2009 July 10

SPNG released not one but two press releases today. This stock refuses to quit. Wax on wax off.

Just remember that this was a sub-penny stock not long ago, and it will return to sub-penny levels much sooner than you think.

Both releases are below:

SpongeTech(R) Delivery Systems, Inc. Announces Acquisition of Dicon Technologies

SpongeTech(R) Acquires R&D Company Dicon Technologies

NEW YORK, Jul 09, 2009 (BUSINESS WIRE) — SpongeTech(R) Delivery Systems, Inc., America’s Cleaning Company(TM), (OTCBB: SPNG) is pleased to announce that the Company has acquired Dicon Technologies (“Dicon”), a company that specializes in research and development of products derived from hydrophilic urethane chemistry. The Board of Directors of SpongeTech(R) and Dicon have approved and completed the transaction. SpongeTech(R) acquired Dicon for $4.45 million in cash only. The Company has immediately picked up approximately $10 million in revenues and approximately $1.5 million in pre-tax earning from the acquisition. Dicon currently sells various products including private label brands for multiple industries through established channels of distribution in the U.S., including traditional food, drug and mass market stores such as CVS, Walgreens, Kmart and Wal-mart as well as direct sales to large commercial clients; all of which SpongeTech(R) intends to immediately utilize. In addition to the U.S. distribution, Dicon currently has distribution in Asia.

“Due to the overwhelming increase in sales and demand for our products, we felt the best interest for the Company was to acquire Dicon,” said SpongeTech(R)’s CEO, Michael Metter. “The acquisition of Dicon benefits SpongeTech(R) along multiple parallels. With this acquisition, SpongeTech(R) will obtain the technology that we have had exclusive rights to utilize in the manufacturing of our products and enable a more efficient and expeditious R&D process for the expanding of our product lines. In addition, SpongeTech(R) will acquire all current and future products within Dicon’s portfolio.”

“We are energized at the potential unleashed by the union of our two companies,” commented SpongeTech(R)’s COO, Steven Moskowitz. “The growth of the Company has given us the ability to acquire Dicon without dilution. We believe that this acquisition places SpongeTech(R) in an excellent position to maximize the value of our Company and its future.”

Established in 1975, Dicon Technologies has been researching, developing and producing some of the most innovative and successful products for multiple industries including agriculture, cosmetic, household and medical. Today, Dicon is recognized as an innovator in product development, setting new standards and creating products with far-reaching implications throughout these industries. Headquartered in Black Creek, Georgia, Dicon operates a new, state-of-the-art 30,000 sq. ft. research and manufacturing facility where over 65 researchers, product development and manufacturing personnel work on multiple, current, and future products.

Dicon’s President, Wayne Celia, comments, “We have always strived to create products that are not only technologically advanced but provide the end user benefits unforeseen in previous products in the marketplace. Teaming up with SpongeTech(R) is the perfect solution to providing a strong portfolio of innovative products that management believes will blow the marketplace out of the water.”

Details to the acquisition of Dicon Technologies will be in the Company’s Form 8-K filing at http://sec.gov/.

For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company’s website at: www.spongetech.com.

SpongeTech(R) Delivery Systems, Inc. Reports New Orders in July of $6.9 Million to Date

SpongeTech(R) Continues to See Strong Re-Orders and New Orders from Retailers

NEW YORK, Jul 09, 2009 (BUSINESS WIRE) — SpongeTech(R) Delivery Systems, Inc., America’s Cleaning Company(TM), (OTCBB: SPNG) announced that the Company has secured approximately $6.9 million in new orders for the month of July to date. The successful marketing of SpongeTech(R)’s various products during the summer months are reflected by the continuous re-orders and new orders coming in from our retailers across the globe. SpongeTech(R)’s Car Care, Child Care, Home Care and Pet Care products can be purchased is various retail outlets including drugstores, supermarkets, membership warehouse clubs, and big box stores across the country and on the Company’s website at www.spongetech.com.

In addition to reporting new orders for the month of July, the Company will begin airing its new Uncle Norman’s(TM) Pet Sponge commercial on cable and satellite networks nationally next week. Due to the success of its DRTV marketing campaign on SpongeTech(R)’s Car Care product, the Company has produced a commercial for its Pet Care product line and expects to see the same success with the new commercial. Both commercials will continue to air nationally.

