirt out of the sponge. Other technologies are also utilized. These sponge-based products utilize SpongeTech®'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 soaked and applied to a surface with minimal pressure.

Our products use an innovative and patented nonabsorbent “sponge-based” technology that allows us to embed dehydrated active product ingredients right into the sponge “package” but keeps dirt out of the sponge. Other technologies are also utilized.

These sponge-based products utilize SpongeTech®'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 soaked and applied to a surface with minimal pressure. These pre-loaded ingredients use specially formulated ingredients that allow multiple uses of the sponge with the application of water and squeezing.



These pre-loaded ingredients allow cleaner, soap, shampoo, degreasers, to be embedded into the sponge “package.”

SpongeTech®'s antibacterial properties keep it 99% bacteria-free.



Steven Moskowitz (COO) and Darryl Strawberry
Steven Moskowitz has been Secretary, Chief Financial Officer, and a Director since June 1999. In February 2006, Mr. Moskowitz was appointed to serve as our Chief Financial Officer. Mr. Moskowitz has served as a director of RM Enterprises International, Inc. since April 2001, and as its Secretary since March 2, 2004. He has been a director of Western Power and Equipment Corp. (OTCBB) since February 11, 2003. Since June 2003, he has been director of Tiburon Capital Group, a privately held holding corporation, and since May 2000, he has served as Vice President of ERC Corp., a privately-held marketing consultant. He serves as President, Chief Executive Officer, and as a Director of International Brand Group Management, Inc., a publicly traded company. He has served as President, Chief Executive Officer, and as a Director since December 2007 for and MAP VI Acquisition, Inc., a public reporting company Mr. Moskowitz also serves as Chief Executive Officer, President and as Director of Vanity Events Holdings, Inc., a publicly traded entity. He served as Vice President, Marketing and Business Development for H. W. Carter & Sons, a distributor of children's clothing, from 1987 to 2002. He was President of the H. W. Carter & Sons division of Evolutions, Inc. from 1996 to 1997. Mr. Moskowitz served in various capacities at Smart Style Industries, a manufacturer and distributor of children's apparel, from 1986 to 1987 from sales assistant to Vice President Sales and Marketing. Mr. Moskowitz also serves as a Director of National Stem Cell, Inc. (NHGI.PK) since January 2007. He received his B.S. in Management from Touro College in 1986.


Michael Metter (CEO)
Michael Metter has been President, Chief Executive Officer and a Director since May 2001. Mr. Metter has served as President of RM Enterprises International, Inc., our majority stockholder, since April, 2001, and as its Chief Executive Officer since March 2, 2004. He has been a director of Western Power and Equipment Corp. (OTCBB) since February 2003. Since June 2002, Mr. Metter has served as President and Chief Executive Officer of BusinessTalkRadio.net, a syndicated radio network based in Stamford, Connecticut. Since June 2003, he has been chairman of the board of Tiburon Capital Group and since January 1994 has been Secretary/Treasurer of DL Investments, Inc., both of which are privately held holding investment corporations. He was compliance director of Security Capital Trading, Inc., a securities broker-dealer, from October 1998 to February 2001. Mr. Metter was also a principal at Madison Capital from September 1997 to October 1998 and from November 1993 to September 1997 he was President of First Cambridge Securities Corp., a broker-dealer in New York City. On April 19, 2001, Mr. Metter filed a petition in personal bankruptcy in the District of Connecticut, Bridgeport Division, and was discharged on December 14, 2001. Mr. Metter received his MBA in Finance in 1975 and his B.A. in Marketing and Accounting in 1973 from Adelphi University.


Douglas Furth - Click for Profile


(Large Shareholder, Spearheaded 13Gs, and Other Duties. Also manages The Signature Fund.)
http://www.thesignaturefund.com/about.html
http://www.familyscreenpartners.com/
http://www.linkedin.com/pub/doug-furth/7/145/111



Douglas Furth has been active in the investment banking and venture capital markets for small cap companies since 1988. Prior to 1988, he worked for Smith Barney where he graduated from the corporate training program and worked in retail and institutional money management, subsequently becoming involved in investment banking and venture capital activities, working with a NYSE listed company in such capacity prior to starting his own firm.

