Spongetech Delivery Systems, Inc. (fka SPNGQ)

[overachiever]

over 28% of customers are in the US.. and that number should and will grown on the 10k. yet you come up with this 99.4% number... Can you please explain where this number comes from?


In the last 10Q filed April 20th, the company made this statement.

"For the nine months ended February 28, 2009, six (6) customers, SA Trading Company, Dubai Export Import Company, Fresco Sales Corp, US Asia Trading, New Century Media and Walgreens accounted for 99.4% percent of our sales."

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6548765

The problem is that these customers (other than Walgreens) have no footprint. It has been said they are foreign distributors, however it appears that at least three of them are all from Illinois and one of may be run from someone's apt. VERY FISHY to say the least. Metter and Moskowitz may be guilty of trying a "fake it till you make it" business plan. A VERY BIG NO NO with a public company.


Posted by: ttattletell Date: Monday, June 01, 2009 11:37:03 PM
In reply to: Ogclip © who wrote msg# 95974 Post # of 128743

Illinois Department Of Revenue has no record of taxes filed for New Century Media...SA Trading is DISSOLVED, and Dubai Export Import is located in Apartment 2N at 9016 LA CROSSE AVE in Skokie IL...

No shipping records whatsoever for Dubai Export Import on the iealing.com website...

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38313498

Posted by: Ogclip © Date: Monday, June 01, 2009 11:30:22 PM
In reply to: sonystyle who wrote msg# 95958 Post # of 128743

Yes.. Steven Moskowits provided me with a link to "SA TRADING COMPANY," but they have NO affiliation with Spongetech... Here is a link to the SITE provided to Soapybubbles, which was the same link I was provided..

(Thats funny.. The site doesn't even work now)

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36317266&txt2find=sa|trading|company


New Century Media was the second company.. I contacted them Via Email, and they had no clue what I was talking about.

Last was Dubai Export Import Company - Unfortunately no such company exists..


What i found most amusing is that all three business are said to be foreign companies yet all three were registed in Illinois... Very strange..

CORPORATION FILE DETAIL REPORT--
Entity Name DUBAI IMPORT & EXPORT, INC. File Number 66320766
Status ACTIVE
Entity Type CORPORATION Type of Corp DOMESTIC BCA
Incorporation Date (Domestic) 10/29/2008 State ILLINOIS
Agent Name HUDA A. ALSHAIKHLI Agent Change Date 10/29/2008
Agent Street Address 9016 LA CROSSE AVE 2N. President Name & Address
Agent City SKOKIE Secretary Name & Address
Agent Zip 60077 Duration Date PERPETUAL
Annual Report Filing Date 00/00/0000 For Year
***************************************
Entity Name NEW CENTURY MEDIA GROUP, INC. File Number 65636891
Status ACTIVE
Entity Type CORPORATION Type of Corp DOMESTIC BCA
Incorporation Date (Domestic) 07/09/2007 State ILLINOIS
Agent Name LOUIS V. PAVONE Agent Change Date 07/09/2007
Agent Street Address 1920 SOUTH HIGHLAND AVENUE President Name & Address JOSEPH J. LOSS 1920 S. HIGHLAND AVENUE LOMBARD 60148
Agent City LOMBARD Secretary Name & Address SAME
Agent Zip 60148 Duration Date PERPETUAL
Annual Report Filing Date 06/18/2008 For Year 2008
***************************************
Entity Name SA TRADING INC. File Number 50220338
Status DISSOLVED
Entity Type CORPORATION Type of Corp DOMESTIC BCA
Incorporation Date (Domestic) 04/16/1973 State ILLINOIS
Agent Name MASARU FUNAI Agent Change Date 12/19/1988
Agent Street Address 1 E WACKER DR President Name & Address RYOHEI SHIBAMOTO 4-9-17 DEN-EN-CHOFU OHTA-KU TOKYO JAPAN
Agent City CHICAGO Secretary Name & Address VOLUNTARY DISSOLUTION 12 21 90
Agent Zip 60601 Duration Date PERPETUAL
Annual Report Filing Date 03/21/1990 For Year 1990
Old Corp Name 09/17/1990 - SHIBAMOTO AMERICA, INC.

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