Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

Scion,
This appears to have been filed subsequent to your post.
I have been under the impression that the information in it formed the basis for the need to "buy" Dicon. Am I mistaken? Was the license re-established at some point?

http://sec.gov/Archives/edgar/data/1201251/000114420407054263/v090256_10qsb.txt

Our license agreement with H.H. Brown Shoe Technologies, Inc., (d/b/a Dicon
Technologies), which owns the patent rights to the technology related to
hydrophilic sponges expired in December 2006. In addition, Dicon has closed its
manufacturing operations and sold off its equipment. Our products are currently
being manufacture through Dicon who has outsourced the production to its
partners in the US and China on an order per order basis. However, we have not
entered into an agreement with Dicon or its partners for the manufacture of our
products. We have also been contacted by the third parties that have purchased
Dicon's equipment. However, we have not entered into any agreements with these
parties for the manufacture of our products. There can also be no assurance that
we will be able to enter into agreements with these parties on the same terms
and conditions as our prior agreement with Dicon. We have entered into an oral
agreement with Zanora Corp. of China, to produce our products using
encapsulation technology instead of technology relating to hydrophilic sponges.
The end-result is a product that is functionally the same as that manufactured
using Dicon's patented hydrophilic technology. The lead time on products
manufactured by Zanora Corp. is 3-4 months. There is no assurance that we will
be able to maintain sufficient inventory on hand to fulfill orders which require
delivery in less than 3-4 months. If we are unable to delivery products to
customers timely, we may lose these customers. Due to our limited operations,
the loss of any one customer will have a significant effect on our business.