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Looks like some good buying came in at the end. Someone might know something, and it sets us up nicely for a nice run tomorrow. GLTA
Just finished listening to the webcast. Good information and IMO if they continue the rest of the year like they have already done so far this year, the stock is definately undervalued. Maybe not all the way to .30 right now, but definately more than the .06 cents it is currently. A great time to add a little more before they announce their next contract. GLTA
China Crescent Enterprises, Inc. Announces Post Labor Day Update on $0.30 Suggested Fair Value Price per Share Alignment With $50 Million Revenue Pace and Record Profit On-Demand Webcast Tuesday, September 8th
Thursday September 03, 2009 12:35:45 EDT
DALLAS, TX, Sep 03, 2009 (MARKETWIRE via COMTEX News Network) --
China Crescent Enterprises, Inc. (OTCBB:CCTR) is scheduled to release a strategic corporate on-demand Webcast Tuesday, September 8, 2009 on the Company's website to include a review of the Company's suggested fair value target price per share, $50 million revenue pace and record profit year-to-date. China Crescent reported $17 million in revenue and an over 200% net income increase to $1.1 million through the first six months of 2009. The Company has forecasted profitable revenue growth to $50 million in 2009. The Company reported over $40 million in profitable revenue in 2008. The Company's sales are historically seasonal, increasing throughout the year and usually reporting the largest sales and profits in the 4th quarter.
Any idea when the 10Q is due to come out?
great news for longs!!!
For those who havent seen it yet, the NT 10K:
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check one): |X|Form 10-K |_| Form 20-F |_| Form 11-K |_|Form 10-Q
|_|Form 10-I |_| Form NSAR |_| Form N-CSR
For Period Ended: May 31, 2009
------------
|_| Transition Report on Form 10-K
|_| Transition Report on Form 20-F
|_| Transition Report on Form 11-K
|_| Transition Report on Form 10-Q
|_| Transition Report on Form N-SAR
For the Transition Period Ended:
-------------------------------
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
--------------------------------------------------------------------------------
PART I -- REGISTRANT INFORMATION
SPONGETECH DELIVERY SYSTEMS, INC.
--------------------------------------------------------------------------------
Full Name of Registrant
--------------------------------------------------------------------------------
Former Name if Applicable
10 West 33rd Street Suite 518
--------------------------------------------------------------------------------
Address of Principal Executive Office (Street and Number)
New York, NY 10001
--------------------------------------------------------------------------------
City, State and Zip Code
Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB SEC 1344 (05-06) control number.
--------------------------------------------------------------------------------
PART II-- RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
|X| (a) The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense
|X| (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form D N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
|_| (c) The accountant's statement or other exhibit required by Rule l2b-25(c) has been attached if applicable.
PART III -- NARRATIVE
State below in reasonable detail why Forms 10-K, 20-F, 11-K, l0-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
Despite diligent efforts, the work necessary for Spongetech Delivery Systems, Inc.'s (the "Company") preparation of its Annual Report on Form 10-K could not be completed due to unforeseen delays in the collection and review of information and documents affecting disclosures in the Report on Form 10-K. Accordingly, the Company requests additional time to compile and review all the information necessary to accurately complete the Form 10-K.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification
Arthur S. Marcus, Esq. (212) 752-9700
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). Yes |X| No |_|
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? Yes |X| No |_|
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
Both our sales and net income for the year ended May 31, 2009 increased. Sales for the year ended May 31, 2009 were approximately $50,000,000 compared to $5,633,084 for the year ended May 31, 2008. As a result, our net profits for the year ended May 31, 2009 also increased to approximately $11,000,000, compared to $1,244,455 for the year ended May 31, 2008.
--------------------------------------------------------------------------------
2
--------------------------------------------------------------------------------
SPONGETECH DELIVERY SYSTEMS, INC.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date: September 1, 2009 By: /s/Steven Moskowitz
-----------------------------
Steven Moskowitz
Chief Operating Officer and
Chief Financial Officer
Todays News!!
