Dow Jones 12244.49 -24.59 7:50 am PDT, June 17, 2008 NASDAQ 2472.45 -2.33 For info, visit access.smallcapnetwork.com S & P 500 1359.76 -0.38 Change your subscription status here Russell 2000 737.76 -2.98 VOLUME 08 : ISSUE 56 In This Edition... We've got two big news items from two of our small cap stocks today. I think one of the announcements should get the stock past a weakening resistance line once and for all. The other announcement was something I pretty much saw coming, based on the the company's publicity history. If they maintain the pattern, we should see one more piece of 'grand finale' news soon. First though, I want to mention a couple of blog entries I think are worth a closer look on your part. The first one is the rejuvenation of Voyant International (OTCBB: VOYT) shares following a wild swing. The second is the ongoing daily analysis of the market's indices, found in the 'Current Market Call' column. This is a tentative time for stocks, so I'm offering as much perspective as I can as often as I can. Now, on with the more pressing news...    SpongeTech Rubs Elbows With the Right Company  You know how I've always said there are two messages being delivered in a press release? There's the obvious one - the stated message. Then there's the bigger one - the one where you have to read between the lines to get a grip on 'why' the company is making the announcement at all. I don't think today's news from SpongeTech Delivery Systems (OTCBB: SPNG) is any different. The news is straight-forward ...they've hired R.F. Lafferty to act as a consultant in their business expansion (which has been enormous so far).  Some of you may not be familiar with R.F. Lafferty. In a nutshell, they're a boutique brokerage firm with the ability to do a lot of things...much more than just brokerage. They do investment banking, money management, and obviously consulting. They've been around a while, and more importantly, they've made a pretty good name for themselves in their niche. In other words, they're a pretty good partner to have - they should be able to add a powerful dimension to SpongeTech's progress. Like I said though, there's always more to the story... What wasn't so explicit in the press release was the kinds of business contacts Lafferty has gathered through their 62 years of existence. They're pretty well connected to other centers of influence. If SpongeTech is looking for strategic expansion partners (and it looks like they are), I suspect they'll greatly benefit from being associated with Lafferty. Where I think this is all going is simple - even more expansion. SpongeTech has already been putting up triple-digit growth numbers. If they can make a few more connections under Lafferty's guidance, I think their top and bottom lines could exceed anybody's initial expectations. That's what the news release has me thinking anyway ...something big is brewing. As for the stock, do I even need to say it? The 5 cent mark is still the key hurdle from my point of view. We've cracked it a couple of times, and volume continues to rise behind the rallies. I think today's announcement could push SPNG past 5 cents for good. I hope you're already in a trade, as this company remains one of the most undervalued I've seen in a long time. They're getting real results - and earnings real profits - right now, but the P/S ratio remains under 0.5. I don't think that's going to last forever though. Once the market figures out how much SPNG is worth, I still think 5 cents will be a faded memory. The full news release is below.    Spicy Pickle Right on Cue  Yep, this is what I was talking about last week. When Spicy Pickle Franchising (OTCBB: SPKL) dropped some news out of nowhere last Wednesday, it reminded me of a pattern they've been making ...their news comes in waves, and the news gets bigger as each wave gains momentum. If the pattern is repeated, the best is yet to come. Today's the second installment in the wave. Last week we learned the company had opened store #40 - a company-owned restaurant in Denver, Colorado. Today they announced #41 has opened. This one is a franchise located on Edmond, Oklahoma - the state's first. It's not likely to be the state's last though...the franchisee purchased rights to seven units, and the hunt for his second location has already started. Spicy Pickles can now be found in 13 states. What's the underlying message with this press release? The same one as always - progress no matter what. We've seen market turbulence, economic turbulence, and just about every other kind of turbulence you can think of over the last six months, yet Spicy Pickle just keeps on growing. I think it's a testament to the quality of the concept. Like I said above though, I suspect this is a pre-curser to something bigger; this news is just meant to stir the pot a little bit (which it does).  Speaking of news out of nowhere, we haven't heard much from Bio-Matrix Scientific Group (OTCBB: BMSN) lately either. By my calendar, the licensing inspection they were waiting for could come any day now. The fact that they've been fairly quiet of late makes me wonder if this is the calm before the storm. Remember, we're not going to know about a successful inspection until after the fact. If they do receive their license though, the stock could pop immediately and not look back. (In the meantime, our early investors have already been rewarded with about a double in the stock's value.) Here's the SpongeTech news.    SpongeTech(R) Delivery Systems, Inc. Retains R.F. Lafferty & Co., Inc. Tuesday June 17, 9:40 am ET  NEW YORK, June 17/PRNewswire-FirstCall/ -- SpongeTech(r) Delivery Systems, Inc. (OTC Bulletin Board: SPNG) a company focused on the design, production, marketing, and distribution of cleaning products for home care, car care, pet care, and health and beauty aids, utilizing patented technology relating to hydrophilic sponges, announced today the company has engaged R.F. Lafferty & Co., Inc. as a consultant to assist the company in investigating and evaluating various strategic alternatives and alliances that may be synergistic with the company's current operations and business plan, including acquisitions and/or investment opportunities.  "We are very excited to have teamed up with R.F. Lafferty & Co., Inc. and believe that with their expertise in the financial industry they will be able to enhance our ability to fully execute our business plan," said Michael Metter, the President and CEO of SpongeTech(r) Delivery Systems. Mr. Metter continued to say, "We have made monumental progress in expanding our business and look forward to continuing to expand further with the guidance of our strategic partner, R.F. Lafferty." We are excited to have the opportunity to work with SpongeTech(r) Delivery Systems Inc. as they rollout their unique, patented product lines" said Robert Hackel, Managing Director of R.F. Lafferty & Co., Inc. "Steven Moskowitz, Michael Metter and their team at SpongeTech(r) Delivery Systems Inc. have proven themselves to be marketing specialists who understand what must be accomplished in the retail and institutional space. With the business acumen and array of products they possess, we are excited to be a part of their future." Investor Relations at 1-877- SPONGE T and ask for Bill Young or visit the company website at: www.spongetech.com.  About SpongeTech(r) Delivery Systems, Inc.  SpongeTech(r) Delivery Systems is a development stage company, which designs, produces, and markets a unique line of reusable cleaning products for the automotive aftermarket parts industry. These sponge-based products utilize SpongeTech's(r) proprietary, patent (and patent-pending) technologies involving hydrophilic (liquid absorbing) foam and polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, the latter of which comes pre-loaded with specially formulated soaps and wax that are released when the sponge is wetted and applied to a surface with minimal pressure. The Company's primary product line has been designed specifically for automotive/vehicle applications, however, SpongeTech(r) is currently exploring additional applications for its technology including an anti-bacterial, kitchen and bath cleaner, as well as a unique 'foaming' bath sponge for children.  About R.F. Lafferty & Co., Inc.  R.F. Lafferty & Co., Inc. is a 62 year old independently owned Wall Street brokerage firm. R.F. Lafferty & Co., Inc. fulfills its Clients expectations through multiple products which include Investment Banking, Retail and Institutional Brokerage and Wealth Management. R.F. Lafferty & Co., Inc. operates from Broker Dealer and Investment Advisor platforms.  Robert Hackel  www.rflafferty.com 212-293-9090  rhackel@rflafferty.com  "Forward-Looking Statements"  Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of Company could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rates and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.  Contact:  SpongeTech(r) Delivery Systems, Inc.  Investor Relations:  Bill Young, 1-877-776-6438  wayoung55@aol.com or info@spongetech.com  Source: SpongeTech(R) Delivery Systems, Inc.    We Value Your Feedback   Got comments, questions or suggestions? Send 'em on over: Email the Editor If you wish to send a written request or inquiry, please send it to our physical address: TGR Group, LLC 4653 Carmel Mtn Rd Suite 308 #402 San Diego, CA 92130 Subscribe Information is power and timely information is profitable. Become informed and profit from Small Cap Network Profiles and Trading Alerts by becoming a Preferred Member today. There is no cost associated with your email subscription. Add your email address below and make sure to check your email inbox and confirm your opt-in request to start receiving the Small Cap Network Email Newsletter on a regular basis. 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All companies are chosen on the basis of certain financial analysis and other pertinent criteria with a view toward maximizing the upside potential for investors while minimizing the downside risk, whenever possible. Moreover, as detailed below, TGR accepts compensation from third party consultants and/or companies, which it features in the publication and circulation of SCN. To the degrees enumerated herein, SCN should not be regarded as an independent publication.  Click Here or go to http://access.smallcapnetwork.com/compensation_disclosure/ to view our compensation on every company we have ever covered, or visit the following web address: http://access.smallcapnetwork.com/profile_disclosure/ for our full profiles and http://access.smallcapnetwork.com/alert_disclosure/ for Trading Alerts.  TGR Group, LLC has been paid a fee of $30,000 cash and 750,000 shares of newly issued restricted stock by Spongetech Delivery Systems Inc. for coverage of the Company. Additionally, one of the managing Members of TGR Group, LLC has purchased 150,000 shares of Spongetech Delivery Systems, Inc. in the open market with an average cost basis of $.035 cents per share. TGR Group, LLC has been paid a fee of $30,000 cash and 1,000,000 shares of newly issued restricted stock by Voyant International Corp. for coverage of the Company. TGR Group, LLC has been paid a fee of $30,000 cash and 250,000 shares of newly issued restricted stock by Bio-Matrix Scientific Group, Inc. for coverage of the Company. Larry Isen, the editor and publisher of the OTC Journal, through various entities he controls, has purchased 1,200,441 shares of Spicy Pickle at an average cost of $.2125 per share. These purchases were made in Spicy Pickle private offerings. The aforementioned purchases were made between August of 2005 and August of 2006. On 12/15/07, on entity controlled by Larry Isen participated in an additional financing wherein 12 shares of convertible preferred, converting at $.85 into 120,000 shares and 90,000 warrants with an exercise price of $1.60 were purchased. In addition, Larry Isen has received 785,000 shares of Spicy Pickle common stock for consulting services and has purchased 213,343 shares in the open market at an average cost of $.89 cents per share. In addition, MarketByte LLC, an entity controlled by Larry Isen, has received a fee of $30,000 cash, and 300,000 newly issued restricted shares for coverage of Spicy Pickle. TGR Group LLC, the publisher of the Small Cap Network, has received $30,000 and 300,000 newly issued restricted shares for coverage of Spicy Pickle. Mr. Isen is an affiliate of TGR Group. 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