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."
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.
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...
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..
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.
We are apt to shut our eyes against a painful truth... For my part, I am willing to know the whole truth; to know the worst; and to provide for it. --Patrick Henry, Patriot and Hero of the American Revolution
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.