Monday, August 04, 2008 9:47:09 AM
SPNG news.
SpongeTech(R) Delivery Systems, Inc. Receives Second Re-order in Excess of $4,250,000 Patented Sponge Products from Dubai!!
SpongeTech(R) Re-order of 210,000 Auto Care Kits Sponges from Dubai and a New Order of Test Unit of Our New Kitchen and Bath Sponges
NEW YORK, Aug 04, 2008 /PRNewswire-FirstCall via COMTEX/ -- SpongeTech(R) Delivery Systems, Inc. (OTC Bulletin Board: SPNG) is pleased to announce that the Dubai Export Import Company, in Dubai, has a second re-order and it is for 210,000 units of our patented Auto Care products and a NEW order of 10,000 test units of SpongeTech(R)'s new kitchen and bath sponges, which is the company's newest product line in the household cleaning product division. This translates to an order in excess of $4,250,000 from this company. This order will be paid in full prior to shipping. We expect to ship this order in its entirety by December 15, 2008.
SpongeTech(R)'s COO, Steven Moskowitz said, "We are very pleased with the third and biggest order of 210,000 units. The first in November was 11,000 units, the second was 55,000 units in April, and now this one. What a show of positive response to our products in Dubai! This provides us an indication as to the success we will be seeing in the launching of our new product lines from our other divisions. We are confident that our customers will order our other SpongeTech(R) products as they come to market. SpongeTech(R) is on its way to becoming a worldwide household brand."
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 development stage company, which designs, produces, and markets a unique line of reusable cleaning products for house-hold use. These sponge-based products utilize SpongeTech(R)'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 gets wet and applied to a surface with minimal pressure. The Company's current product line is designed for Car Care and Pet Care, 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.
"Safe Harbor Statement" Under The Private Securities Litigation Reform Act of 1995: The statements in the press release 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 December 31, 2005, the Company's Quarterly Report on Form 10-QSB for the first quarter ended March 31, 2006. 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.
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.
URL: http://www.spongetech.com
www.prnewswire.com
Copyright (C) 2008 PR Newswire. All rights reserved
-0-
KEYWORD: New York
INDUSTRY KEYWORD: HOU
OTC
REA
SpongeTech(R) Delivery Systems, Inc. Receives Second Re-order in Excess of $4,250,000 Patented Sponge Products from Dubai!!
SpongeTech(R) Re-order of 210,000 Auto Care Kits Sponges from Dubai and a New Order of Test Unit of Our New Kitchen and Bath Sponges
NEW YORK, Aug 04, 2008 /PRNewswire-FirstCall via COMTEX/ -- SpongeTech(R) Delivery Systems, Inc. (OTC Bulletin Board: SPNG) is pleased to announce that the Dubai Export Import Company, in Dubai, has a second re-order and it is for 210,000 units of our patented Auto Care products and a NEW order of 10,000 test units of SpongeTech(R)'s new kitchen and bath sponges, which is the company's newest product line in the household cleaning product division. This translates to an order in excess of $4,250,000 from this company. This order will be paid in full prior to shipping. We expect to ship this order in its entirety by December 15, 2008.
SpongeTech(R)'s COO, Steven Moskowitz said, "We are very pleased with the third and biggest order of 210,000 units. The first in November was 11,000 units, the second was 55,000 units in April, and now this one. What a show of positive response to our products in Dubai! This provides us an indication as to the success we will be seeing in the launching of our new product lines from our other divisions. We are confident that our customers will order our other SpongeTech(R) products as they come to market. SpongeTech(R) is on its way to becoming a worldwide household brand."
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 development stage company, which designs, produces, and markets a unique line of reusable cleaning products for house-hold use. These sponge-based products utilize SpongeTech(R)'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 gets wet and applied to a surface with minimal pressure. The Company's current product line is designed for Car Care and Pet Care, 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.
"Safe Harbor Statement" Under The Private Securities Litigation Reform Act of 1995: The statements in the press release 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 December 31, 2005, the Company's Quarterly Report on Form 10-QSB for the first quarter ended March 31, 2006. 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.
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.
URL: http://www.spongetech.com
www.prnewswire.com
Copyright (C) 2008 PR Newswire. All rights reserved
-0-
KEYWORD: New York
INDUSTRY KEYWORD: HOU
OTC
REA
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