For almost two decades Mr. Furth has worked to further the development of small business ventures, concentrating on financing, strategic consulting, merger and acquisition work and management consulting. Throughout this time, he has helped to finance many companies on both a public as well as private basis. Focusing primarily on the small cap niche markets, Mr. Furth has worked to develop a number of proprietary investment methodologies, vehicles and strategies that have assisted companies throughout the various stages of their business development.

These methodologies have focused on providing strategic financing for such companies while generating above average returns for investors. The development of risk mitigated investment strategies has provided access to financing for many small companies that would otherwise not be available under current market conditions, and Mr. Furth has further specialized in the development of proprietary exit strategies for investors and companies in order to meet the needs of both sides of the contemporary investment spectrum. His track record of success and expertise in the development of proprietary investment strategies, along with his business development skills, provide the Partnership with a very experienced General Partner that has worked in the targeted niche capital markets.











Black Creek, Georgia
30,000 SF Office & Manufacturing Facility
Completed: January 2009 Dicon's Homepage: Click Here The Smarter Sponge™ is made here!











Click here to see the slideshow on Dicon!
http://www.flickr.com/photos/27240848@N04/sets/72157621978110397/show/



SpongeTech® Delivery Systems, Inc., America’s Cleaning Company™, (OTCBB: SPNG) is pleased to announce that the Company has acquired Dicon Technologies (“Dicon”), a company that specializes in research and development of products derived from hydrophilic urethane chemistry. The Board of Directors of SpongeTech® and Dicon have approved and completed the transaction. SpongeTech® acquired Dicon for $4.45 million in cash only. The Company has immediately picked up approximately $10 million in revenues and approximately $1.5 million in pre-tax earning from the acquisition. Dicon currently sells various products including private label brands for multiple industries through established channels of distribution in the U.S., including traditional food, drug and mass market stores such as CVS, Walgreens, Kmart and Wal-mart as well as direct sales to large commercial clients; all of which SpongeTech® intends to immediately utilize. In addition to the U.S. distribution, Dicon currently has distribution in Asia. [Read More...] [The 8k outlining the purchase is found at this link.]

DICON TECHNOLOGIES is committed to providng innovative solutions that will make consumers' lives easier. Utilizing our patented processes, DICON TECHNOLOGIES manufactures products derived from "Hydrophilic Urethane Chemistry." The hydrophilic system has two parts: a hydrophilic pre-polymer phase and a water phase. During the water phase we introduce various water soluble active ingredients into our products. Current ingredients incorporated into our proprietary process include: health additives, moisturizers, super absorbents, soaps, detergents, antibacterials, carbons, electrostatic dissipative agents, fragrances, and waxes. The list of additives we can incorporate is limitless. Let us help you become the market leader by utilizing our process to make consumers' lives easier.


SpongeTech® Delivery Systems, Inc. (“SpongeTech”) The Smarter Sponge™, is pleased to announce that the Company has expanded its portfolio of products to include over 40 additional products with the Company’s acquisition of Dicon Technologies (“Dicon”) on July 9, 2009. Dicon’s product line currently focuses within the cosmetic, footwear, and medical markets. Dicon’s cosmetic product line utilizes a patented, latex-free hydrophilic foam material in a wide variety of sizes and shapes for Dicon’s Just For You® line as well as several private label brands. Dicon has over 15 products that include applicators, cleansing sponges, buffs, puffs, and wedges for various skin care and cosmetic applications. Dicon is also an original equipment manufacturer (“OEM”) of footwear components and retail replacement insoles called DRYZ IntelliTemp®. This temperature regulating composite inhibits the growth of odor-causing bacteria and can be found in various footwear brand names including Born®, Matterhorn®, Carolina®, Corcoran®, Bostonian®, Timberland® and Puma®.

