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WOW! WOW!WOW
-----Original Message-----
From: Lou Restivo <lrestivo@biagiocru.com>
To: Shareholders
Sent: Thu, Jul 15, 2010 1:13 pm
Subject: RE: Are you the Block Buster Distributor that Hall of Fame Beverages was talking about?
This company is not a partner with hall of fame beverage and never was all I am doing is helping them develope the brand we are not distributors all I am doing is to help put the in a national dist . network .Thank you
Lou Restivo
Biagio Cru and Estate Wines, L.L.C.
Director of Importing
Tel: 516.299.4346 (x223)
Fax: 516.299.4348
Cell: 516.852.7375
ALRIGHT STEVE!
I was under the impression spng is dead ? Why so many people still here? I just can not figure this out!
I like your optimism! Any truth to what u say?
The amount of interest here on this pos scam /pump dump/penny stock is UNBELEAVABLE! THANKS FOR MAKING ME SEE THE LITE I AM SELLING!
CHECKMATE GAME OVER ! SPNG IN BREAKOUT MODE BEWARE SHORTS YOU DON'T LOSE EM
Close your eyes to the facts . I am open to both sides of facts . Only problem all your facts are twisted twisted and then twisted some more walmart is big bigger than all of your kind can imagine!
GOOD NITE SHORTY! HATE TO SEE YOU GO!
IF THIS WAS NOT TRUE THEY WOULD BE FORCED TO REMOVE THIS FROM THERE SITE PROVE ME WRONG PLEASE ! ANYONE The Company's gross revenue* for FY2009 ending May 31, 2009 exceeded $50 million, versus $5.633 million in FY2008, an 888% increase.
In FY2009, SPNG had pre-tax profits of $10 million*, up 834% from $1.2 million for FY2008.
New orders booked for the first three months of FY2010 (June 1, 2009 through August 31, 2009) shattered last year's record pace coming in at approximately $70 million*.
Just a matter of time until the bashers e.t.c.come out of the wood work and start the attack!This whole site is run by who?
spongetech products are not in walmart! not! sorry shorty!
You are wrong only because they are short!And at the begining stages of being hurt very badly!good post
raleigh nc sponge bob at all raleigh walmarts ! WHO NEEDS THE SUPER BOWL WE HAVE WALMART AND ? THE LIST GOES ON SHORTIES. IF WE WERE ON BB WHAT PRICES WOULD BE AT? 1 DOLLAR 2DOLLARS ? WITH THE WALMART NEWS THINK ABOUT THAT SHORTY ! SH--S GETTING DEEP FRY BABY FRY!
lowes and home depot coming soon. To add on to the others!And we are going down I do not think so!
SPOTTED WESTBERY LONG ISLAND FORTUNOFFS AS SEEN ON TV STORE CARRIES ALL SPONGETECH ITEMS
WALMART MY TAKE THIS GAME IS OVER . SO MOVE ON SHORTY ONLY A MATTER OF TIME!
The first step to being a WALMART vender is to go online at WALMART Stores and submit detailed financial info about your company. You can also call corporate headquarters in Bentonville, Arkansas, at (501) 273-4000. Operators will refer you to the appropriate department for the information you need. You also must be listed with and order and pay for two DUN & BRADSTREET reports. WALMART wants to know you can handle your biz. In addition to following these steps, you must apply for Universal Product Code (UPC) Identification number (s) meet applicable liability and workers compensation insurance requirements, pass quality assurance testing, and meet Labeling and Packaging requirements. If you survive that round, you might just find yourself in that big ole parking lot filled with rental cars from fellow venders... your competition. Don't worry, there will be many scared faces to match yours.
FIRST THINGS FIRST
BEFORE you submit that questionnaire remember you usually have ONE chance to sell to these buyers "They don't have time to BS". The buyers at WALMART have become even more demanding. In fact, these days, venders have to prove they have what it takes to handle Walmart's massive production and Walmart size returns long before negotiations begin. You can't even get pass the front door without showing proof that you have adequate financing.
Step one for potential venders is to go to a Walmart Super Center and figure out where your product should be placed. If you find a spot you think you should overtake then you better be ready to say "Why your product is better" and can be sold cheaper. Get to know your competitors and who they are.
YOUR ODDS
Bentonville is a really long way from anywhere. Here in the south, business is still done the good- ole- boy country way. Most buyers are male. They pretty much fall into three categories, with the most experienced likely to be in their early 40's making $75,000 or more a year. Even a beginning buyer, at age 27 making as little as $30,000 a year, has power...lot's of power! The typical buyer is a "Child of the Ozarks" meaning "a local boy" but they also very smart and tough. These kids control millions and millions of dollars in purchasing power. Pitch rooms in which these buyers have you in operate usually reserved for no more than 45 minutes to an hour, vendors presentations better be short and sweet. If you don't get to the point quickly, then your done. They say, 'Don't like, move on. Don't like it move on'. So be very prepared when you go.
Why should they be expected to replace an established product having a proven track record for "zillions" of order cycles with a new product that has not been heard of before? In essence, what you are asking the buyer is to dilute that share of a proven and known value with an unproven and unknown value. New product failures are not how buyers keep their jobs.
