We have featured this stock before but here it comes again. SPNG – Spongetech seems to be in heavy play. Emerging from just pennies, this stock has nothing but positives in its future. The growth of the company this year is expected to blow away its last year’s sales and revenues.
The company is now becoming a mainline player with national and international ads running and this will include major golf and other sporting events.
While the company is still in its beginning years, that is a positive for us. They have yet to even launch their other divisions. The release of the “SpongBOB” children’s product line we think we will surely land them in Walmart stores at some point in the next 4 quarters.
What is the target price on this stock?
We really can’t call it on this one. It has such an upside potential it is hard to say. $2, $4, maybe more. All we know is that they have very long term growth for the long term ahead.

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.

View admin's Profile      Subscribe via RSS