SpongeTech Delivery Systems Presented to a Packed ValueRich Small-Cap Financial Expo Audience in NYC

NEW YORK, Oct. 24, 2007 -- SpongeTech Delivery Systems, Inc. (BULLETIN BOARD: SPNG) announced today that it had a very successful experience at the ValueRich Investor Conference this past week in New York City with a presentation to a packed house.

SpongeTech Delivery System's CFO Steven Moskowitz commented, "Our booth at the New York Value Rich Small-Cap Financial Expo was very busy this past week. From our perspective we had one of the busiest booths at the ValueRich Small- Cap and we spoke to a lot of investors and institutional money managers and broker/dealers who were very interested in our company and stock. We gave our presentation to a packed conference hall, and with all the interest and questions during the Q&A period we were allowed about double the normal presenter allotted time. We gave away a lot of product samples and we believe that we generated a lot of visibility for our company. We are certain that attending the Expo will help SpongeTech to draw more interested investors to our company and ultimately, our stock."

For more information please contact Investor Relations at 1-877- SPONGE T or visit the company website at: www.spongetech.com.

About SpongeTech Delivery Systems

SpongeTech Delivery Systems designs, produces, markets, and distributes cleaning products for vehicular use utilizing patented technology relating to sponges containing hydrophilic (liquid absorbing) foam polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, which is loaded with specially formulated soaps and wax that are released when the sponge is applied to a surface with minimal pressure. The Company's products are currently designed specifically for vehicular cleaning use. However, the Company is exploring the possibility of using its patented technology for the development of sponges for other uses, including for use with anti-bacterial, bath and kitchen soaps for household uses, as well as for use as a children's bath foam sponge. Each SpongeTech Delivery System sponge is fully biodegradable and is designed with their cutting-edge technology and environmentally friendly.

"Safe Harbor Statement" Under The Private Securities Litigation Reform Act of 1995: The statements in the press release 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 December 31, 2005, the Company's Quarterly Report on Form 10-QSB for the first quarter ended March 31, 2006. 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.