SA Trading Group seems legit;
SpongeTech Receives a Third, Large $3,755,000 Order from SA Trading for Distribution in Mexico!
Publication: Business Wire
Date: Tuesday, August 21 2007
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The SpongeTech Distribution Relationship with SA Trading has resulted in orders for more than 1M total units with this most recent order as sales into Mexico and Latin America of SpongeTech products are on the rise.
MEXICO CITY -- SpongeTech Delivery Systems, Inc. (OTCBB: SPNG) today announced they have signed the agreement with SA Trading Group Corp for $3,755,000. That's 375,000 units to be delivered first Quarter 2008, for distribution in Mexico. This is the third order from the SA Trading Group Corp. that SpongeTech has received including the first order for 250,000 units, a second order in Q2 for 500,000 units and this most recent order, for an additional 375,000 units, totaling 1,125,00 units sold to the SA Trading Group.
Steven Moskowitz, Chief Financial Officer of SpongeTech Delivery Systems stated "We are pleased to have finalized our most recent order with the SA Trading Group Corp. which will help us to continue to expand our sales and distribution into Mexico and South America" Mr. Moskowitz further stated "Our relationship with the SA Trading Group has also led to the translation and product introduction of SpongeTech for the Spanish and Portuguese speaking markets which will help to further increase global interest and market penetration of these products into Mexico, South America and other Spanish and Portuguese speaking regions."
For more information please contact Investor Relations at 1-877-SPONGE T for Bill Young or visit the company website at: www.spongetech.com.
About SA Trading Group Corp.
SA Trading Group Corporation is among the largest distributors of automotive related products into Mexico and South America. Their distribution encompasses sales to retail chains, automotive supply outlets and other vertical market specialty stores.