China Crescent Enterprises, Inc. Forecasts $50 Million in Revenue and Anticipates Record Profit in 2009 Webcast Detailing Forecast and Profit Now Available on Corporate Website
Wednesday September 02, 2009 09:01:17 EDT
DALLAS, TX, Sep 02, 2009 (MARKETWIRE via COMTEX News Network) --
China Crescent Enterprises, Inc. (OTCBB:CCTR) has forecasted $50 million in profitable revenue for 2009 based on the Company's success year-to-date with larger, longer-term contracts. For the first six months of the year, China Crescent reported record profits of $1.1 million in net income and $17 million in revenue. Last year, the Company reported over $40 million in profitable revenue. The Webcast further discusses recent events such as its planned expansion into the emerging markets of East Africa, its recent partnership with NuMobile, a smartphone and mobility software company, its recent Hong Kong contract and $30 million in new business.
A link to today's Webcast titled 'China Crescent $50 Million Forecast Webcast' is now available on the Company's corporate website under Recent Webcasts at www.chinacrescent.com.
Corporate E-mail Updates
To sign up to receive company updates or to obtain more information on the Company, please visit www.chinacrescent.com.
About China Crescent Enterprises, Inc. (www.chinacrescent.com)
New webcast available!!
China Crescent Enterprises, Inc. Presents East Africa Expansion Plan in On-Demand Webcast and Extends Invitation for Upcoming Trade Mission to Kenya
DALLAS, TEXAS - September 1, 2009 - China Crescent Enterprises, Inc. (OTCBB: CCTR) has released an exclusive Webcast discussing the Company's planned expansion into Africa and upcoming trade mission to Kenya. China Crescent recently reported record profits of $1.1 million in net income and $17 million in revenue for the first six months of 2009. The Company has forecasted profitable revenue growth in 2009 compared to 2008 in which the Company reported over $40 million in profitable revenue.
China Crescent Expansion into Africa
China Crescent has targeted Kenya as its next foreign market expansion opportunity. China Crescent recently participated at the African Advanced Level Telecommunications Institute (AFRALTI) WiMax Conference in Nairobi in preparation to begin operations in Kenya. Kenya already has a fiber-optic cable infrastructure in place throughout the country, and three submarine cables under construction or currently coming on line.
Corporate Webcast Scheduled for Tomorrow, September 2nd
China Crescent is also scheduled to release a corporate update Webcast tomorrow, September 2nd. The Webcast is scheduled to review the Company's $50 million profitable revenue forecast, recent Hong Kong contract and $30 million in new business. A link to the Webcast will be available on the Company's website www.chinacrescent.com.
Africa Webcast Released Today
A link to today's Webcast titled 'China Crescent Africa Webcast' is now available on the Company's corporate website under Recent Webcasts at www.chinacrescent.com.
Corporate E-mail Updates
To sign up to receive company updates or to obtain more information on the Company, please visit www.chinacrescent.com.
About China Crescent Enterprises, Inc. (www.chinacrescent.com)
China Crescent Enterprises, Inc. reported over $40 million in profitable Revenue in 2008. The Company is a technology leader in the rapidly developing Chinese market specializing today in software engineering, high quality software development and digital multimedia outsourcing services delivered to customers globally. At the same time, the firm is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market.
Headquartered in Dallas with operations in Shanghai and Beijing, China Crescent bridges the gap between Western and Eastern business cultures to assist Western clients in realizing the advantages of the high quality, low cost technology products and services available from China. China Crescent also assists Western clients in localizing products and services to realize the tremendous growth potential available by expanding into the Chinese Market.
Dont shoot the messenger. I was just reposting a PM i got a few minutes ago.
Dont let these guys scare you out of your shares. This is a great time to buy up more shares. They are due for an announcement, and they have a much needed product! Think about it!! Go IDOI!
