SpongeTech Delivery Systems Inc. (SPNG.OB) Reports Fiscal Year End Results
SpongeTech Delivery Systems Inc. (SPNG.OB) is a company which designs, produces, and markets innovative, cost-effective, and environmentally sensitive sponge-based cleaning products. These sponge-based products utilize SpongeTech's proprietary, patented technologies involving liquid absorbing foam and polyurethane matrices. The company's sponges are specially configured with an outer contact layer and an inner matrix. The sponge's inner matrix comes pre-loaded with specially formulated soaps that are released when the sponge is wetted and applied to a surface with minimal pressure. SpongeTech's current product line includes products for car care and pet care. The company is exploring additional applications for its technology including an…