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Stock News & Blog

(SPNG) - SpongeTech Delivery Systems, Inc.

SpongeTech(R) Launches Corporate Website

08-24-09

Penny Stock Profiles

Spongetech Delivery Systems, Inc.

Spongetech Delivery Systems, Inc. designs, produces, markets and distributes cleaning products for vehicular use utilizing technology relating to sponges containing hydrophilic, which are liquid absorbing, foam polyurethane matrices. The Company's products can be pre-loaded with detergents and waxes, which are absorbed in the core of the sponge then gradually released during use. The Company licenses the rights to manufacture and sell its products from H.H. Brown Shoe Technologies, Inc. (doing business as Dicon Technologies), the holder of the relevant patents relating to the hydrophilic sponges. The Company has designed and Dicon Technologies is conducting research and development for products using the same hydrophilic technology for bath and home use.

Stock Symbol: SPNG