I saw that earlier. I think for a rumor to even get started, someone has heard something. I dont think Brown could say yes we leaked sensitive material when asked about it, so that should be there standard response, deny deny. I really feel their test will be fine, and the shorts, especially the ones jumping here, will be screwed!
It looks like the shorts got their buddies to start shorting again to help them out. More idiots. Wait till positive news hits the wires!
very true. i knew this test would be alright eventually, and bought after the crash. maybe eventually is now, which is even better. would love to see it back to 15-20 bucks. then i might have to apply for a job at cannabis sciences!! yeeeaaaaa
i dont think weve seen anything yet. this was a taste of whats gonna happen, as soon as there are any firmer news than that rumor. The chicken sh&t shorts might have covered a little today, but the so called "tough guys" im sure are holding out, they almost always do till the last mnute. This is not the first supposed leak, so i think we have a much better squeezee coming. Ya buddy!!
Just saw this:
China Crescent Enterprises, Inc. Reports Record Profits With Expected Expansion and Growth Highlighted in Back-to-Back Webcasts Tomorrow and Wednesday
Monday August 31, 2009 10:02:18 EDT
DALLAS, TX, Aug 31, 2009 (MARKETWIRE via COMTEX News Network) --
China Crescent Enterprises, Inc. (OTCBB:CCTR) recently reported record profits of $1.1 million in net income and $17 million in revenue for the first six months of 2009. The Company has forecasted profitable revenue growth in 2009 compared to 2008 in which the Company reported over $40 million in profitable revenue.
This week, the Company has scheduled two on-demand corporate Webcasts. The first, scheduled for Tuesday, September 1, will present the Company's recently announced plans for expansion into Africa, including a planned trade mission to Kenya. The second Webcast, scheduled for Wednesday, September 2 is scheduled to review the Company's $50 million profitable revenue forecast, recent Hong Kong contract and $30 million in new business. Links to the Webcasts will be available on their scheduled release dates on the Company's website www.chinacrescent.com.
Corporate Email Updates
To sign up to receive company updates or to obtain more information on the Company, please visit www.chinacrescent.com.
been sitting here all morn. No trades in how long? definately worth more than .11 a share. Just no interest!
can you tell me who this pumper group is? I would appreciate your feedback on both group 1 and 2. Thankyou.
Stevo, still waiting for them to get back to me on that. I emailed them, but havent got a reply. Will let you know.
i see 61 million o/s
Thankyou. Please dont forget the prayer!!
Pastor:
Level 2 not right. Can you post the chart please? Also, please say a prayer for me. Ill be lucky if the GF lets me in the door tonight! lol TIA
This hit my inbox about 40 mins ago:
DALLAS, TX--(Marketwire - August 28, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) is scheduled to review the Company's $50 million profitable revenue forecast, recent Hong Kong contract and $30 million in new business in an on-demand Webcast Wednesday, September 2, 2009. A link to the Webcast is scheduled to be available on the Company's website Wednesday, September 2nd.
$1.1 Million Net Income and $17 Million Revenue First Six Months '09
China Crescent reported $17 million in revenue and an over 200% net income increase to $1.1 million through the first six months of 2009. The Company has forecasted profitable revenue growth in 2009 compared to 2008, in which the Company reported over $40 million in profitable revenue.
Corporate E-mail Updates
To sign up to receive company updates or to obtain more information on the Company, please visit www.chinacrescent.com.
About China Crescent Enterprises, Inc. (www.chinacrescent.com)
China Crescent Enterprises, Inc. reported over $40 million in profitable Revenue in 2008. The Company is a technology leader in the rapidly developing Chinese market specializing today in software engineering, high quality software development and digital multimedia outsourcing services delivered to customers globally. At the same time, the firm is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market.
Headquartered in Dallas with operations in Shanghai and Beijing, China Crescent bridges the gap between Western and Eastern business cultures to assist Western clients in realizing the advantages of the high quality, low cost technology products and services available from China. China Crescent also assists Western clients in localizing products and services to realize the tremendous growth potential available by expanding into the Chinese Market.