“This has been a great start to our first quarter and we believe we will continue to see strong growth within the Company moving forward,” comments SpongeTech(R)’s COO, Steven Moskowitz. “Our marketing campaign continues to support our retail distribution and we feel that our sell-through rates across our product lines will solidify revenue expectations through the current quarter.”

For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company’s website at: www.spongetech.com

About SpongeTech(R) Delivery Systems, Inc.

SpongeTech(R) Delivery Systems is a company which designs, produces, and markets unique lines of reusable cleaning products for Car Care, Child Care, Home Care and Pet Care usages. These sponge-like products utilize SpongeTech(R)’s proprietary, patent (and patent-pending) technologies and other technologies involving hydrophilic (liquid absorbing) foam, polyurethane matrices or other ingredients. The Company’s sponge-like products are pre-loaded with specially formulated ingredients such as soap, conditioner and/or wax that are released when the sponge is soaked and applied to a surface with minimal pressure. SpongeTech(R) is currently exploring additional applications for its technology in the health, beauty, and medical markets. SpongeTech(R) Delivery Systems, Inc. intends to globally brand its Company as America’s Cleaning Company(TM) .

Safe Harbor Statement

Under The Private Securities Litigation Reform Act of 1995: The statements in this presentation that relate to the Company’s expectations with regard to the future impact on the Company’s results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the Company’s Annual Report on Form 10-KSB for the year ended May 31, 2008, the Company’s Quarterly Report on Form 10-QSB for the Third quarter ended February 28, 2009. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company’s plans or expectations.

2009 March 31

Back in January PGYC was just your average sub-penny stock. You could have snapped up shares for well under a penny. Well those days are gone. PGYC hit $.10 on significant volume. We alerted PGYC well below a penny. I’m sure you wish you had some sub-penny PGYC shares now!

our blog post from January –

I usually shy away from stocks that have big runs because I think that their price appreciation has run its course and the stock is ready to sell-off. In penny stock land the sell-off usually is more painful than the rise in price, because supply at the top always wins out over demand on the way down. A penny stock run that lasted weeks or months can come to a crashing halt in a matter of days or even hours as promoters, company insiders, and the like rush to squeeze every last penny out of the stock before its inevitable demise. The defenseless retail investor who bought at the top on a tip from a “friend” is left to average down with his daughters college money thinking the stock will enjoy the type of gains it had in the past. We all know how that story ends.

With that being said there are numerous times where buying at the top can make you a lot of money. Take DLAV for example. DLAV – Dealer Advance was a dormant company and the stock was thinly traded before it ran from $.0004 to $.04+ a year or so ago. The run took at least a week with many, including yours truly, thinking the run was over with each new high the stock made. But it kept going and going and going. And those who sold out early were the ones crying later.

PGYC pops on the Pennystockguru radar because the chart is showing a sizable increase in volume with a nice pop in price. If I had to guess I say PGYC breaks $.01 tomorrow or Monday and the company releases some news soon. I don’t know this stock well this is all a hunch, but if you look at the chart you will see what I am talking about. This was a $.04 stock a few months back. I see at least $.01 if not $.02 or better within a week. Just a hunch, as is all of the posts here on this blog.

Happy trading.

Canadian Penny Stocks

Canadian penny stocks

Canadian penny stocks are considered to be an awesome investment by experienced penny stocks traders due to booming economy in Canada. Canadian penny stocks rose to popularity while they generated funds for the thousands of Canadian mining exploration companies. Originally, penny stocks were listed almost exclusively on the Vancouver Stock Exchange, until it merged with the Toronto Stock Exchange, to become the Toronto Venture Exchange, or TSX-V. Thousands of penny stocks still trade there, while the larger companies gravitate to the main Toronto Stock Exchange (TSX).

The hottest sector is Marijuana penny stocks. With Marijuana being legalized they are taken off in a big way!


penny stocks canada The listing requirements and reporting regulations on the TSX and TSX-V are demanding. That is one of the reasons why penny stocks on the Toronto Stock Exchange can produce remarkable profits. Penny stock investors can find many high-quality companies trading on these markets.


