SpongeTech® Delivery Systems, Inc. Reports $7.25 Million in New Orders
SpongeTech® Received Approximately $13.65 Million in Purchase Orders for the Month of June to Date
NEW YORK--(BUSINESS WIRE)--SpongeTech® Delivery Systems, Inc., America’s Cleaning Company™, (OTCBB: SPNG) is pleased to announce that the Company has secured approximately $7.25 million in new orders, bringing the total to approximately $13.65 million of purchase orders for the month of June to date. The newly reported orders include SpongeTech® receiving an initial purchase order with a new major retailer in Canada. SpongeTech®'s products are being ordered by various retail outlets all through North America including drugstores, supermarkets, membership warehouse clubs, and big box stores. The Company continues to brand itself as America’s Cleaning Company™.
“We are excited to report what appears to be a record month for the Company so far,” comments SpongeTech®’s COO, Steven Moskowitz. "We are proud to introduce our product line to our neighbors up north!! Establishing this new retailer will now provide our Company with an impressive launch of our products to the consumers in Canada.” Moskowitz continues, “We have begun shipping our newest children's bath sponge product to the many retailers who have pre-ordered the product and we expect to see it in those stores soon.”
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® Delivery Systems, Inc.
SpongeTech® 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®'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® is currently exploring additional applications for its technology in the health, beauty, and medical markets. SpongeTech® Delivery Systems, Inc. intends to globally brand its Company as America's Cleaning Company™ .
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.
Fred Pericles
Senior Financial Analyst
City of Miami
(305) 416-5966
(305) 416-372-2919
400 SE 2nd Ave
Miami, FL 33131
fpericles@miamigov.com
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