SPONGETECH DELIVERY SYSTEMS (SPNG) news stock charts
SPONGETECH DELIVERY SYSTEMS (SPNG/SPNG.OB) Investment Summary:
SpongeTech Delivery Systems, Inc. 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.SPONGETECH DELIVERY SYSTEMS (SPNG:Pink OTC Markets Inc)
Snapshot of SPONGETECH DELIVERY SYSTEMS (SPNG)
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OPEN
$0.04
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PREVIOUS CLOSE
$0.03
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DAY HIGH
$0.04
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DAY LOW
$0.03
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52 WEEK HIGH
06/12/09 - $0.29
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52 WEEK LOW
01/21/10 - $0.0030
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MARKET CAP
22.4M
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AVERAGE VOLUME 10 D
3.4M
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EPS TTM
--
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SHARES OUTSTANDING
722.9M
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SPNG Does Not Pay Dividends
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P/E TTM
--
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| K = Thousands M = Millions B = Billions | ||
Key developments for SPONGETECH DELIVERY SYSTEMS (SPNG)
SpongeTech Delivery Systems, Inc. announced that the Company has completed the design and development of SpongeTech's Pink Panther Children's Soap Filled Bath Sponge. The new Pink Panther Children's Soap Filled Bath Sponge product will be in production shortly and will be available in Spring 2010. Pink Panther is an animated character that originally appeared in the opening and closing credit sequences of the 1963 live-action feature film "The Pink Panther". This "cool cat" starred in 126 of its own short animated films, as well as numerous television shows, all set to instantly recognizable theme music composed by Henry Mancini.
SpongeTech Delivery Systems, Inc. has signed a three-year marketing partnership with NBA team, the Charlotte Bobcats. Elements of the marketing partnership include television and radio advertisements, website presence, rotational signage placement, premium item giveaway opportunities, and new retail opportunities for SpongeTech. One of the most unique elements of the partnership is a VIP car wash for premium ticket holders, who will get their cars washed with SpongeTech products during select home games.
SpongeTech Delivery Systems, Inc. announced that Deloitte LLP has notified the Company that it would not act as SpongeTech's independent registered public accounting firm for the Company's fiscal year ending May 31, 2010. Deloitte was scheduled to commence its review of the Company's financial statements for the quarter ended August 31, 2009, immediately following the filing of the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2009.
SPONGETECH DELIVERY SYSTEMS financial resources
SPNG Competitors
| Company | Last | Change | |
| No competitor information is available for SPNG. | |||
| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | SPNG | Industry Range |
| Price/Earnings | 2.9x |
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| Price/Sales | 1.0x |
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| Price/Book | 1.9x |
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| Price/Cash Flow | 3.7x |
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| TEV/Sales | 0.6x |
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SPNG |
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SPNG transactions
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| No transactions in the last 6 months. | ||