Spongetech Delivery Systems, Inc. (fka SPNGQ)

[manny t]

SPNG,

For those of you who haven't seen it,here is a video of the presentation by the CEO Metter at last week's conference.

http://hosted.mediasite.com/mediasite/Viewer/?peid=3bf950b23c3d4cd79150b998f17295be

If you can't see what a brilliant salesman and marketing genius this guy is,I suggest you get rid of your investment in SPNG.

Here he mentioned that Oxyclean was bought out with 3 products at 325 million dollars,and SPNG has 25,with over 100 products expected by 2011.
It is interesting that even if you assume all 2 billion SPNG shares have or will be used,the value of this company is 340 million(2 billion X .17 close).We know that the outstanding shares are at least 775 million ,so the company value is substantially less than 340 million.

Once Sponge Bob Sponges come out on the market,this company's name recognition will make Oxyclean look like an unknown,and SPNG's market value will skyrocket.

As the brilliant salesman that he is,CEO Metter is letting you know that he is prepared to sell the company if he can get a high enough price,which would probably take a lot less less time than building the company to that value.
All options are being considered here by management.

Sponge Bob sponges should propel this company into the name recognitionn of MacDonald's or Coca Cola,because every kid is going to ask his parents to buy it.

We don't have too much time to wait.

Good luck to the longs.

Manny