Penny stocks in Canada continuously show great promises and could become great investments that can grow exponentially in the future. If you are contemplating building up the aggressive portion of your portfolio, you may turn to the higher-risk strategy of buying speculative Canadian penny stocks. But you should make them a small portion of your portfolio and buy them with money you can afford to lose.


The main point is to invest mainly in well-established companies, spread your money across several economic sectors, like Manufacturing & Industry, Resources & Commodities, the Consumer sector, Finance and Utilities, Metals & Minerals, Oil & Gas, Coal & Uranium, Technology, and Biotechnology. These are the best industries for Canadian penny stocks. And – as always – avoid stocks that are hyped by the media.


canadian penny stocks



If you are a US investor, you need to find penny stock brokers that have access to Canadian penny stocks. E*TRADE may be your best alternative. This online broker is able to buy directly on the Canadian exchanges and the commission is around $20. Another good alternative for experienced investors may be Interactive Brokers.


Sometimes high-quality Canadian penny stocks traded on the Toronto Exchange, also list on the Pink Sheets. This process is called interlisting. By interlisting their stocks on an American exchange, these Canadian companies eliminate any currency exchange difficulties and make themselves much more attractive to American investors. These companies are more likely to be legitimate stocks worthy of your consideration. But be wary of poor liquidity and extreme volatility when choosing Canadian penny stocks to buy through the OTC or Pink Sheets in the United States.


Investing in penny stocks can be successful only if you try to stick to stable companies with increasing sales, good management and innovative product ideas. Choosing highly volatile penny stock companies is almost always a bad choice, especially if you are an inexperienced penny stock trader.


Canadian Penny Stocks


As an example, here are a few high-quality Canadian Penny Stock companies worth your attention:


Hinterland Metals, Inc. (HMI) – Precious metal mining in Quebec, Ontario and Yukon areas.


Energy Fuels Inc. (EFR) – Supplying US nuclear power industry through a number of uranium mines located in Utah and Colorado.


Rockridge Capital Corp. (RRC) – Gold mining in the gold richest areas around the world.


Mineral Hill Industries, Inc. (MHI) – Gold mining projects using unique lithium carbonate exploration techniques.


Bellhaven Copper & Gold, Inc. (BHV) – Gold and copper exploration in Columbia and Panama.


Resin Systems Inc. (RSG) – Composite materials for utility and infrastructure industries.


Nuinsco Resources Ltd. (NWI) – Multi-commodity mineral exploration company with projects across Canada and Turkey.

Gulf Resources INC.

Manufacturing bromine and specialty chemical products
Gulf Resources is a leading provider of bromine, crude salt and a portfolio of various specialty chemicals throughout China. Our products are necessary components for China’s flourishing oil and paper-making industries.

Gulf Resources is one of only six companies with a highly coveted Chinese license for bromine exploration, production and distribution. Bromine is a chemical element that is used in the refrigeration, medical, agrochemical, and oil field industries. While the international market is large and growing, China currently consumes all the bromine produced domestically. Gulf Resource will capitalize on the growing demand for bromine with its large proven reserves in Shouguang, China.

In addition to bromine, our company manufactures and supplies crude salt, which is found in large quantities near the bromine brine wells. Gulf Resources also develops numerous specialty chemicals for China’s papermaking and oil & gas industries.

Gulf Resources is aggressively pursuing complementary acquisitions, which coupled with sustained organic growth, will help us become a dominant worldwide player in the bromine and specialty chemical industries.

Penny Stocks – Guide to find the Winners

Penny Stocks are very low priced stocks and are often regarded are worthless. Many of the stock investing firms believe that investment into penny stocks is dangerous and should always be avoided. This is due to the reason that penny stock trade is a risky proposition for the investors and traders and has a less success rate. Penny stocks are risky because they have low trading volumes, high price volatility and danger of getting delisted from the stock exchange.

Moreover, these small companies stocks are not media friendly, so not many people know about these companies and stocks. These stocks move irrespective of share market movement and hence very difficult to predict. The application of investment ideas and strategies in penny stocks are altogether different from that of big companies stocks.

In spite the various rick and short comings, Penny stocks are always on the radar of the big investment firms and even the small investors. They have potential to provide huge returns to the shareholders in very quick time, which is almost impossible in case of other big stocks. It is assumed form these things that “Today’s blue chip was once a Penny Stock”. click here read about penny stock software.

