Spongetech Delivery Systems, Inc. (fka SPNGQ)

[printmail01]

Spongetech Delivery Systems Inc. (OTCBB: SPNG) designs, produces, and markets unique lines of reusable cleaning products for car care, child care, home care, and pet care usages. These sponge-like products utilize SpongeTech's proprietary, patent (and patent-pending) technologies, and other technologies involving hydrophilic (liquid absorbing) foam, polyurethane matrices, or other ingredients. The company's sponge-like products are pre-loaded with specially formulated ingredients, such as soap, conditioner, and/or wax that are released when the sponge is soaked and applied to a surface with minimal pressure. SpongeTech Delivery Systems is exploring additional applications for its technology in the health, beauty, and medical markets. It plans to globally brand its company as America's Cleaning Company. The company was founded in 1999 and is based in New York, New York. With 722.87 million shares outstanding and 108,200 shares declared short as of June 2009, there is a failure to deliver in shares of SPNG. According to quarterly data provided by the SEC, there were still 5,289,804 shares of SPNG that were failing-to-deliver as of June 12, 2008.

http://cobrand.knobias.com/otcbb/story.htm?eid=3.1.b68f59b0f1ca64d2cf38e9f22b03cbacfa5cbb507efad35817778a9dc9264300