Spongetech Delivery Systems Inc (SPNG)

Spongetech Delivery Systems Inc (SPNG) Riding Recession
Advertisement: "Sales*35.06 Mil
Income*5.97 Mil
Sales Growth*+10,141.80%
Income Growth*+700.50%
Net Profit Margin17.01%"
0.21 0.00 -0.52%
Previous Close 0.21 Bid 0.21
fyi Open 0.20 Bid Size 5,000
Day's High 0.22 Ask 0.21
Day's Low 0.20 Ask Size 5,000
Volume 101.07 Mil 52 Week High 0.29
Avg. Daily Vol. (13 wk.) 94.06 Mil 52 Week Low 0.01
Smarter Sponge™”, (OTCBB: SPNG - News) is pleased to announced that the Company has booked approximately $70 million in orders during the first quarter of FY ‘10; having another record month bringing in approximately $29 million in new orders for the month of August compared to July's orders of approximately $23.5 million. As SpongeTech has matured its sales and distribution channels, we can now appreciate a “seasonal effect” on the demand for our specialized products. Our fiscal Q1 which occurs between June and August is typically the timeframe for winter and holiday season pre-orders from retailers. The tremendous growth that the Company is experiencing this quarter has been partially due to increased commercial demand for out complete line of medical and household cleaning products from school systems as well as sporting venues. We feel that this demand is likely in response to the high level of awareness surrounding the upcoming flu season in the northern hemisphere.
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