All it needs is the identification that potential penny stock, which can be future’s blue chip. It is not that all easy because picking the right stock is like hitting the bull’s eye. Below are some of the special guidelines to choose the right penny stock, which can benefit you:

  1. Selecting Right Stock – Fundamental Analysis: Fundamental analysis ensures the analysis of company’s business, rather than the stock. The long term investment must be based on the fundamental research and analysis of the company. The major investor in stock market, Mr. Warren Buffet, believes only fundamental analysis for selection of his stock for investment. The fundamental analysis ensures various aspects of business, these are as below:
  • Product: Product is an item that is offered for sale. It can be a service also. It needs to analyze that whether the product of company is well accepted in the market and also it must be a visible one. Many startups have been opened their business with new product or services that are not well recognized in the market. An investor must complete the whole analyses regarding the company’s product.
  • Profitability: Profitability is a key for every business. If a business is doing well, the profit is ought to be healthy. An investor must look out for the companies who have shown profits in the past years and have potential to produce the same in future too. Along with profits, the debt level of the company is also a key consideration. Higher the debt more is the risk.Penny Stocks – Guide to find the Winners
  • Resilience; There are many factors of concern for any business. These factors can be like higher interest rates, inflation, rise in crude oil prices etc. The company must be efficient enough to withstand these external factors that affect the business.
  • Management: It needs to be analyzed that whether the management is competent enough to manage the business. The promoters must have majority of the shareholding of the company, to ensure their vested interest into the business of the company.
  1. Selecting Right Stock – Technical Analysis: Another important instrument for selection of the right stock is the Technical Analysis. Technical analysis involves forecasting the stock price based on the graphs. Various graphs are explored like price movement chart on daily, weekly and monthly basis, trading volumes, combined price and volume chart etc. The major technical indicators used in this analysis are like moving averages, trend analysis, support and resistance, momentum, over bought and oversold levels, relative strength and some stock patterns like head and shoulders etc. This analysis basically enables to study the trend of the stock price and accordingly the target and stop loss levels are predicted.

The technical charting is also very helpful to study other various aspects like:

  • Selecting Best stock among the Sector: All the stocks are compared in a single graph, showing their respective stock price movement over a said period of time. It is also possible to compare their movement chart with share market index movement. This help in analyzing the price movement in comparison with all the stocks of same sector and also with the index. This enables to pick the best stock in that industry.
  • Timing of Trade: Various graphs patterns are analyzed to access the support and the resistance levels of the stock. Support level is where a particular stock finds support at lower level or demand of stock increases. Resistance is where the stocks finds selling pressure at higher levels or where supply is generated. It helps in spotting the buying and selling levels for the stock i.e. buying at support level and selling at resistance level.

Penny Stock Market Software

Stock market is full of uncertainties. There are several factors whether domestic or international, that affects the stock market movement. On any particular day, the stock market is looking positive and another day due to any uncertainty happening, the stock market can take opposite move.

Trading into penny stocks are more risky compared to midcap or large cap stocks. Penny stocks are stocks of small companies trading at very low price per share. Although penny, these are very risky trade due to many reasons like low capitalization, high volatility, low trading volumes etc.

Due to riskier proposition, traders and investors are advised to trade cautiously in penny stocks. One of the best alternate to handle the penny stock is the penny stock market software, specially designed for its trade. It is designed to assist the traders and investors in number of following ways:

Penny Stock Market Software

  1. Choice of Stock: There is large number of penny stocks trading in the stock market. It is very difficult to choose the best out of the lot because these penny stocks have very less success ratio. On an average only one out of hundred penny stocks is successful in giving returns and rest just a nightmare for the traders. The software specifically designed for penny stocks help traders to find the best stock. They assist in providing with many important analyses like market data, stock price movement, its trading volumes, current news etc.
  2. Timing of Trade: After choosing the stock, the next important factor for trading or investing is the timing factor. Both buying and selling require accurate timing. The penny stocks have high volatile movement, any wrong footing may make trader to purchase the stock at premium or sell at discount. The software applications help in giving the accurate timing of trade by automating some of the processes that comes with trading.