Another consideration is the amount of open-to-buy the buyer has for his department. In other words, how many dollars does he have left in his budget to spend on product, whether new or old? Seasonal returns, advertising and sales promotions, departmental landed gross, interest on inventory purchased, and markdowns both current and year-to-date all play a factor in determining the amount of available open-to-buy the buyer has to spend.
Seasonal buying for an event during the forthcoming year begins during the same event in the current year, and perhaps as much as 40% of the buyer's annual budget is spent during the months following that season as it leads to the next. Juggling those dollars is a very complicated and formulated process!
Figure in the average turns per year, gross markup at retail versus landed gross, net profit budgeted versus actual profit due to markdowns, and a virtual plethora of other factors complicate the matter. Then figure how may square feet and the dollars per square feet (sometimes even dollars per square inch!) each known product will bring in to conform to a certain shelf profile or gondola modular layout that will maximize and enhance his department's sales in order to come in at or over budget in all of the above except inventory, and one can begin to readily see why a buyer may not really be interested in new products.
So again, your presentation and salesmanship better be good. If not hire someone!
WALMART'S LITTLE SECRET
One of best kept secrets to Walmart is their LOCAL VENDOR PROGRAM. This program is one of the easiest ways to become a vendor. Your products usually need to be unique and locally referenced in some way. This program is the best way for small local business to set up shop with Walmart which allows smaller orders to be distributed in your local area. Starting at a slow pace can let you get a feel of how Walmart operates. What I did was call my local Walmart store and ask to speak with the general manager. We then set up a time for him to look over my product. After this meeting he gave me a local vendor application. I filled out the application and brought it back to him to send in with his referral. Store managers have the power to refer any new product they think would be good for their store.
DON'T FORGET YOUR EDI
You must have an EDI to do business with Walmart. Click this link to go to the EDI site.
Click here to go to the EDI site...
Covalentwork's web-based EDI solution providers everything a supplier needs to easily exchange EDI transactions with any of the major retailers. No software is required. EDI VAN service, training and support are all included at no extra charge.
Wal-Mart Vendor Forum Wal-Mart Vendor Stories
How to sell your product to Walmart.com., has no affiliation with Walmart Corporation,
©2005 howtosellyourproducttowalmart
My question still stands why are they still trading and not shut down ! After all these months still trading on the grays but still trading.
Just want to say after this walmart spongtech news I FEEL GREAT! TOMORROW IS A NEW DAY MAYBE A NEW CHAPTER. One thing for sure shits gonna hit the fan big time!
Scare tactics do not work anymore and have not for real longs!!Try something else!
Lets see spongebob in walmart south america !oops I mean walmart north america !Whats the matter shorty cannot beleive it . UNDERSTAND THIS INCREASED REVENUES EVERY QUARTER WILL WIN IN THE END! YOU CAN NOT KILL SPONGETECH SO GIVE IT UP! HAVE A SHORT DAY!
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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.
"Due to the overwhelming increase in sales and demand for our products, we felt the best interest for the Company was to acquire Dicon," said SpongeTech's CEO, Michael Metter. "The acquisition of Dicon benefits SpongeTech along multiple parallels. With this acquisition, SpongeTech will obtain the technology that we have had exclusive rights to utilize in the manufacturing of our products and enable a more efficient and expeditious R&D process for the expanding of our product lines. In addition, SpongeTech will acquire all current and future products within Dicon's portfolio."
"We are energized at the potential unleashed by the union of our two companies," commented SpongeTech's COO, Steven Moskowitz. "The growth of the Company has given us the ability to acquire Dicon without dilution. We believe that this acquisition places SpongeTech in an excellent position to maximize the value of our Company and its future."
Established in 1975, Dicon Technologies has been researching, developing and producing some of the most innovative and successful products for multiple industries including agriculture, cosmetic, household and medical. Today, Dicon is recognized as an innovator in product development, setting new standards and creating products with far-reaching implications throughout these industries. Headquartered in Black Creek, Georgia, Dicon operates a new, state-of-the-art 30,000 sq. ft. research and manufacturing facility where over 65 researchers, product development and manufacturing personnel work on multiple, current, and future products.
Dicon's President, Wayne Celia, comments, "We have always strived to create products that are not only technologically advanced but provide the end user benefits unforeseen in previous products in the marketplace. Teaming up with SpongeTech is the perfect solution to providing a strong portfolio of innovative products that management believes will blow the marketplace out of the water." AND IT WILL TAKE NOTE P.S. SPNG WAS AT THE PRO BOWL PUT YOUR GLASSES SHORTIES
Posted Jul 9, 2009
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An OTCPicks.com Corporate Profile
Spongetech Delivery Systems
--------------------------------------------------------------------------------
Company Overview
Spongetech Delivery Systems Inc. (OTCBB: SPNG) designs, produces, markets and distributes cleaning products for vehicular use. The Company has a patented technology based on sponges that contain hydrophilic (liquid absorbing) foam polyurethane matrices. SPNG’s sponges are specially configured with an outer contact layer and an inner matrix, which is loaded with custom formulated soaps and waxes that are released when the sponge is applied to a surface.
