New York-Foam cleaning product developer Spongetech Delivery Systems Inc. announced 14 Dec that its shares are now quoted on NASDAQ's Over-the-Counter Bulletin Board.
Claiming to be "very excited that our shares are now quoted on the OTCBB," Michael Metter, president, added, " Obtaining OTCBB status is an integral part of our company's growth strategy, allowing us access to additional capital markets."
Spongetech makes cleaning products for vehicles using what it calls, "patented technology relating to hydrophilic sponges."
The company says its sponges use liquid-absorbin polyurethane foam matrices and are specially configured with an outer contact layer and an inner matrix. "This inner part is loaded with specially formulated soaps and wax that are released when the sponge is applied to a surface with minimal pressure," Spongetech said.
According to Spongetech, it is exploring using its patented technology for other uses, including sponges with anti-bacterial, bath and kitchen soaps for household uses, as well as children's bath foam sponges."