Spongetech Delivery Systems, Inc. (fka SPNGQ)

[chuck44l]

An update from Beacon Equity.
Ive really done well with Beacons plays lately, These guys have been on fire!!!!

Once again we've picked a winner out of the small cap hat with SPNG. Kudos to all of our members who were able to play this today and book a nice little profit; SPNG followed up a strong day yesterday where they gained 10% with a solid 8% gain on RECORD VOLUME numbers of over 24 million shares!



SPNG may be a huge bargain right now at only $0.043 and was recently issued a "Speculative Buy" rating with a target price of 19 cents per share. When researching companies, especially in the small cap space, it makes things much easier when that company has solid revenue growth and is producing a profit. These are two of the main reasons SPNG gets the blue ribbon today as our latest gem.



Some other reasons for SPNG's success are its aggressive marketing campaign, expanded product line, unique product characteristics and new purchase orders from several big name retailers.



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.



SPNG 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.



Some of the bigger names SPNG can add to its list of business partners are the New York Yankees and the New York Mets thanks to their recent promotional agreements. Also, SPNG has upcoming promotions on QVC's "Keep It Clean" broadcast and on The Price is Right Game Show.



Also, in a recent report about SPNG, an analyst writes: "SPNG expects to report fourth-quarter revenues approaching $3.9 million and enters FY 2009 with confirmed order backlog exceeding $27 million … We estimate revenues will reach $5.5 million in FY 2008 and $28.2 million in FY 2009. Going forward, we expect SPNG to maintain 30% average annual longer-term growth as it introduces new products through major U.S. retailers and rapid penetrates key international markets."



Not too bad on a day when most stocks were taking a dive with the Dow Jones giving up more than 100 points…SPNG sets record volume and looks to run even higher after announcing its new marketing campaign. SPNG has a definite advantage over others in its space because of the robust revenue growth and profitability. It would be very likely that SPNG consolidates around the current level, but once that period is over we could once again see another run in this momentum driven penny stock. Once again we congratulate all on our latest winner SPNG and want all our members to stay tuned for the latest diamond in the small cap rough!



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