Spongetech Delivery Systems, Inc. 

(Public, OTC:SPNG)   Watch this stock   
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Key stats and ratios

Q1 (Feb '09) 2008
Net profit margin 11.49% 22.07%
Operating margin 17.42% 22.08%
EBITD margin - 22.37%
Return on average assets 30.67% 43.39%
Return on average equity 32.98% 48.09%

Address

10 West 33rd Street, Suite 518
New York, NY 10001
United States - Map
+1-212-6957850 (Phone)

Website links

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Description

Spongetech Delivery Systems, Inc. designs, produces, markets and distributes cleaning products for vehicular use utilizing technology relating to sponges containing hydrophilic, or liquid absorbing, foam polyurethane matrices and other technologies. Its products can be pre-loaded with detergents and waxes, which are absorbed in the core of the product then gradually released during use. It has designed and is conducting additional research and development for products and applications using hydrophilic technology and other technologies for kitchen and bath, health and beauty, auto, medial and pet use. In July 2009, the Company expanded its operation into Europe, forming SpongeTech Europe. In July 2008, the Company incorporated six wholly owned subsidiaries, Spongetech Kitchen & Bath, Inc., Spongetech Health & Beauty, Inc., Spongetech Auto, Inc., Spongetech Medical, Inc., Spongetech Pets, Inc. and America’s Cleaning Company. In July 2009, the Company acquired Dicon Technologies.

Officers and directors

Michael Metter
President, Chief Executive Officer, Director
Age: 56
Steven Moskowitz
Chief Financial Officer, Chief Operating Officer, Treasurer, Secretary, Director
Age: 44
Frank Joseph Lazauskas
Director
Age: 48