SpongeTech® Delivery Systems, Inc. to Increase National Marketing and Advertising Budget for Fiscal Year 2010
Press Release ****Please stop all your nonsense tt. ****
Source: SpongeTech® Delivery Systems, Inc.
On Monday June 15, 2009, 11:12 am EDT
Buzz up! 1 Print
Companies:Spongetech delivery systems, inc.
NEW YORK--(BUSINESS WIRE)--SpongeTech® Delivery Systems, Inc., America’s Cleaning Company™, (OTCBB: SPNG) has today announced that its marketing and advertising ("marketing") budget will be substantially increased to approximately $20 million for Fiscal Year 2010 ("FY '10"). This represents an approximate increase of 100% over the $10 million spent on marketing during the first 9 months recorded in the 3rd Quarter of Fiscal Year 2009 ending February 28, 2009. Management has opted for this significant marketing budget increase, due to the widespread acceptance of SpongeTech®’s products in the marketplace and the exceptionally high reorder rate from existing customers. The Company is also in the process of launching additional important new products that should drive strong revenue and earnings growth during FY '10 and beyond. There will be a sharp increase in television commercials; ESPN will begin airing SpongeTech® commercials this summer during ESPN Sunday Night Baseball.
Related Quotes
Symbol Price Change
SPNG.OB 0.1230 +0.0031
{"s" : "spng.ob","k" : "c10,l10,p20,t10","o" : "","j" : ""} SpongeTech®’s COO, Steven Moskowitz commented, "Some of the most prestigious U.S. based retailers have started ordering our products because the Company has established a track record of supporting its brand through marketing expenditures. Now that the Company has achieved strong and consistent earnings growth and profitability, Management has made the choice to heavily invest in furthering our brand equity and recognition in the marketplace. The Company will insure that the important new products being launched will be supported through enhanced advertising campaigns.”
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® Delivery Systems, Inc.
SpongeTech® 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®'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® Delivery Systems, Inc. intends to globally brand its Company as America's Cleaning Company™ .
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.
Contact:
SpongeTech® Delivery Systems, Inc.Investor Relations:Bill Young, 877-776-6438wayoung55@aol.com or info@spongetech.comorConnecting Markets GmbHToll Free: +0800 100 42 92Fon: +49 (0) 69 21 65 59 10Fax: +49 (0) 69 21 65 59 11info@cmir.de Buzz up! 1
Related Headlines
SpongeTech® Delivery Systems, Inc. Authorizes Increase in Stock Buyback Program to 150 Million Shares - Business Wire
SpongeTech® Delivery Systems, Inc. Participates at the Nautica New York City Triathlon - Business Wire
SpongeTech® Delivery Systems, Inc. CEO and COO Purchase Company's Stock - Business Wire
SpongeTech® Delivery Systems, Inc. Receives Initial Purchase Order from Shop Rite - Business Wire
SpongeTech® Delivery Systems, Inc. Updates New Orders in July to $11 Million to Date - Business Wire
Top Stories
Stocks Extend Gains After Home Sales Report - AP
Debt reduction pushes Ford to $2.3B 2Q profit - AP
New jobless claims rise to 554K, total rolls fall - AP
3M profit surges past estimates, stock climbs - Reuters
McDonald's 2Q profit falls 8 pct on strong dollar - AP
Related Message Boards
Spongetech delivery systems, inc.
Sponsored Links
Live Forex Practice Account
Practice Forex Trading in Real Market Conditions with a Free Trial.
www.GFTforex.com
Earn From 2.02% to 2.32%
With GE Capital Corporation. Not An Offer Of Securities For Sale.
www.geinterestplus.comBuy Stocks for $4
No account or investment minimums. No inactivity fees. Start Today.
www.sharebuilder.com
$74/Hr Job - 132 Openings
Make Money - $74 Per Hour From Home. On CNN, NBC, CBS & FOX News.
www.MiamiCityPost.comADVERTISEMENT
Tech Ticker Recent Posts
Hamptons Real Estate Market Following Manhattan Into the Tank - Henry Blodget
Dow 15,000, Here We Come: Stocks Going to New Highs, Lemonides Says - Peter Gorenstein
Morgan, Wells Fargo Victims of "Silly White Noise," Bank Bull Says - Aaron Task
View More »
Subscribe to Topics
Top Stories
Add Alert
spng.ob Headlines
Add Alert
News 
Market Data 
Discover 
AI
