InvestorsHub Logo
Followers 117
Posts 33453
Boards Moderated 3
Alias Born 10/22/2007

Re: None

Monday, 11/10/2008 10:24:48 AM

Monday, November 10, 2008 10:24:48 AM

Post# of 10237
SPNG NEWS !

SpongeTech(R) Delivery Systems, Inc. Announces Sales in Excess of $2,500,000 from Marketing Efforts at AAPEX Auto Show
Monday November 10, 10:00 am ET
SpongeTech(R) Unveils Redesigned Packaging of Car Care System, Introduces New Three-Pack Combo


NEW YORK, Nov. 10 /PRNewswire-FirstCall/ -- SpongeTech® Delivery Systems, Inc. America's Cleaning Company(TM), (OTC Bulletin Board: SPNG - News), is pleased to reported revenues in excess of $2,500,000 USD from sales at the AAPEX Auto Show (November 4-6, 2008, in Las Vegas, NV). SpongeTech® exhibited its line of auto-care products during its third consecutive appearance at AAPEX, the world's largest business-to-business event for the nearly $300 billion automotive aftermarket industry. Athletic greats and celebrity Company spokespersons Baseball Star, Darryl Strawberry and NASCAR Craftsman Truck Series driver #7 TJ Bell, were on hand during the trade show at the SpongeTech® booth for meet-and-greets, product demos, and more.
ADVERTISEMENT


SpongeTech® COO Steven Moskowitz said, "I am very pleased with our recent presence at AAPEX, the new orders generated there, and the growing receptivity toward our product line in the marketplace. We are receiving tremendous interest in our cleaning delivery technology both here and abroad, with special excitement surrounding our new household products and children's bath product lines. I hope to announce a major event with our children's bath product line in the very near future."

This successful trade show appearance comes after the Company had previously announced anticipated revenue projections of $35,000,000 to $40,000,000 for the fiscal year 2009 starting May 31, 2008. Since October 1, 2008, SpongeTech® has received new orders in excess of $5,000,000 for Auto-Care and Pet-Care Products. Eighty percent (80%) of these new orders are from new customers with the balance "reorders" from existing customers.

For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company's website at: www.spongetech.com


Promising Longterm Investments #board-11828
DISCLAIMER: All my posts are either fact or my opinion !

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.