SpongeTech® Delivery Systems, Inc. Retains Independent Registered Public Accountants, Deloitte Touche LLP
Date : 08/24/2009 @ 3:44PM
Source : Business Wire
Stock : SpongeTech® Delivery Systems, Inc. (SPNG)
Quote : 0.108 -0.014 (-11.48%) @ 7:59AM
SpongeTech® Delivery Systems, Inc. Retains Independent Registered Public Accountants, Deloitte Touche LLP
SpongeTech® Delivery Systems, Inc. (“SpongeTech”) “The Smarter Sponge™”, (OTCBB: SPNG - News) today announced and filed a Form 8-K, that the Company has retained Deloitte Touche LLP (“Deloitte”) as the Company’s independent registered public accountants for the May 31, 2010 financial statement audit. Deloitte’s engagement will become effective upon the filing of the Company’s Form 10-K for the year ended May 31, 2009. Deloitte has already begun working with SpongeTech’s management team on the transition from the existing auditing firm that is completing the annual report for FY ‘09 that ended May 31, 2009. This is another step towards securing SpongeTech’s future as a world class organization.
"We are very pleased to have retained one of the world’s top accounting firms,” commented Michael Metter, CEO of SpongeTech. “We feel this is inline with the growth and direction of our Company and we look forward to having Deloitte as our auditors so that we may utilize their many professional services to enhance the infrastructure of SpongeTech.”
To view SpongeTech’s Form 8-K regarding the change in auditors, please visit: www.sec.gov. 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 products as The Smarter Sponge™ .
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.
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