Spongetech Delivery Systems, Inc. (fka SPNGQ)

[WPOSullivan]

I've been reading the 10KSB over and over again, looking for clues and these paragraphs interested me:


In April, 2008, The Company signed Representative Agreements for sales representation for Spongetech products, across the United States of America and Canada with Andaro, Inc. and PSM Group, Inc./Four Seasons Global, Ltd. This is in addition to the sales efforts of other representatives. The sales representatives will receive seven (7%) of net sales which they generate and will be paid on the tenth day of the month following the month in which the sales are made.


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On July 15, 2008, we entered into an agreement with Arthur Dunkin, as sales consultant that targets sales in the auto supply and retail stores in the United States. The sales consultant will receive seven (7%) of net sales which they generate and will be paid on the fifteenth day of the month following the month in which the sales are made.

Google searching on those companies was not optimistic.
Andaro Inc. http://www.andaroinc.com/clients.htm makes no mention of Spongetech as a client and PSM, http://www.psmgroupinc.com/ is under construction (Aside: They are very close to me in Chicago area, maybe I'll take a trip)

So then this caught my eye:

We also market our products at trade shows. In the next twelve months our management intends to attend the following shows: Licensing International Expo, Automotive Aftermarket Products Expo Global Market Development Center’s General Merchandise Marketing Conference and the National Hardware Show and other selected national and regional shows in the United States. We continue to look to participate in international shows where our product can be sold.

Licensing International Expo 6/2-6/4/09 has no mention of our boys, next up Automotive Aftermarket Products Expo 11/4-11/6/08 (Las Vegas Baby!) http://aapexshow.com/networkNow/public/Booth.aspx?IndexInList=11&BoothID=116542&FromPage=nz_ALExhibitorSearch.aspx Yup, SpongeTech is an exhibitor!

Others haven't updated their sites yet for 2009 shows.

This is the real deal. Dilution and bank loan issues aside, I think we'll do very will riding the wave here.

Just my contribution to the groups DD.

If and when I'm in the Northbrook area, I'm make sure to stop in to PSM and offer them some, um, web-site help ;)

WP