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Written by Emerging Issuer   
Thursday | 05 June 2008
Spongetech Delivery Systems Inc. Banner
  SYMBOL: (OTCBB: SPNG)
 
Interview with Spongetech Delivery Systems Inc. CEO,
Mr. Michael Metter.
 

ADDRESS

The Empire State Building
350 Fifth Avenue
Suite 2204
New York, NY 10118

Phone: (212) 594-4175

Website:  http://www.spongetech.com/

 
MANAGEMENT TEAM
 
Michael Metter, Chairman/CEO/President

Steven Moskowitz, COO/CFO/Secretary

Frank Lazaukas, Director
 
 
COMPANY OVERVIEW
 
SpongeTech(R) Delivery Systems is a development stage company, which designs, produces, and markets a unique line of reusable cleaning products for household use. These sponge-based products utilize SpongeTech(R)'s proprietary, patent (and patent-pending) technologies involving hydrophilic (liquid absorbing) foam and polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, the latter of which comes pre-loaded with specially formulated soaps and wax that are released when the sponge is wetted and applied to a surface with minimal pressure. The Company's current product line is designed for Car Care and Pet Care, however, SpongeTech(R) is currently exploring additional applications for its technology including an anti-bacterial, kitchen and bath cleaner, as well as a unique 'foaming' bath sponge for children.
 
BUSINESS SUMMARY
 
SpongeTech® Delivery Systems, Inc., formed in 1999, set out to design, develop, and deploy a broad-based series of branded and private label packaging solutions for consumer products and industrial applications. The Company’s vision is to offer innovative, cost-effective, and environmentally sensitive packaging and product delivery solutions through its exclusive, patented packaging technology. The focus is on earth friendly products.

SpongeTech® Delivery Systems, Inc, is a company which designs, produces and markets innovative, cost-effective, and environmentally sensitive packaging and product delivery solutions through its exclusive patented packaging technology. These sponge-based products utilize SpongeTech®'s proprietary, patent (and patent-pending) technologies involving hydrophilic (liquid absorbing) foam and polyurethane matrices. The Company’s sponges are specially configured with an outer contact layer and an inner matrix, the latter of which comes pre-loaded with specially formulated soaps and wax that are released when the sponge is soaked and applied to a surface with minimal pressure. The Company’s current product line is designed for Car Care and Pet Care. However, SpongeTech® is currently exploring additional applications for its technology including an anti-bacterial, kitchen and bath cleaner, as well as a unique ’foaming’ bath sponge for children.

SpongeTech® has formed 5 wholly-owned subsidiaries they are:
  1. SpongeTech® Auto, Inc.
  2. SpongeTech® Pets, Inc.
  3. SpongeTech® Health & Beauty, Inc.*
  4. SpongeTech® Kitchen & Bath, Inc.*
  5. SpongeTech® Medical, Inc.*
To date, products have been introduced for the SpongeTech®Auto, Inc. and SpongeTech® Pets, Inc. Products. Upcoming is the launching of the SpongeTech® Health and Beauty Child Care Products. The SpongeTech®Kitchen & Bath, Inc. and SpongeTech® Medical, Inc. and SpongeTech® Health & Beauty, Inc. products are in development.

Management also continues to support certain charitable organizations, such as The Darryl Strawberry Foundation and Autism foundations.

SpongeTech® Delivery Systems, Inc. is a publicly traded company on OTC Bulletin Board Exchange (OTCBB): SPNG.OB.

* These product divisions are currently under development
 
Last Updated ( Monday | 21 March 2011 )
 
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