Spongetech Delivery Systems, Inc. (fka SPNGQ)

[TradeForProfits]

SpongeTech(R) Delivery Systems, Inc. Reports $4.3 Million USD of New Orders This Week, That's Approximately $10 Million USD of New Orders for the Month of May to Date!

2009-05-15 10:39 ET - News Release



SpongeTech(R) Strong Re-orders from US Retailers, Combined with Robust New Order


NEW YORK, May 15 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery Systems, Inc. America's Cleaning Company(TM), is pleased to announce that the company has secured an additional $4.3 million in new orders this past week starting Sunday, May 10, 2009. To date for the month of May, the Company has received approximately $10 million in new orders. This demonstrates the degree to which the products have gained momentum in the marketplace and management continues to see strength in all aspects of the business. Included within this week's new orders are two to top retailers as first time customers. These two will give us footprints in major Supermarkets Chains and Membership Warehouse Clubs to follow up on the footprints we already have in Drug Stores and Auto Centers across America. Management anticipates that the Company will report record revenues and booked orders for the month of May.


SpongeTech(R) COO Steven Moskowitz said, "The Company is experiencing tremendous growth and most importantly, the products have been received by the marketplace. Our strong rate of re-orders in the US, in combination with the orders from our newly established retail and other accounts, have propelled the Company to record results for the first 15 days of May. Last year at this time we were in 500 doors. This year, exactly a year later, we are in over 25,000 doors between pet auto and children's products."


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 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(R)'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(R) is currently exploring additional applications for its technology in the health, beauty, and medical markets. SpongeTech(R) Delivery Systems, Inc. intends to globally brand its Company as America's Cleaning Company(TM).


SafeHarbor 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.


Contact:

SpongeTech(R) Delivery Systems, Inc.
Investor Relations:
Bill Young, 1-877-776-6438
[e-mail] or [e-mail]

SpongeTech Delivery Systems, Inc.



CONTACT: SpongeTech(R) Delivery Systems, Inc., Investor Relations: Bill
Young, 1-877-776-6438, [e-mail] or [e-mail]



Web site: http://www.spongetech.com/