The unique and patented hydrophilic foam technology is also ideally suited for use as medical bandages, medical wraps, and as liner for casts and braces. This technology is used in Andover Medical Inc.’s CoFlex AFD Absorbent Foam Dressing. This product is applied to both human and animal care markets. Dicon is currently working with key players in the advance wound care market and making great strides in this business segment Dicon established channels of distribution in the U.S., including traditional food, drug and mass market stores such as CVS, Walgreens, Kmart, Safeway, Publix, Big Lots and Wal-Mart as well as direct sales to large commercial clients; all of which SpongeTech intends to immediately utilize. In addition to the U.S. distribution, Dicon currently has distribution in Canada and Asia.[REF]




If you don't know how to read a 10Q then visit this iHUB forum and check about two-thirds down the iBOX. You'll find something that will help. Also ask the mods about RM Enterprises if you're stuck trying to figure out who/what they are with respect to Spongetech.



Current Equity Structure

(Click the photo for the screenshot of the transcript.)
The aggregate number of shares of stock of all classes which the Corporation shall have authority to issue is 3,068,000,000, consisting of 3,000,000,000 shares of Common Stock, having a par value of $0.001 per share, 28,000,000 shares of Class B Stock, having a par value of $0.001 per share, and 40,000,000 shares of Preferred Stock, having a par value of $0.001 per share.
Class B Stock is entitled to 100 votes per share on all matters for each share of Class B Stock owned, and vote together with the holders of common stock on all matters. Further, each share of Class B Stock is convertible at the option of the holder, into one fully paid and nonassessable share of Common Stock. [SEC Reference]


Current Share Count Information

10Q on 20 APR 2009 : As of April 16, 2009, the Company had 722,866,061 shares of common stock issued and outstanding.


Known Institutional Holders

The list of known institutional holders may be found at this link, or this link.




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The SPNG Forum's FAQ and Educational Links

Financial Questions
What are account receivables (AR)? -- If you want to learn about US GAAP AR, then read this PDF.

Need an advanced reference when reading a form 10? -- If so, get this PDF.
Need a Cap Gains calculator? -- If so, http://www.moneychimp.com/features/capgain.htm"; look here.
SEC, Security, US Law, and Other Legal Information
Want to teach yourself about the SEC, basics on filings, and SEC law; in outline? -- If so, read this PDF.
Need to find the law on Regulation SHO? -- If so, the University of Cincinnati's Law Department has an entry.
What does the SEC say about Regulation SHO? -- Read here.
Read up on 1933 and 1934 Act Companies. (Legal Reference)
Need an easy way to calculate and view Fail to Deliver (FTD) by symbol? -- Click here.
SPNG Specific Questions
Is the Viacom deal true? -- The Viacom news can be found at this link. (And yes, the contract is intact.) Viacom Contact: [e-mail] at 212.846.4942
When is the 10K filed? -- Usually in August.
What of SPNG's AR? -- No_BS does an analysis of the A/R and his work can be read here. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38824771
What are the pre-merger Dicon/RME agrements? -- Ardberg outlines the Dicon/HH/SPNG relationship in this posthttp://investorshub.advfn.com/boards/read_msg.aspx?message_id=38892409 along with the DICON/RME agreement preview. Jandrsn21 found a collection of RME agreements at this link. http://www.techagreements.com/agreement-preview.aspx?num=240254&title=Spongetech%20Delivery%20Systems%20-%20Manufacturers%20Representative%20Agreement
What of Costco? -- The Costco orders were confirmed in this post -- scan et al.
Several posters found this interesting blog: The Sponge Mob.
http://thespongemob.com/
What about voting rights for commons? -- Please see the iBOX on the Class B shares. Holders of the Class B shares control the vote. Currently the holder of the Bs are SPNG management.

SPNG~DD website found here>>>
http://spngdd.com/