Pastor
Please say a prayer for me. At these levels, the GF wont even let me in the house when she finds out!! Some Hail Marys would help too! TIA
weve been saying this all week, and all im seeing is more red!
the way this is looking, bottom will be 0!
Better off to shut computer off for a week or 2 and wait for rebound. Now im sure GF wont be giving me any this weekend! Wow, last time I listen to somebody about a great pick. Sell my winners to pick up this stinker. Problem is I like the product and possibilities. Guess never fall in love with a stock, my own fault. Good luck today all!! Gambini
selling below the bid, this is BS
making a nice move this morning. lets see if we can keep it going till close!
Stevo, a point you might be interested in.
My ex's husband, who owns Alpha construction here in Ohio and another construction company in Colorado, I should have gotten the name, says they are very interested in checking out this product. He also said that a big name builder is looking into it as well and is very interested. I will not use their name because I dont want to create a stir here, but I was excited! How awesome would that be if they were to buy a stake in the wonderwall product, or even buy CRRA outright. To me that would be a no brainer. Use it themselves, and sell to all the people that could use it for all the different applications. It took me a few days to think about callin him, but im glad i did.
cheers back at ya! no one knows what the heck is gonna happen with any penny, let alone this one. The product seems like a winner, but i think all of us who like this stock long term do have to wonder about the ray factor and the companies reason for bringing him on other than goldberg being on with him at rsmi. The product is sound and needed, so we shall see. You dont have to come here every day and beat a dead horse though either. We have heard your rants, and now its up to us to do our own DD and go from there. have a nice weekend, and drink some Landshark already!!
NEW YORK, Aug 27, 2009 -- OLB Group, Inc. (OTC BB:OLBG), an e-commerce service provider that has software products and services designed to help businesses sell products over the internet, announced today that the company has initiated an extensive direct marketing campaign throughout the US. to increase its current subscription base.
About OLB Group
The OLB Group is an e-commerce service provider that delivers fully outsourced private label shopping solutions. We provide our clients with a seamless, end-to-end e-commerce solution, including site creation, hosting, transaction processing, order fulfillment, customer service, sales reporting, as well as a virtual inventory of name-brand products from top-selling categories on the Internet. Our private label shopping site is designed to maintain the unique look and feel of our customer's website, providing seamless e-commerce functionality that keeps users on the on the shopping site at all times. Order fulfillment and customer service are also provided under the brand names of our clients. We remain invisible to the consumer. Our e-commerce platform also enables our clients to create their own online marketing promotions and to customize product content to meet the needs of their online users. Our turnkey online shopping solutions include "ShopFast Direct Shopping Database" or "ShopFast DSD." and ShopFast PC (profit center).
good luck with that, lol!
Morning fellow Buckeye! When you have time, would be interested in your thoughts on CRRA and OLBG. TIA Tony
morning stevo. you're up early!
thanks crazy!
Hototc.com
More on CRRA
Make sure you add CRRA to your watch list incase it starts to move again, and always do your own research.
CRRA is in a sector that is expected to grow like crazy in the next few years.
The Green Building industry which grew five-fold in the United States over the last 3 years, has potential to grow to $140 Billion by 2013!
I wouldn't be surprised if CRRA's product dominates the green building market in the near future.
This is a one of a kind product that is almost like the Superman of building products.
CRRA's product is extremely strong, durable, lightweight, inexpensive and incredibly easy to assemble entire buildings.
CRRA's unique construction material has proven to be earthquake resistant, bullet resistant, and even hurricane resistant.
The American Redcross estimated that approximately 275,000 houses were destroyed in Louisiana, Mississippi and Alabama during Hurricaine Katrina.
After Hurricane Katrina, houses could be built with the benefits of being hurricane resistant, bulletproof and easy to produce.
Hence, this blend could be established to be the type industry that could be recessionary resistant.