Penny Stock Market Software (Part 2)

Some of the more ways of making the penny stock trade easy and profitable by penny stock market software are:

  1. Stock Price Movement: It is very important to keep a track of the stock price movement especially in case of penny stocks. These are very volatile trade and the software help traders to keep the track of all the penny stocks trade in the portfolio. The software is designed inculcating various technical aspects which alert the trader in case of any precarious stock movement. The best thing is that it not only alerts the trader but also provide recommendation to buy, sell or hold the stock position.Penny Stock Market Software (Part 2)
  2. Tracking the Portfolio: The situation is more precarious when a trader holds multiple penny stocks in his portfolio. The percentage gain or loss in any single day is huge as penny stock has high price volatility. There can be cases where profits from all penny stocks in portfolio are offset by a major loss in any single stock of that same portfolio. The net worth remains the same but that single loss making stock needs immediate attention. The software help in tracking the penny stock portfolio. It provides various reports which are helpful to track how much you are making and monitor where everything is going.
  3. Monitoring Trading Volumes: The penny stocks generally trade on very thin volumes. The penny stocks are easily prone to speculations and scams, the major practice is the pump and dump scheme. A trader or investor of penny stock need to be cautious of such unfair trading practice by large brokerage firms. The penny stock market software application monitors the trading volumes of the penny stocks in the portfolio. It helps in alerting the user in case of any fluctuation in stock trading volumes.

Penny Stocks – Tips to pick for Maximum Profits

Penny stocks have a hidden potential of providing huge profits to investor and traders. The potential is hidden because you have to choose the best penny stock out of thousands of them trading on the stock exchange. The average success rate of the penny stock is quite low and that is the reason these are a risky bet. The penny stock movement is high in percentage terms and is irrespective of the stock market movement. There are special tips for the penny stock traders and investors to pick the right penny stock for them to minimize the risk and maximize their profits.

Penny Stocks - Tips to pick for Maximum Profits

The special tips are as follows:

  1. Get the Tip from Right Place: There are large numbers of sources of getting the stock tips, especially in case of penny stock. Investor must be cautious and make sure the source of getting the recommendation must be authentic. The risk is so huge that any wrong trade into penny stock may ruin the whole investment. There are many paid newsletters and websites giving premium tips having long history of producing the winners.read more information about penny stock at http://gulfresourcesco.com/penny-stocks-guide-to-find-the-winners/
  2. Avoid Scam blogs: The Penny stocks are always on the radar of scammers and fraudsters. Investor or trader is advised to avoid reading the blogs on penny stocks. These blogs are generally the source of misguiding the general public. False statements are published to attract buying of masses and artificially inflate the stock price.
  3. Do not Listen to Promoter: Promoters of these small companies need funds for expansion of their business. Quite often it is observed, the promoters of the company providing the misleading and false positive statements. Various fake press releases and false statements and commitments on company’s website are commonly practiced. It is done to attract public confidence and artificially inflate stock price, hence trapping the small investor to sell them at higher prices.

Top Penny Stocks Tips

Stock market investment or trading is always difficult as it is not easy to understand stock market moves. It is even more difficult when it comes to penny stock trade. They are more risky proposition compared to small cap and large cap stocks. Penny stocks have different nature and their price move is not correlated to index. That is the reason, investor need to be bit cautious and need some special trading tips to minimize the risk factor and maximize the profits.

The 3 top penny stocks tips are as follows:

  1. Never make an overnight position: The penny stocks are highly volatile stocks. The stock price movement is so volatile that it can touch an upper or lower circuit of 20% in a day. Traders are advised to strictly cut down their holding the same day and not to carry any buying position for the next day. The penny stocks are mostly news driven stocks. Any news, positive or negative can easily make the stock to touch the circuit on either direction.Top Penny Stocks Tips
  2. Penny Stock Day Trading: Most of the traders trade the penny stock on intraday basis and had made lot of money. These penny stocks are low priced but tend to show huge percentage move either side. Day traders can both buy or short sell the stock on intraday basis. There are many paid premium newsletters recommending the stocks that have past history of producing winners.
  3. Use Stop Loss to Minimize Loss: The biggest risk in the penny stock trade is they are highly volatile. They show wide fluctuations in stock price on either direction. It is advised that the traders must use stop loss while trading. While using stop loss, it must be ensured that risk to reward ratio should be in favor of the trader.