Spongetech Delivery Systems, Inc. (fka SPNGQ)

[puppydotcom]

The Marvel agreement requires that SPNG provide documentation for their Marvel-related sales (and an upfront royalty payment). I imagine that it is possible that ID had a similar requirement and could determine from SPNG provided documents what they are owed. Then again, it's just as easy to argue "why would SPNG provide documentation for royalties that essentially amounts to invoicing themselves"?



On January 30, 2008, the Company entered into a production agreement with an unrelated party (“Marketer”) to produce and manage a television campaign of a broadcast quality commercial for various broadcast lengths in consideration for the payment of royalties aggregating 5% on all worldwide retail sales less loss on any returns or uncollectible accounts from orders obtained through the Marketer’s efforts.

http://74.125.155.132/search?q=cache:VCDwUAnMI0sJ:studio-5.financialcontent.com/edgar%3Faccesscode%3D114420408022423+infomercial,+royalties,+spongetech&cd=3&hl=en&ct=clnk&gl=us&client=firefox-a



Incredible Discoveries Chooses SpongeTech Delivery Systems, Inc. over 20 other companies!!


http://www.allbusiness.com/services/business-services/4515598-1.html