Replies to post #118835 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[OldTymer]

printmail01, from their original SB-2...

"PROSPECTUS SUMMARY

We are a Delaware corporation which, under the name Nexgen Acquisitions VIII, Inc., on July 15, 2002, entered into a stock purchase agreement with RSI Enterprises, Inc., a New York corporation, and its sole stockholder, RM Enterprises International, Inc. We were not engaged in any business prior to the acquisition of RSI. The acquisition agreement provided that RM transfer the capital stock of RSI for 12,000,000 shares of our common stock. On October 4, 2002, RSI amended its certificate of incorporation to change its name to Spongetech International Ltd. On October 9, 2002, we changed our name to Spongetech Delivery Systems, Inc."

RSI Enterprises was owned by Steve Moskowitz. After merger, they changed their name to Spongetech Int'l, then to Spongetech Delivery Systems. RSI=RM Ent=SpongeTech. It's all the same person: Steve Moskowitz. Dicon has an exclusive contract with SPNG to market their products. As Virtual Drew suggested, the relationship is a lot closer than we imagine. I know it gets confusing, but I think SPNG is in good shape dealing with Dicon.