I think CRRA could see profits even in the worst of economic times!
CRRA's new building technology has even gotten the interest of several foreign governments and commercial enterprises.
Imagine the kind of benefits CRRA's product could see in countries where violence and bombs are frequent.
A building that has the strength to tolerate bullets and hurricanes could be considered a security haven.
It's only a matter of time that green building is going to be a big part of the construction industry, maybe even mandatory!
Did you know that the construction industry consumes approximately 40% of the total energy all over the globe?
CRRA is the solution to bringing this figure down.
CRRA's President and CEO Mr. Ray Gordon, recently announced that their main product line of Structural Insulating Mineral Foam (S-IMF) could be Carbon Neutral or close to it.
According to Mr. Gordon, "This is a worthy accomplishment since CO2 sequestration from the atmosphere is said to be critical to the earth's survival. By utilizing this technology, the construction industry could become considerably more 'green friendly' compared to collective motorists reducing the carbon load by idling their automobile engines at a lower rate."
CRRA's achievements could get even more recognition because with an annual production of over 2.5 million tons, it is estimated that conventional Portland cement is responsible for about 5% of global CO2 emissions which is more than the airline industry.
Mr. Gordon believes that "carbon-negative" ceramic foam could solve this problem as the amount of carbon dioxide it absorbs through its life cycle is much more than what it emits in the same period.
The proprietary building material manufactured by CRRA does not contain standard Portland cement in its formula.
For CRRA this opens up some exciting possibilities which could certainly endear the product to many markets looking to reduce their environmental impact during and after construction!
CRRA estimates that approximately three-quarters of a ton of CO2 is saved for every ton of Portland cement that is not used, thus transforming the cement industry from a major emitter of carbon to a major absorber.
Just look at the numerous applications for CRRA's Wonder Wall: commercial office buildings, upscale homes, manufacturing facilities, nursing homes, schools, condominium developments, correctional facilities...
CRRA's technology could revolutionize construction and the demand for their product could be insane!
More information on CRRA is available at their website: www.wonderwallinc.com
Hard to believe with all the interest in this thing, we went down right from the open. Bid up to 19 and then bend over and take it in the tailpipe! Liar Liar quote, Jim Carrey.
5 minutes to go green!! Come on baby!
This hit my inbox about 10 minutes ago:
China Crescent Enterprises, Inc. Releases Webcast Discussing Short Selling and Reg SHO
SEC Regulation SHO Targets Abusive Naked Short Selling by Reducing Failure to Deliver Securities
Shareholders and Interested Investors-
The Company remains listed on the Regulation SHO Threshold Security List, and Investor Relations has received questions on what Regulation SHO is and what this means for the Company.
SEC Regulation SHO targets abusive naked short selling in the market by reducing failure to deliver securities and by limiting the time in which a broker can permit failures to deliver. The Regulation SHO Threshold Security List reports any stock where more than 0.5% of a company's total outstanding shares failed delivery for five consecutive days.
China Crescent has been added to the threshold security list because a significant number of stock sales have been transacted in the market but the actual shares have not been delivered by the seller, creating a "failure to deliver". The number of "failures to deliver" has exceeded the Regulation SHO guidance.
China Crescent will remain on the threshold security list until the specified level of fails has not exceeded the Regulation SHO standard for five consecutive settlement days.
Any "failure to deliver" may result in a corresponding stock purchase to cover the short position. Stock purchasing to cover short sales can add to the ordinary demand for stock purchases and correspondingly contribute to an increased price per share.
In response to recent questions and to the Company remaining on the list, China Crescent has released an on-demand Webcast to discuss Regulation SHO in more detail. The Webcast is available on the Company's website
www.chinacrescent.com under Recent Webcasts, titled 'China Crescent Reg SHO and Short Selling Webcast (Aug. 27, 2009)'.
Thank you -
Investor Relations
stevo, can pinks be shorted? I dont play them often, so i have no clue. It almost looks like its being shorted all the way down here.