Management of SpongeTech Speak to Investors at Luncheon in Florida

SpongeTech Engaging in Awareness Activities to Better Connect with Investors and the Financial Community as a Whole

NEW YORK, Dec. 14 -- SpongeTech Delivery Systems, Inc (BULLETIN BOARD: SPNG - News) announced today that CEO, Michael Metter, as well as Director Steven Moskowitz, attended a ASC Investor Luncheon in Florida. Alan Stone & Company, a financial communications firm arranges one-on-one meetings between management of brokerage firms, money managers and analysts based at leading financial companies.

CFO Steven Moskowitz commented, "Our participation at the luncheon, in addition to Michael Metter's interviews on the Steve Crowley American Scene Talk Radio Show, is helping to gain new and more exposure for the company. Being in front of the investors in the financial communities is important to us especially regarding the rapid expansion our company has seen. With our products hitting more and more shelves in regional markets in the U.S., as well as in several international markets, we saw as result of the recent trade shows in Las Vegas."

About SpongeTech Delivery Systems

SpongeTech(R) 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 (child-safe) bath foam sponge. Each SpongeTech(R) 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.