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Article: SpongeTech(R) Delivery Systems, Inc., President and CEO, Michael L. Metter; Clarification Statement to Our Shareholders and All Interested Parties.
- Article from:
- PR Newswire
- Article date:
- August 12, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SpongeTech(R)'s President and CEO Releases Statement
NEW YORK, Aug. 12 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery Systems, Inc. (BULLETIN BOARD: SPNG) President and CEO of SpongeTech(R), Michael L. Metter, states, "The last audited financials for our 2007 fiscal year, which ended May 30, 2007, shows very clearly that we did under $100,000 in revenue. The 2008 year that has just ended May 31, 2008, which we will be reporting on shortly, will show in excess of $5.3 million and will be very profitable. Respectfully, what bank, or investment-banking source, would lend us significant capital to grow our business with such a short track record without major ...
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