(SpongeTech(R) Delivery Systems, Inc. Reports $13.5 Million in Orders for the Month of August to Date SpongeTech(R) Continues Reporting Orders at Record Pace)
NEW YORK, Aug 17, 2009 (BUSINESS WIRE) -- SpongeTech(R) Delivery Systems, Inc.
("SpongeTech") "The Smarter Sponge(TM), (OTCBB: SPNG) is pleased to announced
that the Company has received approximately $13.5 million in new orders thus far
in August. The Company has benefited from substantial reorders from existing
customers as a result of the increased marketing campaign utilizing television,
radio, six NFL teams, Major League Baseball teams and the World Football
Challenge. The marketing campaign has been successful and recognized at the
retail level with strong retail demand for all of SpongeTechs' products. In
addition, the Company has secured several important initial orders from major
retail chains that should geographically diversify revenues. Management believes
the drive in sales should continue as SpongeTech(R) brands its product line as
The Smarter Sponge(TM).
"We are pleased with the continued demand for our products at the retail level
and based on the orders that have been coming in, we are confident that our
expansion into over 100,000 retail locations by the end of this year is very
much in the horizon," said SpongeTech(R)'s COO, Steven Moskowitz. "We believe
that SpongeTech will be able to sustain the current pace that the Company is
experiencing."
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 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 products as The Smarter Sponge(TM) .
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.
SOURCE: SpongeTech(R) Delivery Systems, Inc.
CONTACT:
SpongeTech(R) Delivery Systems, Inc.
Investor Relations, 1-877-776-6438
info@spongetech.com
or
Connecting Markets GmbH
Toll Free: +0800-100-4292
Fon: +49 (0) 69-2165-5910
Fax: +49 (0) 69-2165-5911
Email: info@cmir.de
Copyright Business Wire 2009
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KEYWORD: United States
North America
New York
INDUSTRY KEYWORD: Department Stores
Home Goods
Manufacturing
Chemicals/Plastics
Retail
Specialty
Consumer
Pets
SUBJECT CODE: Product/Service
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