At present, the Company’s product line focuses on vehicular cleaning uses. However, SPNG is applying its patented technology to the development of sponges for additional applications, including sponges with anti-bacterial, bath and kitchen soaps for household uses, as well as a children’s bath foam sponge.
During FY 2008, SPNG reported robust growth with revenues approaching $5.5 million. The sales gain is attributable to an expanded marketing campaign, including sales from the Web site. Going forward, the Company continues to experience strong demand in the United States and abroad, and is entering FY 2009 with order backlog in a $27 million range.
Investment Highlights
A business model capitalizing on innovative product offering
SPNG manufactures and distributes specially configured sponges containing an outer contact layer and an inner matrix, which is loaded with formulated soaps or soap and wax. When the sponge is applied to a surface with minimal pressure, the soap is applied to the surface. When the sponge is not in use, the hydrophilic matrix contains the soap and prevents leeching.
Product characteristics drive rapid adoption
SPNG’s technology offers significant cost savings to consumers since the wash and wax are built into the sponge; the consumer doesn’t need to purchase these products separately. In addition, the Company’s sponges are biodegradable, gentle enough for all surfaces, yet tough enough to remove stubborn dirt. SPNG’s automotive/vehicle sponge was named one of the seven best new products at the Automotive Aftermarket Product Expo in Las Vegas this year.
Robust revenue growth evidences strong product demand
During FY 2008, SPNG reported robust sales growth with revenue approaching $5.5 million, up from $0.06 million in FY 2007. An expanded marketing campaign, development of sales from the Web site and extended distribution channels fueled FY 2008 sales growth. The Company continues to report strong interest from U.S. and international buyers and enters FY 2009 with confirmed order backlog in a $27 million range.
Product line extension broaden revenue potential
The Company's primary product line has been designed for automotive/vehicle applications, including boats, airplanes, ATVs, jet skis and motorcycles. SPNG also markets Uncle Norman's™ Pet Sponge, designed for use with dogs, cats and other pets. Additional applications are in development. These include anti-bacterial, kitchen and bath cleaners and a unique foaming bath sponge for children.
Effective marketing campaign accelerates growth pace
During FY 2008, SPNG significantly expanded its sales and marketing, began airing a TV commercial for its auto wash & wax system, and produced a new commercial for the Pet Sponge Care Kit. The commercials are expected to run through February 2010 in all 50 U.S. states. SPNG’s commercials will air on LOGO, Inspiration, Hallmark Movie Channel, Discovery Science, NBATV, ESPN University, CBS College Sports, Sports New England, Sports Mid-Atlantic, Sports South, Fox Sports Pittsburgh, Fox Sports Southwest, and other cable and satellite TV channels.
The Company has also signed advertising agreements with several magazines and retailer catalogs, including Eastwood Co Automotive, JC Whitney, Mid-America Motorworks, Publisher's Clearinghouse, Quadratec Essentials for Jeep, Speedgear, Doubleday Military Book Club, Handyman Club of America, Carol Wright, Heartland America, Overstock.com, Reiman Country Store, Seventh Avenue, Fingerhut and Cabela's Catalog. This campaign complements SPNG’s ongoing radio and TV advertising on WFAN-AM Radio, SportsNet New York, BusinessTalkRadio and LifestyleTalkRadio.
Other promotional agreements include sponsorship by the New York Yankees and New York Mets and promotions on QVC’s “Keep It Clean” broadcast and on The Price is Right Game Show Prime Time Specials.
Large purchase orders from major U.S. and Latin America retailers
The Company is in discussions with several major retailers who are evaluating and test marketing its products. SPNG is also negotiating with a major supplier of brand name household cleaning products.
The Company has secured several orders, which together exceed $11 million, from well-known chain stores. SPNG received initial orders totaling $4.95 million from Winn Dixie, Ollie's, and Price Chopper, as well as Wal-Mart Mexico and Wal-Mart South America. The second order from Wal-Mart South America totaled $2.25 million and is scheduled for December 2008 delivery. A third order totaled $4.16 million and will ship to South America in January 2009.
U ARE WRONG BOTTOM LEFT CORNER DELETE MY POST BUT SPNG IS STILL UP!
wow mr martinez u are spot on!
Have not seen any prs about any new products they just keep coming out did you notice.
I have had 2 of my friends on this board who have been to there office more than once . A nd have spoken to both metter and mosk . Fact
correct my friend my wife buys these on a regular basis
I really do not think mgm viacom would be involved in spng if in fact it is a scam. As most of the ihub employees state. THIS IS ON TOPIC RITE MR MODERATOR
Many more people know of spng now then 3 years ago. Good or bad does not matter . Any press is good press ever here that.
Please exlpain why are they still trading why ! If they are as dirty as many will state then why the hell are they still trading. All these people on this board and no answers a little strange for me .
Where did u make up oops! I mean hear this?
what happened
Can u post a link that states this . Or is this your opinion