Spongetech Delivery Systems Inc (fka SPNGQ)

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Beacon Equity Issues Trading Outlook for SpongeTech Delivery Systems Inc. *** SPNG comparable to,clorox,arm and hammer/chd,proctor and gamble!!!!

DALLAS, Aug 17, 2009 (GlobeNewswire via COMTEX) -- BeaconEquity.com announces an investment report featuring SpongeTech Delivery Systems Inc. (OTCBB:SPNG). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on SpongeTech Delivery Systems Inc. (OTCBB:SPNG) should be of particular interest to comparable companies: Ecolab Inc. (NYSE:ECL), Clorox Co. (NYSE:CLX), Church & Dwight Co. Inc. (NYSE:CHD) and Procter & Gamble Co. (NYSE:PG).

It is available at: http://www.beaconequity.com/i/SPNG

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SpongeTech Delivery Systems Inc. (SPNG) designs, produces, markets and distributes cleaning products to the consumer through large retail chains. The Company's proprietary sponges contain hydrophilic foam polyurethane matrices and other technologies. The Company's earth-friendly products include children, automobile, pet, health and beauty, kitchen and bath, as well as medical cleaning products. SPNG plans to globally brand its company as America's Cleaning Company.

In the report, the analyst notes:

"In July, SPNG announced it has acquired Dicon Technologies for $4.45 million in cash only. Dicon Technologies is a company that specializes in research and development of products derived from hydrophilic urethane chemistry.

"Dicon currently sells various products, including private label brands for multiple industries through established channels of distribution in the U.S., including traditional food, drug and mass market stores such as CVS, Walgreens, Kmart and Wal-mart, as well as direct sales to large commercial clients, all of which SPNG intends to immediately utilize. In addition to the U.S. distribution, Dicon currently has distribution in Asia."

To read the entire report visit: http://www.beaconequity.com/i/SPNG

See what investors are saying about these stocks at: http://www.stockhideout.com/

BeaconEquity.com is one of the industry's largest small-cap report providers. Beacon strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on Beacon, please visit http://www.BeaconEquity.com

Beacon Equity Disclosure

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. BeaconEquity.com is a wholly owned entity of BlueWave Advisors, LLC which has been compensated fifty-thousand dollars from Pine Mountain Ventures as a marketing budget to manage a comprehensive investor awareness program including the creation and distribution of this report as well as other investor relations efforts. The information contained in our report is not an offer to buy or sell securities. We distribute opinions and information free of charge exclusively to individuals who wish to receive them.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Beacon Equity


By Staff

CONTACT: CONTACT: Beacon Equity Research
Jeff Bishop
(469)-252-3505
[e-mail]

(C) Copyright 2009 GlobeNewswire, Inc. All rights reserved.
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As of Thursday, 08-13-2009 23:59, the latest Comtex SmarTrend? Alert, an automated pattern recognition system, indicated a DOWNTREND on 11-12-2008 for CHD @ $54.49.

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